The future of U.S. natural gas production, use, and trade
AbstractTwo computable general equilibrium models, one global and the other providing U.S. regional detail, are applied to analysis of the future of U.S. natural gas. The focus is on uncertainties including the scale and cost of gas resources, the costs of competing technologies, the pattern of greenhouse gas mitigation, and the evolution of global natural gas markets. Results show that the outlook for gas over the next several decades is very favorable. In electric generation, given the unproven and relatively high cost of other low-carbon generation alternatives, gas is likely the preferred alternative to coal. A broad GHG pricing policy would increase gas use in generation but reduce use in other sectors, on balance increasing its role from present levels. The shale gas resource is a major contributor to this optimistic view of the future of gas. Gas can be an effective bridge to a lower emissions future, but investment in the development of still lower CO2 technologies remains an important priority. International gas resources may well prove to be less costly than those in the U.S., except for the lowest-cost domestic shale resources, and the emergence of an integrated global gas market could result in significant U.S. gas imports.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 39 (2011)
Issue (Month): 9 (September)
Contact details of provider:
Web page: http://www.elsevier.com/locate/enpol
Natural gas Climate Policy International gas trade;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Finn Roar Aune, Knut Einar Rosendahl and Eirik Lund Sagen, 2009.
"Globalisation of Natural Gas Markets - Effects on Prices and Trade Patterns,"
The Energy Journal,
International Association for Energy Economics, vol. 0(Special I), pages 39-54.
- Finn Roar Aune & Knut Einar Rosendahl & Eirik Lund Sagen, 2008. "Globalisation of natural gas markets – effects on prices and trade patterns," Discussion Papers 559, Research Department of Statistics Norway.
- Roberto F. Aguilera & Roderick G. Eggert & Gustavo Lagos C.C. & John E. Tilton, 2009. "Depletion and the Future Availability of Petroleum Resources," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 141-174.
- Peter R. Hartley and Kenneth B. Medlock III, 2009. "Potential Futures for Russian Natural Gas Exports," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 73-96.
- McFarland, James R. & Paltsev, Sergey & Jacoby, Henry D., 2009. "Analysis of the Coal Sector under Carbon Constraints," Journal of Policy Modeling, Elsevier, vol. 31(3), pages 404-424, May.
- Ruud Egging & Franziska Holz & Christian von Hirschhausen & Steven A. Gabriel, 2008.
"Representing GASPEC with the World Gas Model,"
Discussion Papers of DIW Berlin
845, DIW Berlin, German Institute for Economic Research.
- Justine Barden, William Pepper, Vineet Aggarwal, 2009. "The Impact of High Oil Prices on Global and Regional Natural Gas and LNG Markets," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 55-72.
- Stephen P. A. Brown and Mine K. Yucel, 2009. "Market Arbitrage: European and North American Natural Gas Prices," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 167-186.
- Philipp M. Richter, 2013. "From Boom to Bust?: A Critical Look at US Shale Gas Projections," Discussion Papers of DIW Berlin 1338, DIW Berlin, German Institute for Economic Research.
- Resul Cesur & Erdal Tekin & Aydogan Ulker, 2013.
"Air Pollution and Infant Mortality: Evidence from the Expansion of Natural Gas Infrastructure,"
NBER Working Papers
18736, National Bureau of Economic Research, Inc.
- Cesur, Resul & Tekin, Erdal & Ulker, Aydogan, 2013. "Air Pollution and Infant Mortality: Evidence from the Expansion of Natural Gas Infrastructure," IZA Discussion Papers 7179, Institute for the Study of Labor (IZA).
- Hannah Förster & Katja Schumacher & Enrica De Cian & Michael Hübler & Ilkka Keppo & Silvana Mima & Ronald D. Sands, 2013. "European energy efficiency and decarbonization strategies beyond 2030 : A sectoral multi-model decomposition," Post-Print halshs-00939253, HAL.
- Henry D. Jacoby & Francis M. O'Sullivan & Sergey Paltsev, 2011. "The Influence of Shale Gas on U.S. Energy and Environmental Policy," RSCAS Working Papers 2011/52, European University Institute.
- Uliasz-Misiak, Barbara & Przybycin, Andrzej & Winid, Bogumila, 2014. "Shale and tight gas in Poland—legal and environmental issues," Energy Policy, Elsevier, vol. 65(C), pages 68-77.
- Brigitte Knopf & Yen-Heng Henry Chen & Enrica De Cian & Hannah Förster & Amit Kanudia & Ioanna Karkatsouli & Ilkka Keppo & Tiina Koljonen & Katja Schumacher & Detlef van Vuuren, 2014. "Beyond 2020 - Strategies and Costs for Transforming the European Energy System," Working Papers 2014.15, Fondazione Eni Enrico Mattei.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.