Gas surplus worries Wall Street analysts
Journal Article
·
· Chem. Week; (United States)
OSTI ID:6884466
According to G. H. Lawrence, president of the American Gas Association (AGA), at a Jan. 1979 meeting with the New York Society of Security Analysts, the present gas surplus will last no more than five years; gas demand is now 19 trillion cu ft/yr, and the gas industry will be able to supply 22 trillion by 1980. AGA will try to expand gas use as a premium fuel in selected markets, e.g., the use of gas rather than coal in air-quality emergencies, and the use of gas and LNG as transportation fuel by commercial fleets. AGA officials feel that federal and state government can be dissuaded from shunting the cost of new natural gas supplies mainly to industrial users, thus making the material too expensive, and that the 1.4 trillion cu ft/yr of gas business that has been lost to oil during the last three years can be rewon.
- Research Organization:
- Am. Gas Assoc.
- OSTI ID:
- 6884466
- Journal Information:
- Chem. Week; (United States), Journal Name: Chem. Week; (United States) Vol. 124:4; ISSN CHWKA
- Country of Publication:
- United States
- Language:
- English
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