CERI: Arctic gas, LNG, hydrates key to gas supply gap

Huge capital investments will be required by the industry if LNG imports and Arctic gas are to fill a projected US natural gas supply shortfall, according to a senior analyst for BP North America Gas & Power.

Dawn Constantin told a Canadian Energy Research Institute (CERI) conference a 2003 National Petroleum Council study estimated $1.27 trillion in 2002 dollars will be required for exploration and production development and $81 billion in pipeline, storage, and other infrastructure.

OGJ