US gas galore
Returns have been more difficult to find than gas in the Marcellus and Utica shale plays. New pipelines opening up fresh markets and better wells could help improve things
The greatest gas growth story in the world over the past decade has come out of America's northeast with the development of the vast Marcellus, and more recently the Utica, shale plays. The Appalachian gasfields' explosive growth has driven the transformation of America from the world's largest gas buyer to being on the cusp of becoming a global gas powerhouse, overturning the domestic market, the international gas trade and energy geopolitics in the process. The Appalachian gasfields weren't on the market's map at the start of this decade. But over the past seven years, production has risen more than ten-fold to record highs this winter of more than 27bn cubic feet a day. This is more than
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
