Demand for infrastructure continued to be the mantra of CERAWeek by IHS Markit at a March 8 panel on North American natural gas.“The supply is there, you can develop the supply economically,” said John Schultz, president of Direct Energy. “The fundamental issue of today is one of infrastructure.”Even with natural gas prices lingering at low levels, U.S. production remains on track to reach the range of 8 billion cubic feet per day (Bcf/d) to 12 Bcf/d in the next five years. And at today’s prices, gas is competitive with and sometimes advantageous to coal as a fuel source for electric power generation in many areas.But moving those infrastructure projects along, especially where they are most needed, is challenging the industry.
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