An energy consultant and former EPA assistant administrator told a group of engineers in Billings on Friday that natural gas prices in the United States are so inexpensive, the commodity is surging as the fuel of choice.
Plentiful supplies and cheap prices also are changing the use of a dozen liquid natural gas terminals, according to J. Winston Porter, who runs a consulting company, Environmental Strategies.
Porter told the Billings Engineer’s Club meeting at the Holiday Inn Grand Montana that the United States is now the world’s largest producer of natural gas. Plentiful supply has cut prices sharply.
Natural gas prices in Europe now are three to four times higher than the U.S. or $10 to $12 per thousand cubic feet, he said.
Natural gas is being produced along with more than 600,000 barrels of oil per day from the Bakken oil play in western North Dakota and Eastern Montana, which is adding to the surplus of natural gas.
Read more at the Billings Gazette. By Jan Falstad.
Photo credit: darthpedrius (Creative Commons)