October 2006


Industry developments

Robust growth throughout HPI sectors

Jackson, Kim M., Hydrocarbon Processing Staff

Gas processing. Natural gas (NG) is the world's second largest source of primary energy. It accounts for about 23% of the total world energy demand.1 However, NG is on a price roller coaster and experts believe that this will continue. NG is a worldwide commodity; however, receiving and production facilities are limited. Once new LNG complexes come online in the US, starting in late 2007 or early 2008, NG will more than likely emerge as the dominate fuel, first for generating power, then longer-term for transportation.1 Demand for LNG in the US remains bullish. FERC recently approved 5 major LNG projects for construction, thus enabling increased LNG imports as gas demands grow and US produ

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