Regional shifts in worldwide capacity, production slow

06/27/2005
Worldwide in 2004, natural gas and related NGL production continued steady but slower growth, as worldwide demand for all types of energy pushed natural gas and crude oil production.Despite impressive gains in drilling rig activity in the US and Canada, however, only Canada of the two countries managed to increase its natural gas and NGL production in 2004. Production of both in the US continued the decline, a trend Oil & Gas Journal has been following in the report for several years.Natural gas processing capacity for those two countries managed barely to retain their combined lead in capacity-51.5%-over the rest of the world, while several other regions continued to expand capacity ...
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