What are the Most Important Factors Underlying North American Natural Gas Markets? « Breaking Energy – Energy industry news, analysis, and commentary

Improving technology and techniques, particularly around water issues, helps to both reduce costs for drillers while also minimizing complaints around water use and disposal. Similarly for methane leakage, cost effective repairs and components reduce greenhouse gas emissions and preserve more methane as product for sale. The industry needs to work every day to address legitimate community concerns and present proactive messaging or else they risk losing public trust and their ability to work at all.

There is increasing demand for natural gas as well as increasing supply. The power sector is seeing the greatest growth as cleaner, low cost gas is steadily replacing coal for producing electricity. But impressive growth is being seen in maritime applications as new emissions rules as well as costs are pushing the shipping industry into a whole new generation of LNG-fueled ships. New engines for big trucks from Westport-Cummins are enabling tractor trailers to take advantage of low-cost LNG fuel and fueling stations are being built out by Clean Energy Fuels. Fuel oil and coal boilers in buildings are also being replaced or retrofitted for natural gas by firms such as Direct Energy.

There was a panel of Congressmen, Rep’s Gene Green from Texas, Michael Turner from Ohio and Scott Tipton from Colorado gave the perspectives from their states and discussed some of the legislative activities they are working on. Paula Gant from the Dept of Energy and other government officials also spoke.

Two days of excellent information from an international roster of seasoned executives, senior analysts, government officials and technical experts gave everyone in attendance a full quantity of rich perspective on specific projects and everything from supplies to demand, infrastructure, policy and technology.

via What are the Most Important Factors Underlying North American Natural Gas Markets? « Breaking Energy – Energy industry news, analysis, and commentary.