Breitling Energy Daily Podcast #421

During a decade before 2005, natural gas production remained relatively flat in both US and European member countries of the OECD.   OECD Europe gas consumption rose steadily over the period, outpacing production growth by 2%/year, but it was flat in US. This situation has been changed after 2005, according to a recent analysis from the US Energy Information Administration.

Since 2005, gas production from shale plays has increased rapidly in US, twice as fast as gas consumption growth, reaching 24 tcf in 2012. Gas consumption, though not rising as fast as production, still grew by 16% over that same time period to 25.2 tcf in 2012. Use of gas from electric power generation.

 

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