Publication

This report examines what has changed in the natural gas industry and focuses on the demand side and ancillary benefits to the US economy: The relatively rapid expansion of US natural gas resources over the last five years, particularly from shale gas, has been coupled with slower demand growth by natural gas consumers. The result has been low prices not seen for over a decade and, equally important, prices that are projected to stay low for decades. US natural gas prices have also been comparatively lower than those observed in international markets.