U.S. could see shift to natural gas export

The U.S. continues to see growing interest in natural gas for electricity generation, heating and other purposes, but the market has steadily become saturated with the development of shale gas resources. MarketWatch reports that some companies have begun to investigate the development of liquid natural gas plants to begin taking part in the global gas market.

Natural gas is generally transported in pipelines, requiring the use of gas processing plants to liquefy the fuel for transport. At present, the U.S. has substantial resources for storage and re-gasification but only a single liquefaction plant.

With global demand on the rise and prices high, companies like Dominion Resources and Cheniere Energy are planning new gas plants, while Exxon Mobil has considered such investments.

"The projected U.S. demand is not sufficient to absorb the supply from these fields [being developed in the U.S.]," Rich Gordon of Gordon Energy Solutions told MarketWatch.

The Economic Times, meanwhile, reports that India has announced plans to develop liquid natural gas plants abroad to help supplement its tight supplies of the fuel.

PennEnergy's Research area can offer comprehensive analyses of the U.S. and global natural gas markets.



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

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...

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 ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs