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Changing world of natural gas utilization

Journal Article · · Nat. Resour. J.; (United States)
OSTI ID:6835656
Developing countries which are rich in natural gas are also net importers of petroleum fuels whose costs impose severe burdens on their balance of payments. However, gas prices are reaching market clearing levels as determined by the cost of such substitutes as fuel oil and/or coal, which has encouraged conservation steps and discouraged gas imports by some markets. For gas producing countries, the current spread in prices on a net-energy-content basis creates many new opportunities for using gas in ways that would be uneconomic in areas where delivered gas prices are high. Domestic gas use by gas producers is more likely than increased gas exports. This will provide the greatest benefits and contribute to the relief of balance of payments problems that were created by the rapid increase in oil prices. Domestic gas development will, because of low capital costs, encourage its use with gas turbines for base-load power generation, unmetered gas supplies to household, and as an automotive fuel. 69 references, 18 tables.
Research Organization:
World Bank, Washington, DC
OSTI ID:
6835656
Journal Information:
Nat. Resour. J.; (United States), Journal Name: Nat. Resour. J.; (United States) Vol. 24:2; ISSN NRJOA
Country of Publication:
United States
Language:
English