The 2014 Black & Veatch Strategic Directions: U.S. Natural Gas Industry Report highlights the dramatic changes and optimism found across all aspects of the natural gas industry. Learn more at
http://bv.com/reports
TRANSCRIPT
John Chevrette | President, Black & Veatch:
The 2014 Black & Veatch Strategic Directions: U.S. Natural Gas Industry report again reveals this year that we’re seeing and experiencing unprecedented activity in the natural gas marketplace.
This year’s report is moving us a lot closer to being able to answer a key question that has come up from a lot of our clients in the last year or so, which is: Are these changes for real and will they last?
In prior years there was some concern about whether this was simply a short term phenomenon and whether low natural gas prices would persist long enough into the future to support long-term planning for capital projects. It would now seem that the industry has crossed the bridge towards understanding that this is likely to be the case for some time to come and many large capital projects are now moving out of the planning stages and into the early design and construction phases of their program cycle.
But we’re also seeing new capital projects and a variety of new and emerging industries like transportation natural gas, compressed natural gas for vehicles and so forth. We expect that as these long term prices continue to stay low, there will be a tremendous incentive for many industries to begin to look how they can utilize and take advantage of this significant shift in supply and fuel prices for the long-term.
It would be difficult to reach any other conclusion than that the future is bright for the U.S. natural gas industry. It would seem that we continue to discover plentiful supplies, prices are remaining low, demand is likely to continue to grow and respond to these low prices. And it will create enormous opportunities at virtually every stage in the supply chain from upstream to midstream to downstream applications.
Transformation Underway in U.S. Natural Gas Industry black mirror season 5 | |
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| Science & Technology | Upload TimePublished on 28 Oct 2014 |
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