Natural Gas Prices Raise Questions About the Future Energy Mix

Journal of Petroleum Technology 

With the future of energy in flux, natural gas has emerged as a potentially major player, with production levels trending upward despite signs of moderation in the US shale boom. A panel of industry leaders discussed the role natural gas could play in the energy mix in the short and long term during a session held during the 2020 International Petroleum Technology Conference (IPTC) in Dhahran, Saudi Arabia. Saudi Aramco has made strides in the LNG space over the past year as production soars with the startup of multiple liquefaction plants globally. Last May, the company agreed to purchase a 25% stake in Sempra Energy's Port Arthur LNG terminal, its first move into producing hydrocarbons outside of Saudi Arabia. Early in the year, then-Saudi Energy Minister Khalid Al-Falih said the company was looking for additional gas projects in the Arctic and Australia to supply global markets.

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