SOURCE: Industrial Info Resources

Industrial Info Resources

December 16, 2010 05:10 ET

POWER-GEN: Dramatic Expansion of Shale Gas Resources "Changes the Game" for Gas Producers and Consumers, an Industrial Info News Alert

ORLANDO, FL--(Marketwire - December 16, 2010) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Natural gas prices will remain relatively low and stable for several years, thanks to the massive supply additions from shale formations, according to panelists at a POWER-GEN International 2010 session on Tuesday in Orlando.

"I can't think of a recent strategic development that more affects the oil & gas production business than the huge discoveries of shale gas," Jeff Brown, a principal at Pangea Global LLC (Haymarket, Virginia), told a standing-room-only audience of about 100 people. The huge gas resource additions from shale formations "will keep gas prices low and stable for a good many years," he predicted.

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