Natural gas growth: Which industry players benefit the most?
✍ Scribed by Carson, Margaret M.
- Publisher
- John Wiley and Sons
- Year
- 2008
- Weight
- 345 KB
- Volume
- 9
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
✦ Synopsis
use was 32.2 quads (or quadrillion BTUs) in 1986, compared to 32.8 quads by 1991, a 2-percent increase (see Figures 1 and2). How does this compare with natural gas use? For the same time period, gas use increased by 15 percent, a sevenand -a-half-times faster pace.
Since 1986, when the US. gas market demand bottorned out at 16.2 trillion cubic feet a year, the pace of natural gas consumption has grown dramatically. The gas usage levels rose 15 percent over the next five years and exceeded 19 trillion cubic feet by 199 1. For the first nine months of 1992, U S . gas use was 4 percent ahead of 1991 levels. The American Gas Association expects 1992 gas demand to exceed 20 trillion cubic feet. Behind this increase in gas use are three fundamentals: 1. Market-oriented gas pricing, due to easing of regulatory restrictions on gas sales, and open-access transport; 2. Recognition that both U.S. gas resources and Canada's exportable surplus are plentiful; and 3. Environmentalrgaret M. Carson is direcfor protection initia-:ompetitiveana/ysis forEnron tives and pricerp., Houston.