Finding a way to use natural gas as a mainstream transpor- tation fuel is the "holy grail' for the industry, Chesapeake Energy Corp. Aubrey McClendon told a packed audience last week at the World Shale Gas Conference & Exhibition in Grapevine, TX. McClendon, whose company is the second largest on- shore gas producer behind ExxonMobil Corp., said the U.S. gas glut "should balance itself out" by the middle of the decade. By then, he also believes that an economic method will be developed to convert gas to liquids, which would allow all types of vehicles to use compressed natural gas (CNG). The United States also could export liquefied natural gas (LNG) more economically.
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