The long-term trends in US gas supply and prices: The 1988 GRI baseline projection of US energy supply and demand to 2010: Gas Research Insights

Technical Report · Thu Dec 01 04:00:00 EST 1988

OSTI ID:6058113

Woods, T J

This report summarizes the gas supply outlook in the 1988 GRI Baseline Projection of US Energy Supply and Demand, which has been adopted as a major input to the planning cycle leading to the development of Gas Research Institute's (GRI) 1990 research and development program. The baseline projection presents the GRI planning outlook for the economic and the energy supply and demand situation to the year 2010. The 1988 projection was developed independently by GRI using publicly available data and a framework of commercially available models that GRI has modified over several years. It is not derived from the views of GRI member companies. The 1988 GRI Baseline Projection indicates that US gas consumption grows steadily throughout the projection period, reaching almost 20 quads by 2010. The principal sources of this growth are increased gas consumption in the commercial and electric utility sectors. Therefore, gas industry supply planning should be aimed at providing a steady growth in US gas supplies at competitive prices over the next 25 years. This steady growth in US gas supplies will come about principally because of increased US gas production using advanced technologies of the type GRI is developing and increased gas imports. US gas production will decline from 93 percent of US gas supply in 1987 to 85 percent in 2010. The import share will grown from 6 percent to 13 percent over the same period. Supplemental gas sources will provide the remaining, modest levels of US gas supply. While the average real gas acquisition price grows steadily through the projection period from its 1987 level, gas remains competitively priced with other fuels. 7 refs., 7 figs., 28 tabs.

• Research Organization: Gas Research Inst., Chicago, IL (USA)
• OSTI ID: 6058113
• Report Number(s): GRI-9012491; ON: TI89012491
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
298000 -- Energy Planning & Policy-- Consumption & Utilization
COMMERCIAL SECTOR
COST
ELECTRIC UTILITIES
ENERGY CONSUMPTION
ENERGY SOURCES
ENERGY SUPPLIES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
IMPORTS
NATURAL GAS
PRICES
PRODUCTION
PUBLIC UTILITIES
RESOURCES
SUPPLY AND DEMAND
TRANSPORT