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

 

     

 

Share
     


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

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...