April 2012

Trends and Resources

HP In Brief: HPIn Brief

Postcard from CERAWeekThe international availability of massive US shale gas resources could determine the fate of global gas prices over the next decade, said Paolo Scaroni, CEO of Italian oil and ga..

Postcard from CERAWeek The international availability of massive US shale gas resources could determine the fate of global gas prices over the next decade, said Paolo Scaroni, CEO of Italian oil and gas major Eni. Mr. Scaroni delivered the keynote address at the annual IHS CERAWeek energy conference, held March 5–9 in downtown Houston. Mr. Scaroni bemoaned the global differences in sales prices for “the same stupid molecule” of natural gas, citing values of less than $3/MMBtu in the US compared with about $9 in European spot markets, $11 on European oil-linked contracts and $13 in Asia. The US is an island in gas terms, he explained, noting that the nation was set for at l

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