World entering into new natural gas era, executive says

The world is entering a new era in which natural gas is becoming an energy driver, as crude oil has been for more that a century—but there are issues and obstacles to reaching that potential.That is the view of Patrick D. Daniel, president and CEO of Enbridge Inc., Calgary. Daniel was keynote speaker Nov. 3 at a Ziff Energy conference on natural gas outlook.The Enbridge CEO said the main issues facing the gas industry are a lack of global marketing mechanisms, price volatility, lead times for development, and location of resources.Global marketingOn global marketing, Daniel quoted energy expert Daniel Yergin that a crude oil price drop in 1986 was significant because for the first t...

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