A recent report published by MIT's Energy Initiative (MITEI) outlines the future of natural gas and it's relation to energy security worldwide. According to the report, unconventional shale gas deposits in the US and abroad will play a major role in developing the world's low-carbon future. The 83 page report outlines and explores necessary steps to provide a competitive marketplace conditioned by a CO2 emissions price. It also emphasizes the growth of unconventional shale gas as a feedstock for future development claiming, "Natural gas will double its share of the energy market from 20% to 40% by 2050." The comprehensive report takes a broad view at the global natural gas and provides a special focus in the recent development of unconventional shale gas reserves. The report took two years to compile between 30 MIT faculty members. Aside from reserves and market price, the report also provides in depth views on geopolitical concerns, economics, national security, and the environment. Due to the multiple end uses for conventional and unconventional gas resources, i.e. electric generation, industrial manufacturing, and heating, and its capacity to lower greenhouse gas emissions, MIT's report shows that unconventional shale gas will maintain a vital role well into the future. According to MITEI Director Ernest J. Moniz, "Much has been said about natural gas as a bridge to a low-carbon future, with little underlying analysis to back up this contention. The analysis in this study provides the confirmation -- natural gas truly is a bridge to a low-carbon future." To download a pdf of the full report visit http://web.mit.edu/mitei/research/studies/naturalgas.html.
Recommended Reading
Waha NatGas Prices Go Negative
2024-03-14 - An Enterprise Partners executive said conditions make for a strong LNG export market at an industry lunch on March 14.
Kinder Morgan Sees Need for Another Permian NatGas Pipeline
2024-04-18 - Negative prices, tight capacity and upcoming demand are driving natural gas leaders at Kinder Morgan to think about more takeaway capacity.
Williams Beats 2023 Expectations, Touts Natgas Infrastructure Additions
2024-02-14 - Williams to continue developing natural gas infrastructure in 2024 with growth capex expected to top $1.45 billion.
Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project
2024-02-26 - Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.
EQT CEO: Biden's LNG Pause Mirrors Midstream ‘Playbook’ of Delay, Doubt
2024-02-06 - At a Congressional hearing, EQT CEO Toby Rice blasted the Biden administration and said the same tactics used to stifle pipeline construction—by introducing delays and uncertainty—appear to be behind President Joe Biden’s pause on LNG terminal permitting.