American Gas - February 2013 - (Page 13)

by the numbers Recent reports show how natural gas is poised to become an even greater component in America’s energy mix, with North America becoming a net energy exporter—a watershed event in the history of our energy industry. t U.S. DRY NATURAL GAS PRODUCTION North America is poised to become a net energy exporter by 2025, according to ExxonMobil’s new report, Outlook for Energy: A View to 2040. The growing supply of domestic energy resources will create significant economic benefits for North American economies, the report Trillion Cubic Feet 30 Shale gas 2025 2030 2035 2040 IN-COUNTRY SUPPLIES 2010 113 IN-COUNTRY SUPPLIES COUNTRY IMPORTS EUROPE IN-COUNTRY SUPPLIES 2025 IN-COUNTRY SUPPLIES 2010 NORTH AMERICA 120 REGIONAL IMPORTS REGIONAL EXPORTS REGIONAL IMPORTS 2040 Quadrillion BTU’S REGIONAL IMPORTS 121 REGIONAL ENERGY BALANCES REGIONAL EXPORTS ASIA 316 2020 277 2015 217 2010 2010 2005 OF THE WORLD 316 2000 2040 1995 Source: U.S. Energy Information Administration, Annual Energy Outlook 2013 Early Release 2025 82 0 1990 Information Administration’s Annual Energy Outlook 2013 makes clear (left). 2040 Alaska Coalbed methane Associated with oil Non-associated onshore 5 2025 Tight gas 201 Non-associated offshore 2010 81 10 consumers with more product choices, job opportunities, and wealth (below). What will be behind the shift from imports to exports? Soaring production of shale gas, as the U.S. Energy REST 289 20 15 says. This new paradigm will create fresh opportunities for global trade with countries in Europe and the Asia Pacific region and provide 2011 25 2025 35 PROJECTIONS 2040 77 HISTORY NATURAL GAS CONSUMPTION Source: ExxonMobil, Outlook for Energy, 2012 PROJECTIONS HISTORY Natural gas demand over the next couple of decades will grow faster than previously expected, according to the U.S. Energy Information Administration. 30 In its Annual Energy Outlook for 2013, the EIA says it will up its estimate for natural gas consumption in 2035 by 12 percent over last year’s forecast. Electric power, industrial, 15 INDUSTRIAL* 10 GAS TO LIQUIDS TRANSPORTATION** COMMERCIAL 25 5 and transportation use will drive the demand growth. 0 PROJECTIONS HISTORY OTHER RENEWABLES GAS COAL 32% 23% 44% 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 NUCLEAR 2004 2005 2011 2020 2025 2030 2035 2045 Source: EIA, Annual Energy Outlook 2013 Early Release Natural gas is also poised to gain substantial market share as a baseload fuel source for power generation in the next five years— mostly at the expense of coal, says a new forecast by Bentek Energy, an energy market analytics company. “The shift will kickstart a new symbiotic 38% 2003 RESIDENTIAL *Includes combined heat-and-power and lease and plant fuel **Includes pipeline fuel FUEL MARKET SHARE FORECAST % of Total Generation ELECTRIC POWER 20 gas cycle in which gas supply and demand +9% percentage change -6% percentage change growth are more codependent and correlated,” Bentek said in the report. Source: BENTEK Energy, Power Jump-Starts New Gas Market Cycle, 2012 february 2013 American Gas 13

Table of Contents for the Digital Edition of American Gas - February 2013

American Gas - February 2013
Table of Contents
President’s Message
Subject Index
Supplanting Coal, Creating Jobs
Digest
Issues
Updates
Need to Know
By the Numbers
People and Places
Fill ‘er Up—in the Driveway
Europe
State House
City Hall
Wall Street
Elm Street
On the Docket
Profile: Philip B. Jones
Law
Jobs
Buyer’s Guide: Meters
Marketplace
Headway

American Gas - February 2013