American Gas - November 2012 - (Page 14)

in the know Natural Gas Supply 80 60 BOD 40 Pipeline Net Imports Shale BOD Natural Gas Use 80 60 40 20 LNG Net Exports Other Power Tight 20 CBM Associated Conventional 2012 2014 2016 2018 2020 2022 2012 2014 2016 2018 2020 2022 Industrial Commercial Residential Source: The Promise of Natural Gas, p. 2, American Gas Association, © 2012, citing Source: Wood MacKenzie, Spring 2012. See paper for outlook limitations. ed to natural gas compared to alternatives • The possibility of U.S. liquefied natural gas (LNG) exports • A rallying of business, government, regulators, advocacy groups, and other stakeholders around the benefits of efficient and focused use of natural gas in the country’s energy mix. At least for the next 10 years, gas supplies are anticipated to be so robust that the market can supply not only the demand scenarios forecasted by most models but also those demand profiles that exceed the expectations of many analysts. And the market can deliver that natural gas at prices well below those encountered at the pricing peaks during the last decade. AGA’s view is that natural gas acquisition prices will remain affordable compared to other forms of domestic energy, even with an aggressive increase in natural gas consumption. Shaping the view AGA’s view for natural gas for the coming decade and beyond is predicated, at least in part, on the following conditions. ResouRce AbundAnce Technology has opened the door to efficient, affordable, and robust extraction of natural gas, oil, and other liquids in North America. The ultimate recovery potential is enormous and still likely underestimated. TechnologicAl PRogRess Further technological developments will advance resource extraction efficiency, mitigate some of the environmental and social impacts of natural gas production and distribution, and continue to make clean natural gas affordable to customers in homes, businesses, and industries across the country. ResPonsible And susTAinAble ResouRce develoPmenT The people of the United States Gas Daily Newsletter Used by traders throughout North America to make informed market decisions. Get a free trial at www.platts.com/Products/gasdaily expect extraction, transmission, and distribution of natural gas to be carried out using the best available, most responsible, and sustainable engineering, social, and environmental practices. Appropriate regulatory frameworks will be essential. 14 AmericAn GAs november 2012 http://www.platts.com/Products/gasdaily http://www.platts.com/Products/gasdaily

Table of Contents for the Digital Edition of American Gas - November 2012

American Gas - November 2012
Table of Contents
President’s Message
Industry News
Ask AGA
Search Engine
In the Know
Part One: Pipelines
Company Profiles
Places to Be
Jobline
Advertisers Index
Noteworthies
Marketplace
Facts on Gas

American Gas - November 2012