American Gas - November 2013 - (Page 10)

digest Continued from page 8 southern california Gas co. in Los Angeles has established a $1 million innovation fund to speed the development of clean technologies. Working in collaboration with the Los Angeles cleantech incubator, socalGas's initiative aims to identify and bring to market potential clean technology solutions such as fuel cells, renewable natural gas, and distributed natural gas products. The role of natural gas in global power generation will change dramatically in the next few decades, according to "The Outlook for energy: A View to 2040" from exxonmobil. The Houston-based energy giant expects the use of natural gas for power to grow 85 percent between 2013 and 2040, with gas accounting for nearly one-third of fuel inputs for global energy generation by 2040-up from just over 20 percent today. The key driver: As costs arising from greenhouse gas policies are considered, natural gas becomes increasingly competitive, says the report. A Kansas utility received a flood of suspected natural gas leak calls when a mechanical failure caused an excessive amount of harmless natural gas odorant to be released into the gas distribution system. Black Hills energy responded to more than 175 calls in the town of Liberal from concerned customers who detected the rotten-egg scent of mercaptan. A representative of Black Hills said in a statement that while the company determined quickly that the calls were likely prompted by the excess mercaptan and not a gas leak, it still sent crews to each call location to ensure there were no actual safety issues. 10 AmericAn GAs november 2013 said unconventional oil and gas activity is reducing energy costs, generating savings that are being passed along to consumers in lower energy bills, and lower costs for other goods and services. The savings are projected to reach more than $3,500 per household in 2025. "The unconventional oil and gas revolution is not only an energy story, it is also a very big economic story that flows throughout the U.S. economy in a way that is only now becoming apparent," Daniel Yergin, IHS chairman and author of The Quest: Energy, Security, and the Remaking of the Modern World, said in a statement. "In addition to significant job and economic impacts from energy production and the extensive supply chains, the growth of long-term, low-cost Vermont Gas, said the company doesn't see NG energy supplies is benefiting households and Advantage as a competitor. "We see them as a helping to revitalize U.S. manufacturing, creatvaluable partner, because not only are they helping a competitive advantage for U.S. industry ing to get natural gas to more customers, it helps and for the United States itself." us pre-develop certain specific areas," Wark told Other key findings: American Gas. If and when a pipeline is built in * The entire unconventional oil and gas value those areas, NG Advantage's customers could hook chain and energy-related chemicals contributed up immediately. $284 billion in value-added contributions to Pipeline construction in certain areas is years U.S. GDP in 2012, a figure that will increase to away, Lunderville said, and some areas of the nearly $533 billion annually by 2025. Northeast will likely never have access to natural * The U.S. trade deficit will be reduced by gas via pipeline. more than $164 billion in 2020, equivalent to "Natural gas has been a great equalizer in mak- one-third of the current U.S. trade deficit. This ing American industries more competitive," said will be driven by a rise in domestic production Lunderville. "We're really excited to be a part of and manufacturing that will displace imports, as that." -Jennifer Pilla Taylor well as a more favorable export position. * The full value chain of industrial activity and employment associated with unconventional need to know oil and natural gas contributed more than $74 billion in federal and state government revenues in 2012. Tax receipts will rise to more than $125 billion annually by 2020 and reach $138 billion by 2025. The shale revolution will enrich families and * Unconventional energy and energy-related reduce the deficit, study says chemicals activity currently supports more than 1.7 million upstream jobs and 377,000 nconventional oil and gas production midstream and downstream jobs, for a total of increased disposable income by an average 2.1 million jobs. Total jobs supported by this of $1,200 per U.S. household in 2012 and value chain are expected to rise to more than will add as much as $2,000 a year to each family's 3.3 million in 2020 and reach nearly 3.9 milincome by 2015, according to a new study by lion by 2025. IHS, a consultancy in Englewood, Colo. (bit. * Workers' earnings from all unconventional ly/1belRI4).The new production also stands to energy and related chemicals activity were nearly substantially reduce the U.S. trade deficit and $150 billion in 2012. This total is expected to boost tax receipts, the report said. rise to $207 billion in 2015 and to nearly $269 The report, "America's New Energy Future," billion by 2025. -G.J. The Boom's Bottom Line u

Table of Contents for the Digital Edition of American Gas - November 2013

American Gas - November 2013
President’s Message
Subject Index
Head Start: On Energy Education
By the Numbers
Need to Know
The Wheels on the Bus...
New Jersey
Long Island
Fueling the Future
U.S. Secretary of Energy Ernest Moniz
A Tight Ship
Expanding the Reach of the Gas Infrastructure
Company Profiles

American Gas - November 2013