No Joke: 100 Years of Natural Gas
Natural Gas Europe
In a session dedicated to the outlook for natural gas and reserves in North America at the North American Gas Forum, Greg Vesey, VP of Gas Supply and Trading, Chevron, termed the shale resource in North America “tremendous.”
He recalled that a few years prior, Chevron had had to tell its customers that prices were high because there wasn't much gas around. “We're down to less than 10 years of gas'; and then I showed up the next year and said, 'We got it a little wrong – now there's 100 years. And we had to go through many discussions convincing customers that this resource is real, and it is.”
From a supply standpoint, Mr. Vesey pointed to Asia: tremendous LNG projects in Australia, Indonesia; shale gas in China, which would likely be consumed internally. He said the big users of LNG...
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