US gas prices set to double

Royal Dutch Shell says it expects gas prices in the US to double in the next three years.

Shell’s chief executive, Peter Voser, said gas demand in the US would rise “as coal is replaced by gas in electricity, and gas in transportation takes off.”

Peter Voser Currently “fracking”, has led to a boom in gas production in the US, creating a surplus that has depressed prices and put many operators under pressure.

However all that is set to change, with shale gas exploration, also showing “very encouraging flow rates” in China.

For more power business news





Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...