Natural Gas Update: Challenges Persist

The NPC Study concluded that the North American resource base is sufficient to meet the projected demand for natural gas. However, this ability is very dependent on industry and government positively addressing seven key challenges.

These include access - a major issue for the E&P sector, technology, financing, workforce, the physical infrastructure including rigs, lead times, and the requirements of the new customer base which includes the new Independent Power Producers.

The DOE panel in March agreed that the natural gas resource is adequate to meet the growing demand for gas, but if, and only if, the above factors are adequately address by positive collaboration by both industry and government. The general consensus was the above Critical Factors are even more critical.

The following slides explain why these factors are so critical.