The U.S. Could See Record Natural Gas Production In 2022
Rystad Energy’s analysis reveals that the Appalachian Basin was US’ best-in-class in 2020 when it comes to CO2 emissions intensity, and the region is set to report a record-high capital efficiency in 2021, as reinvestment to maintain output will drop to its lowest ever. Meanwhile, the Haynesville play will offer the largest gas output growth going forward, risking bottlenecks unless more pipelines are approved.
Rystad Energy – Apr 25, 2021, 6:00 PM CDT
Why Natural Gas Won’t Be Replaced Anytime Soon
Shell, too, believes that natural gas will remain essential for the rush to net zero. In its latest LNG Outlook, the supermajor cited forecasts that see global gas demand rising strongly thanks to Asia, driving a twofold increase in LNG demand alone, from 360 million tons last year to 700 million tons in 2040.
Source: oilprice.com – Apr 20, 2021, 7:00 PM CDT