CERI: Industry still struggling to meet gas demand

03/08/2004
The North American natural gas industry is pushing ahead with plans for new supply sources but is currently struggling to meet steadily rising demand.That was the consensus view of industry and government experts at a Canadian Energy Research Institute conference in Calgary last week on the gas outlook. Topics covered ranged from conventional basins to frontier gas, coalbed methane and LNG.Keynote speaker Andre Plourde, a senior executive with Natural Resources Canada, said short-term markets for gas are in reasonably good shape, with relatively strong prices. He said that drilling for gas in Canada in 2003 likely will total 14,000 wells, compared with 9,000 wells in 2002.Plourde said the...
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