• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 3 hours Would bashing China solve all the problems of the United States
  • 6 hours Yale University Epidemiologist Publishes Paper on Major Benefits of Hydroxchloroquine for High-risk Outpatients. Quacksalvers like Fauci should put lives ahead of Politics
  • 1 hour Model 3 cheaper to buy than BMW 3 series.
  • 27 mins Thugs in Trumpistan
  • 10 hours Pompeo's Hong Kong
  • 1 day China to Impose Dictatorship on Hong Kong
  • 41 mins China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 20 hours COVID 19 May Be Less Deadly Than Flu Study Finds
  • 14 hours China’s Oil Thirst Draws an Armada of Tankers
  • 9 hours Income report showing potential future spending and economic growth
  • 2 hours Coronavirus hype biggest political hoax in history
  • 10 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 11 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?
  • 2 days 60 mph electric mopeds
Are Asian LNG Prices About To Rally?

Are Asian LNG Prices About To Rally?

LNG spot prices rose last…

The Cure For Low Gas Prices Is Low Gas Prices

The Cure For Low Gas Prices Is Low Gas Prices

Soaring debt and very low…

US Gas Prices Slump Despite Soaring Demand

US Gas Prices Slump Despite Soaring Demand

The switch from coal to…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Study: Gas Prices to Remain Stable for 2 Decades

A new study predicts that natural gas prices will remain stable over the next two decades due to sustained levels of shale production.

The report, “Fueling the Future with Natural Gas: Bringing it Home” by IHS CERA, predicts that natural gas prices in North America will range from $4 to $5 per 1,000 cubic feet in 2012 dollars through 2035, and notes an number of opportunities for an increase in natural gas use.

Researchers claim that even at market prices of $4 or less, about 900 trillion cubic feet of unconventional gas resources can be produced economically. Those figures represent over 30 years of current-level US consumption.

Related article: This Commodities Giant Is A Growing Power in Natgas

According to the study, over the next 15 years, an average residence that uses natural gas for heat will save $5,731 compared to an all-electric home.

“This means that the North American natural gas resource base can accommodate significant increases in demand without requiring a significantly higher price to elicit new supply,” Tim Gardner, IHS vice president, said in a news release.

The study noted that gas prices will fluctuate in the coming years but will maintain a steep discount to the equivalent amount of crude oil.

Just using traditional natural gas appliances provides significant cost savings for consumers. Households that use natural gas appliances for heating, water heating, cooking and clothes-drying spend an average of $600 less annually than homes using comparable appliances.

Related article: US Refiner Valero Outperforms

As for industry, the report said that increased domestic natural gas has led to a manufacturing resurgence in the US as companies move operations previously located abroad back stateside to take advantage of natural gas’ accessibility and lower price.

IHS CERA estimates that cheaper natural gas would create 300,000 jobs and $500 billion in investment by 2025 in the chemical sector alone.

By. Charles Kennedy of Oilprice.com


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News