CERI: Arctic gas, LNG, hydrates key to gas supply gap

Huge capital investments will be required by the industry if LNG imports and Arctic gas are to fill a projected US natural gas supply shortfall, according to a senior analyst for BP North America Gas & Power.Dawn Constantin told a Canadian Energy Research Institute (CERI) conference a 2003 National Petroleum Council study estimated $1.27 trillion in 2002 dollars will be required for exploration and production development and $81 billion in pipeline, storage, and other infrastructure.The BP executive said gas reserves in Canada’s Mackenzie Delta and Alaska’s North Slope are the last remaining major proven reserves that are unconnected to markets. She noted that Alaska&rsquo...

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