Chemical Development Of Shale Gas In North America Tim Emboldened - Shale Gas, Chemical - Chemical

Shale gas development in North America at present has become a hot topic in the chemical industry

. In North America, shale gas is regarded as a "game changer" because it has changed the distribution of natural gas market and industry conditions. Industry to natural gas from shale gas liquid (NGLs) as a petrochemical raw materials have high hopes, saying that the North American chemical industry will bring new hope.

Reserves are greatly increased production The United States has abundant natural gas resources. American Gas Association, April 6 report released statistics, as of the end of 2009, the U.S. natural gas reserves in the first 11 years of consecutive growth, increase to 250 trillion cubic feet. From shale, sandstone and other non-conventional sources of growth to make a greater contribution to the supply growth.

Driven by technological breakthroughs in recent years, the outcome of the U.S. gas rich shale mining. U.S. shale gas output from 2007 to 34,000,000,000 cubic meters a year jump to 900 billion cubic meters. 2015, U.S. shale gas output will reach 180 billion cubic meters. Last year, the U.S. natural gas output reached 624 billion cubic meters, far exceeding the annual output of 582 billion cubic meters of Russian. U.S. Energy Information Administration predicts that U.S. shale gas production accounted for the proportion of natural gas from 12% in 2007 to 35% in 2013; to 2030, the United States, unconventional gas production will account for 55% of natural gas output, which shale gas contribution will further increase.

Giants have involved As optimistic about prospects for the development of shale gas, gas in the United States involved in the development of oil shale from 23 in 2005, the development of more than 60 in 2008, the world's major oil and gas giants have stepped in, such as Exxon, the United States Mobil, Shell, Chevron, BP, ConocoPhillips and Statoil have been in the United States and other commercial exploitation of shale gas.

2009 12 months, Exxon Mobil announced a 41 billion U.S. dollars acquisition of America's largest natural gas producer XTO Energy Inc., which is Exxon and Mobil merged in 1998 announced the largest acquisition since the company's implementation of the case that significant change in the company's strategy.

BP was the first in North America natural gas distribution companies. 2008, BP has invested 1.7 billion U.S. dollars, 1.9 billion purchase of ChesapeakeEnergy in the assets of Oklahoma, and Fayetteville Shale projects 25% stake in the two transactions will help the development of BP was all over the world shale gas resources in technical expertise.

Good low-cost chemical With large-scale shale gas development, the U.S. natural gas production will continue to grow. Industry experts said the medium term, North American natural gas prices relative to crude oil will remain low in terms of which natural gas as raw materials for the U.S. chemical industry, it is a long-term good. U.S. natural gas prices from the hurricane of 2005 per million British thermal units in the historical peak of 14 U.S. dollars fell sharply to 2009 per million British thermal units in four U.S. dollars for low.

Analysts say the current oxide (a major component in natural gas) prices and West Texas Intermediate crude oil prices remain at historically low compared with the raw material than oil, ethane feedstock prices are still relatively Cheap. Current U.S. ethane prices in 59 ~ 60 cents / gallon, while naphtha prices in the 184 ~ 185 cents / lb. The price of oil and natural gas ratio of about 20:1, much higher than the historical average. This petrochemical producers in North America is a very favorable factor. American Chemical Council (ACC) estimates that as long as the price of oil and natural gas at 7:1 ratio, the U.S. Gulf coast region competitiveness of petrochemical producers outside the Middle East will be higher than other parts of the world.

Some U.S. has a flexible ethylene cracker feedstock producers are benefiting from an adequate supply of natural gas.

by: gaga

POST COMMENT

Importance of Content Development Company Development Of Maya Tutorial Oscommerce Development - Hire Oscommerce Developer To Customize Your Store Further Development Of Colour Photocopiers Development of crusher The Development of Horn-rimmed Glasses The Development Trend Of The Coal Mill Can An Smsf Borrow For An Off The Plan Development? Trust and Development Shougang: Development Of Circular Economy "green Steel" - Steel, Circular Economy - ‘Green Expo' in Beijing to Urge Further Clean Industry Development The Development Of Modern Eyeglasses Open Source Development From Base To Its Importance In Recent Times