Natural gas reserves not meeting rising needs

ALASKA – A steady supply of natural gas is vitally important to the economy of the Cook Inlet region and the Kenai Peninsula.

But that gas is running out, though recent discoveries and reworked older fields have pushed back earlier projections for when production in the Cook Inlet region would decline below a threshold of 200 billion cubic feet per year from 2005 to 2007.

According to a variety of state and industry sources, roughly 85 percent of all electricity generated in Alaska