|  August 28, 2014  |  
Light Rain   54.0F  |  Forecast »
Bookmark and Share Email this page Email Print this page Print Feed Feed

Utility regulators hear about shale gas, fracking and U.S. LNG exports

Daniel Yergin, a Pulitzer Prize-winning author and consultant on global oil and gas history and politics, told several hundred utility regulators Feb. 7 that if just five years ago any of them had talked about exporting U.S. natural gas, “we’d take you off to the asylum.”
 
But in the past five years, he said, “the impact of shale gas has been enormous,” filling the U.S. market with new supplies, changing the economics for the nation’s electrical generation industry, and prompting strong interest in shipping U.S. gas overseas. Horizontal drilling and hydraulic fracturing for natural gas are “the biggest innovations in the energy sector,” Yergin told a packed ballroom at the winter meeting of the National Association of Regulatory Utility Commissioners in Washington, D.C.
 
“There is no doubt that our whole model for getting natural gas in North America has been turned on its head in the past decade,” said Cal Cooper, manager of special projects for the CEO at oil and gas producer Apache Corp. Cooper, a geophysicist, said today’s low prices brought on by prolific shale gas production are unsustainable, though it’s hard to see gas climbing above $5 per thousand cubic feet “anytime soon.”

Utility regulators hear pros and cons of natural gas exports >

State officials learn about shale gas, hydraulic fracturing >

 



Alaska Natural Gas Transportation Projects
1717 H Street, NW, Suite 801
Washington, DC 20006

 

Add your comment:
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement