Study: Natural gas becoming focal point of global energy - WFMJ.com News weather sports for Youngstown-Warren Ohio

updated

Study: Natural gas becoming focal point of global energy

Posted: Updated:

NEW YORK - A new study released by General Electric provides some encouraging predictions for the shale gas industry.

A white paper titled the Age of Gas finds that natural gas is becoming a focal point of global energy supply and demand.

"Natural gas is positioned to rival coal consumption as well as take share from oil on the global stage," say the study's authors Peter C. Evans and Michael F. Farina. They write that gas will also increasingly complement wind and other renewable energy sources in power generation.

Evans and Farina say that utilities, global businesses, homes and also trains, trucks and other means of transportation have already embraced natural gas. The analysts expect that gas consumption will grow by more than a third from its current level by 2025. They estimate that international trade in liquefied natural gas (LNG) will increase by 70 percent in this decade alone.

The study finds that natural gas will account for 26 percent of primary global energy production by 2025, up from 20 percent in 1990.  Most of the gas will be developed in the United States and Canada, led by the Marcellus shale region centered in Pennsylvania and the Eagle Ford shale of south Texas.

Land-based gas pipelines transport 89 percent of the gas consumed today. They authors say that gas network growth, innovation and new supply options like shale gas are helping create greater gas network density and resilience, and improve economics. 

You may view the entire white paper by following this link

EDITOR'S NOTE:

Earlier this month, the U.S. Energy Information Administration issued an estimate that the United States will be the world's top producer of petroleum and natural gas hydrocarbons in 2013, surpassing Russia and Saudi Arabia. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia's production, on the other hand, heavily favors petroleum.

  • More From wfmj.comHot ClicksMore>>

  • In new walkouts, students look to turn outrage to action

    In new walkouts, students look to turn outrage to action

    Saturday, April 21 2018 10:15 AM EDT2018-04-21 14:15:28 GMT
    (AP Photo/Carolyn Kaster, File). FILE - In this March 14, 2018 file photo, young demonstrators hold a rally in front of the White House in Washington. Another wave of school walkouts is expected as students honor victims of gun violence and push for gu...(AP Photo/Carolyn Kaster, File). FILE - In this March 14, 2018 file photo, young demonstrators hold a rally in front of the White House in Washington. Another wave of school walkouts is expected as students honor victims of gun violence and push for gu...
    Another wave of school walkouts is expected as students honor victims of gun violence and push for gun control.More >>
    Another wave of school walkouts is expected as students honor victims of gun violence and push for gun control.More >>
  • High holiday: Pot fans join 420 smoke-out in San Francisco

    High holiday: Pot fans join 420 smoke-out in San Francisco

    Saturday, April 21 2018 9:44 AM EDT2018-04-21 13:44:38 GMT
    (AP Photo/Josh Edelson). Kenny Boynton smokes a joint  San Francisco, Calif., on Friday, April 20, 2018.  Thousands of marijuana enthusiasts flocked to San Francisco’s Golden Gate Park for the annual April 20 celebration of cannabis that culminated wit...(AP Photo/Josh Edelson). Kenny Boynton smokes a joint San Francisco, Calif., on Friday, April 20, 2018. Thousands of marijuana enthusiasts flocked to San Francisco’s Golden Gate Park for the annual April 20 celebration of cannabis that culminated wit...
    Thousands of marijuana enthusiasts flocked to San Francisco's Golden Gate Park for the annual April 20 high holiday that culminated with the crowd sparking up at 4:20 p.m.More >>
    Thousands of marijuana enthusiasts flocked to San Francisco's Golden Gate Park for the annual April 20 high holiday that culminated with the crowd sparking up at 4:20 p.m.More >>
  • Trump lawyer must say why he wants porn star's case delayed

    Trump lawyer must say why he wants porn star's case delayed

    Saturday, April 21 2018 9:44 AM EDT2018-04-21 13:44:32 GMT
    (AP Photo/Mary Altaffer, file). FILE - In this April 16, 2018, file photo, adult film actress Stormy Daniels speaks outside federal court in New York. A federal judge is set to hear arguments about whether to delay the case of Daniels, who claims she h...(AP Photo/Mary Altaffer, file). FILE - In this April 16, 2018, file photo, adult film actress Stormy Daniels speaks outside federal court in New York. A federal judge is set to hear arguments about whether to delay the case of Daniels, who claims she h...
    President Donald Trump's lawyer, whose office was raided by the FBI last week, is seeking to delay a court case brought by a porn actress who claims she had an affair with the president.More >>
    President Donald Trump's lawyer, whose office was raided by the FBI last week, is seeking to delay a court case brought by a porn actress who claims she had an affair with the president.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms