At the same time these investments are being made to exploit the cheap natural gas resource, the chemical industry is ramping up tens of billions of its own investments, counting on affordable gas as a critical feedstock.
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However, it raises costs in yen terms of the imported crude oil and natural gas that resource-scarce Japan must rely on to keep its industries humming and power its cities.
Considering the huge natural-gas resource base in North America, the EIA has projected the U.S. to become net exporter of natural gas by 2022, helped by unlocking of the shale natural gas reserves in the country.
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The company is fully aware that, unlike oil, the most critical aspect of natural gas distribution is not the resource itself, but rather the pipelines through which the gas is transported.
The degree of commitment the nation should make to natural gas as a strategic resource (accepting but managing the impact of development), is very much a function of the size of the prize.
Several lawmakers seemed convinced, describing natural gas as "a precious resource, " a bridge to a renewable energy future--and a replacement for coal.
Almost all of the increase in domestic natural gas production is expected to come from shale gas, a resource which has seen its output rise rapidly as technologies like hydraulic fracturing have made it viable to exploit the resources relativity economically.
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Investments in structures fell by 44.2%, with expensive natural resource projects such as oil and gas rigs accounting for much of the descent.
Natural gas has become a cheap and abundant domestic resource, too.
With at least a one hundred year reserve of domestic shale gas in America, a huge price difference between natural gas and diesel or gasoline, and the opportunity for significant energy security benefits offered by a domestic resource, businesses, consumers and governments have realized the need to incorporate natural gas into the national transportation mix.
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Even the Australian Resources Minister and lifetime union member, Gary Gray, declined to defend the high pay rates on resource projects, particularly offshore liquefied natural gas (LNG) developments.
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Natural Gas: With the advent of shale gas technology, this has turned out to be a much larger resource than we had thought.
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The well-established pattern of such development suggests that the natural gas discoveries to date represent only a fraction of the total recoverable resource.
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Coal: Coal is our most abundant energy resource and therefore should not be shunned in favor of natural gas for electric power generation.
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It further expands GE's solutions portfolio for unconventional resources, consisting of more than 40 technologies that are addressing fundamental industry challenges, helping customers and the industry improve operational performance, reduce their environmental footprint and increase resource recovery while creating innovative technologies to drive demand for natural gas.
Most of the displaced shipments of natural gas are expected to find a home in Asia's fast-growing but resource-poor economies.
Geldhof added that Palin, for the most part, ignored natural resource issues as governor, instead giving higher priority to oil taxation and gas development.
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