There are two main incentives for this, the first being the geological feature that natural gas is in finite supplyand world productionof it is thought might peak within the next few decades, and secondly that burning fossil carbon contributes to the atmospheric concentration of CO2, which scientific consensus accords will cause global warming and climate change.
But some analysts question whether Russia will have sufficient reserves to supply the gas pipeline, given the expected decline in its production over the next 20 years and the lack of investment in new fields since the collapse of the Soviet Union in 1991.
According to the Bureau of Ocean Energy Management, Regulation and Enforcement, Gulf offshore natural gasproduction accounts for about 13% of overall U.S. natural gassupply.
In this piece, we will expand that discussion to talk about how the massive production coming out of the Eagle Ford and other oil andgas shale plays in Texas are affecting the national and international supplyand demand picture.