Dow Jones Commodities News via Comtex - Daily demand for natural gas in the U.S. will jump almost 40% by the year 2030, and half of that demand is expected to be met by imports of liquefied natural gas from abroad. Daily U.S. gas demand is expected to surge to 90 billion cubic feet per day, compared to the roughly 55 bcf/d of current demand, said Richard Guerrant, vice president, Americas, ExxonMobil Gas & Power Marketing, during a presentation at the 2006 Deloitte Oil & Gas Conference.
The U.S. will compete with industrial demand for gas supplies in emerging world markets, and residential demand in China, Guerrant said.
"Europe will need twice the supply of Asia and North America" in 2030, he said.
It isn't just oil, gas is likely to be as big a problem or more so than oil. All these gas peaking power plants are really eating up our gas supply. Geothermal heat pumps,with electricity generated from renewables, carbon free coal plants and nuclear, in that order of preference, are the answer to our electric power needs. Its too bad renewables can't grow fast enough too be the major source. Importing gas is a big enviornmental and logistics problem, and I think the industry is using scare tactics to get some LNG terminals approved.
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