HP Impact: HPImpact: Risks from LNG spills ‘manageable,' says new safety report
The Energy Information Administration (EIA) estimates that domestic natural gas production is expected to increase more slowly than consumption, rising to 20.5 trillion cubic feet (Tcf) in 2010 and 21..
The Energy Information Administration (EIA) estimates that domestic natural gas production is expected to increase more slowly than consumption, rising to 20.5 trillion cubic feet (Tcf) in 2010 and 21.9 Tcf in 2025. Domestic gas production is relatively flat, while the marginal costs of domestic production are increasing, which has caused a fundamental shift in long-term gas prices. At the same time, gas demand is rising sharply, particularly for electric power generation.
The combination of higher natural gas prices, rising natural gas demand, and lower liquefied natural gas (LNG) production costs is setting the stage for increased LNG trade in the years ahead. Estimates are that worl
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