Northwest Says Gas Outlook Has Bright Horizon

摘要

A rapid influx of natural gas supply coupled with an annual predicted growth rate of 0.9% in regional demand has revolutionized natural gas as a key player in strengthening North America's economy, according to Northwest Gas Association's recent "Gas Outlook" report. Natural gas is coined as a "fundamental economic input" in the study due to its integral role as an industrial and commercial fuel for electricity generation. Because it is a cheaper option than gasoline or diesel for vehicle fueling and a medium for water heating in homes, the report said, demand expansion will largely be contingent upon the recovery of the economy and is expected to grow 8.1% in the Pacific Northwest by 2021.