I'm prolly the wrong one to ask, but a lot of the gas is associated with oil. You get it whether or not you need it. Hence the flaring of NG at Macondo last summer. They still flare a lot in the ME.
It's coming, tho.
CERA Week: World Natural Gas Demand To Absorb Excess Supply
By Jason Womack, Of DOW JONES NEWSWIRES
HOUSTON -(Dow Jones)- Energy executives see world demand for natural gas growing significantly, absorbing excess supply and tightening gas markets.
The need for natural gas in developing countries--as a source fuel for power generation and to meet requirements to cut the heat-trapping gases blamed for global warming--are expected to drive long-term gas demand.
nasdaq.com
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CERAWeek: LNG industry struggles with supply abundance, global recession
Mar 10, 2010
Warren R. True
OGJ Chief Technology Editor-LNG/Gas Processing
HOUSTON, Mar. 10 -- Global LNG players are struggling with the current abundance of LNG capacity and the companion spike in supply from unconventional sources, mainly shale gas in North America.
ogj.com
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Saudi Arabia struggling with gas needs
March 5, 2010 10:51amby Kate Mackenzie | Share
Saudi Arabia, the world’s biggest oil producer and the only one with significant spare capacity, is having trouble meeting its own needs for natural gas - much of which come from the oil industry itself.
Saudi Aramco predicts natural gas demand will double from 2007 levels of about 2.7tcf by 2030, and the state utility wants to add another 2,500MW this year, and 12,043MW by 2015.
blogs.ft.com
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GE signs $700 million contract for natural gas power plants in Saudi Arabia
Riyadh, Saudi Arabia, October 7, 2010 — GE has signed agreements worth about $700 million to supply power generation equipment and long-term services for a new gas-fired, independent power plant that will help Saudi Arabia meet a growing need for residential and industrial power.
elp.com |
