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Message: NG prices

Re: NG prices

in response to by
posted on Mar 06, 2010 11:46AM

Thanks norsk - here is english translation - Inceptus

Technological advances mean that shale gas can be produced far more cost effectively than before. So far, it has been particularly focused on the U.S. market.

Americans are sitting on shale gas resources are estimated at around 30 times the gas reserves on the Norwegian continental shelf - that very large gas reserves.

This will eventually also be able to make the U.S. a net exporter of gas.

Large deposits
There are very large deposits of shale gas in various parts of the world. A race to gain access to attractive shale gas resources are running, and also participates in the major oil companies.

Shell has secured areas for exploration in Skåne, and some even talk about that Sweden may become a major gas producer than Norway!

Also companies like Exxon Mobil, Marathon, ConocoPhillips joins several other companies in an early stage in relation to a possible development of shale gas production in Europe.

The shale gas is emerging as an important source of supply for the Americans, it seems to be no doubt. Here one must also add the reason that the United States, second only to their own citizens' security, emphasizing its own energy security.

What will the price of gas be?
Q. The characters are far more when it comes to Europe. This relates both to the geology, organic content in the gas, access to large areas outside of population concentrations and risk of contamination of groundwater reserves.

And not least, what will the price of gas be?

The gas in the United States are believed generally to be cheaper to produce than the European gas.

Norwegian gas is considered to remain highly competitive on the European market.

Increasing deals
Pipeline gas and LNG (liquefied natural gas) will be the clear major gas products in the decades ahead.

Besides the expected increased supply of shale gas, particularly in the United States, more LNG will come on the market. The marked changes in the U.S. market will seems to have put an effective end to LNG from Shtokman.

This will also make impossible the development of rail II on Melkøya? It will certainly be the case that new gas developments that are connected to already existing infrastructure will have a far greater chance of being realized than projects where large investments in infrastructure will forrentes.

And it will probably also be the case that an increased production of Melkøya through a train II in addition to current production overall will provide a lower unit cost per cubic meter of gas than today's production.

Gas - a product of the future
Gas demand in the world market will be the increase in the next ten years, also in the European market, which is a nærmarked for Norway.

There are other very significant environmental benefits to bring if one replaces coal with gas in power plants on the continent.

One must also expect that the gas could be fuel of the future as oil resources are knappere and more expensive, while the gas becomes more available. Gas also has potential as a factor input in industrial activity.

When will Norway be a full gas nation through the use of gas in industry, transport and heating?

Here is the lot to be done!

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