AGA Report Envisions a Decade of Natural Gas Market Stability
Washington, D.C. – The United States has experienced a transformational shift in the perceived role of natural gas—from an energy source sometimes seen as unreliable and scarce ten years ago, to one that is now recognized as an essential component of a clean and secure energy portfolio. The American Gas Association has released “The Promise of Natural Gas,” a vision that points to a decade or more of relative market stability projected for this domestic, abundant fuel, and what it means for our nation and utility customers.
“This new era of sustained market stability poses great opportunity for our nation,” said Dave McCurdy, president and CEO of the American Gas Association. “America’s natural gas utilities are working within their communities to make vital investments in delivery infrastructure that make it possible for natural gas to serve a foundational role in meeting the nation’s energy needs for decades to come.”
AGA staff examined data on geologic formations, utility infrastructure, economic factors, and federal and state policies to shape a forward-looking view of natural gas. The vision outlined in the study states:
- For the next decade, domestic natural gas supplies are expected to be sufficiently robust to meet substantial growth in demand across all sectors.
- This strong natural gas supply position, when coupled with a growing and accessible delivery infrastructure, offers the nation a promise of affordable energy that can fuel economic recovery while also protecting our environment.
- Natural gas utilities can make the most of this promise by working with customers and local policy makers to leverage the efficient use of natural gas in thermal applications, expand access to natural gas vehicle fueling infrastructure, increase the use of combined heat and power technologies, and explore how micro-grids can help communities address their energy needs.
“The Promise of Natural Gas” and the market stability white paper on which it is based are available at aga.org/promise.