In his bi-monthly article for the Natural Gas and Electricity Journal, Navigant’s Rick takes a look at what the coming year holds for natural gas.
Over the last two years, there has been a dramatic shift in the US natural gas industry. In a very short period of time, the industry has transformed from being a declining production and depleting resource business to affordable and sustainable abundance from domestic supplies. This issue provides an in-depth analysis of the rapid growth of shale harvesting, the increasing public concern and low prices, and shale gas exports verses LNG imports.
Shale gas production has moved from an accelerating three-power curve to a four-power curve—steeper and faster. A comparison of shale gas production with the 2008 and 2010 Annual Energy Outlook forecasts by the Energy Information Administration (EIA) are much more dramatic.