The new world of gas marketing

This paper reports that present gas supplies are adequate but tightening. An overall supply tightening means that the 1990s will be an exciting and challenging time for the gas business. The author of this paper foresees gas becoming the fuel of the future because of its environmental benefits and its increasing share of the power generation market. New supplies must come from new development, discoveries, or long-haul new sources such as Canadian imports, underutilized Rocky Mountain gas, gas from frontier areas, or LNG. However, the development of these new supplies will depend on gas prices, transportation availability, and access to new exploration areas. Moreover, the author believes something must happen to gas prices to encourage future development; gas burner-tip sales cannot continue below parity with liquid fuels