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The Future of Natural Gas Prices

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Predicting the future is dangerous. The price of natural gas in the future will depend upon factors of supply and demand. Supplies of natural gas are growing. New drilling technology makes it possible to extract quantities of natural gas from tight shale formations that were unproductive in the past. These rock units are present in many parts of the world and are geographically extensive. They have significantly added to the natural gas resource.Other developments also increase the future supply of natural gas. Compressing natural gas into a liquid (LNG — liquefied natural gas) enables countries without pipeline access to markets to produce gas and ship it to distant locations. Just a decade ago the natural gas in some areas was considered to be a waste product and burned at the well site. LNG makes it a marketable commodity.Developments related to coal-bed methane, landfill gas, and deepwater drilling all bring new sources of natural gas to potential markets.On the demand side, there are several ways that natural gas consumption could rise rapidly. Current low prices motivate anyone who can use natural gas as a replacement fuel. Some electric utilities can easily switch to natural gas.Natural gas use can also be favorable for the environment. Burning gas produces significantly fewer emissions than burning coal, oil, gasoline or diesel fuel. Legislation that limits emissions or incentivizes emission reduction could result in a dramatic increase in natural gas consumption in the electric power industry and other sectors.Natural gas also has opportunities for tremendous expansion as a vehicle fuel. It is cleaner-burning than gasoline, it can be more cost-effective in many situations, and it is produced locally instead of imported.For more details: Ecommerce Solution Video Examples

Автор: Robert Hans


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