The natural gas vision -- 2

As noted in this space last week, a useful vision for the U.S. natural gas industry is a 30 tcf market by the year 2010. Doubt exists that annual consumption can grow by the 8 tcf needed to reach that level in so short a time. Much depends on the extent and speed of the electricity industry`s restructuring, which is a work in progress. Because much gas-demand growth will occur in the market for power-generating fuel, the shape and size of the restructured or deregulated electricity market will be very important (OGJ, July 19, 1999, p. 19).Realistic or not, the vision of a 30 tcf gas market should motivate planning of U.S. producers, gas processors, pipelines, and marketers. In the wake of...

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