July 1998

Trends and Resources

HP Impact: HPImpact: North American demand pressures to affect natural gas markets

A decade of growth in the natural gas industry in North America is resulting in the "challenge of success." So says an industry analysis by Arthur Andersen and Cambridge Energy Research Associates. ..

Weirauch, Wendy, Hydrocarbon Processing Staff

A decade of growth in the natural gas industry in North America is resulting in the "challenge of success." So says an industry analysis by Arthur Andersen and Cambridge Energy Research Associates. Natural gas consumption in the U.S. alone climbed to 21.9 trillion cubic feet (Tcf) in 1997, up from only 17.2 Tcf in 1987. Demand is now nearing the previous record level recorded in 1972. Total natural gas consumption in North America has grown by an average of 3%/yr since 1987. This is a build-up from 19.9 Tcf in 1987 to 25.8 Tcf in 1997. Total energy demand increased 22% from 1986 to 1996, reaching a record 89 Tcf equivalent. Consumption during that period benefited all energ

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