American Gas - April 2014 - (Page 9)
digest
strong, increasing from less than 5 bcm in 2012
to more than 80 bcm in 2030. At that point,
transport-related LNG will account for about
10 percent of global LNG demand, up from less
than 1 percent in 2012.
Heavy-duty truck fleets, where the economics
of natural gas are especially attractive, will be the
largest driver of NGV growth, according to Wood
Mackenzie. China will continue to be the single
largest market for transportation-related natural
gas, driven partly by support from regional governments that see it as way to help address urban
smog and pollution problems. "Demand growth
in U.S. and Europe is presently slower, a result of
the lack of infrastructure and consumer inertia,"
the company noted. "However, as natural gas
fuel station corridors get built, and as innovators
and early adopters seed the market, we anticipate
stronger demand growth post-2020."
Overall, concluded Tomnay, "NGV demand
could begin to accelerate rapidly, as the market
matures, the incremental costs come down, the
technology becomes more mainstream in the
culture, and the oil-gas spread persists in the long
run." -P.H.
u p d At e
We Pass On the Savings
Shale gas boom puts serious money back
in consumers' pockets
t
he average U.S. household is saving an estimated $425 to $725 a year in energy costs
due to a sharp drop in domestic natural gas
prices since 2005. And those savings could rise
to as much as $1,200 a year by 2020-roughly
equal to a boost in U.S. disposable income of
nearly 10 percent, according to the new "Made
in America, Again" study by The Boston Consulting Group.
"Our research shows that cheap natural gas is
already having a bigger impact on family budgets
than many Americans think," Justin Rose, coauthor of the study, said in a statement. "Those
benefits should grow in the years ahead."
To estimate consumer cost savings from lower
energy prices, the authors used the most recent
U.S. Energy Information Administration data on
can then be used to produce
methane, which can be stored
and distributed in the natural
gas network. in the lab, emPA
researchers found that by combining a water-absorbent zeolite
with a nanoscale nickel catalyst,
they could produce a higher yield
of methane and a more efficient
catalytic process. The team hopes
to test this on a larger scale in a
methanation plant.
san Antonio's cPs energy-which
says it is the nation's largest municipally owned natural gas and
electric company-plans to roll
out smart meters to nearly all
its customers over the next four
years, the San Antonio NewsExpress reported. Beginning in
the fall, the utility will begin to
replace about 700,000 of its
electric meters with smart meters
Continued on page 10
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Table of Contents for the Digital Edition of American Gas - April 2014
Contents
American Gas - April 2014
https://www.nxtbook.com/nxtbooks/aga/20151201
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