Drive to lower transportation costs key for many gas projects

Wide fluctuations in energy prices have caused some concern over the viability of new capital-intensive natural gas projects.While some LNG cargoes, for example, were postponed in the past 2 years, the LNG trade has recently been riding a resurgent wave of new projects.1The outlook for natural gas continues to brighten in the first decade of the 21st Century. It is clean-burning, efficient, and usually cost-competitive with other fossil fuels.Production; end useProved worldwide reserves of natural gas have been increasing steadily for 20 years, reaching 146 trillion cu m. At current production levels, these reserves will last 63 years.About 39% of proved reserves are in the former Soviet ...

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