Observer Reporter: Experts: Natural gas needs more infrastructure to reach full potential
PITTSBURGH – A consultant who studied the abundant output of natural gas from unconventional shale said Tuesday the United States should be “gas independent” in less than five years.
Last year, Consol Energy Inc. and Praxair, a Connecticut-based maker of industrial gases, had an idea for what to do with the glut of gas coming out of the Marcellus Shale. They wanted to build a $2 billion plant that would convert gas and coal to a liquid fuel, one that could be used in your car or truck.
Tribune Review: Shale industry’s problem: An excess of success
Shale formations such as the Marcellus are producing so much natural gas that the nation’s gas supply will exceed its demand by 2014, according to research released on Tuesday by Bentek Energy LLC.
The two-day gathering is bringing together representatives from industry and government to talk about ways to use the state’s large supply of natural gas- from manufacturing to transportation and exports.
Pittsburgh Business Times: Asia will be growing market for U.S. natural gas
Looking out to 2040, the driving force behind the world’s energy consumption will be population growth and rising standards of living, particularly in developing countries like China and India, according to an Exxon Mobil Corp. energy advisor who spoke in Pittsburgh on Tuesday.
Pittsburgh Business Times:Walker: Shell cracker plans ‘on target’
Speaking at a morning session of the 2013 Penn State Natural Gas Utilization conference, Walker highlighted the project proposed by Royal Dutch Shell. It’s a project that would build a petrochemical complex that would take ethane brought up from the Marcellus Shale and convert it to ethylene, which is used in plastics manufacturing.
Pittsburgh Business Times: Feds approve Dominion LNG export project
This announcement comes while a two-day conference discussing natural gas utilization wraps up in Pittsburgh. A common refrain at the conference was the need to export gas to the global market that is hungry for energy as developing countries raise their standards of living driving up global energy demand.
The Energy Information Administration has predicted that the development of domestic natural gas won’t be slowing down any time soon. In Pennsylvania, “we have way more gas than we have things to do with it,” as Bill Hall puts it.