Natural Gas Industry Counts On Decline In Demand Of Coal

Gaskessel_gr(Creative Commons/Igelball)

Credit: Igelball / CC BY-SA 3.0

The players in natural gas industry are now relying on winter season for higher prices in 2011, as it might increase the demand of natural gas to heat-up the homes and offices.

Since a long time ago, the U.S. has been using natural gas for heating purposes, as offices and homes became more energy efficient.As of now, there is plenty of natural gas in the marketplace with abundant sources but the demand is comparatively less. The expert quotes that it is very important to find the ways where gas can be utilized. Amongst the thoughts, power generation is the obvious and beneficial option where the natural gas can be used.

According to Baker Hughes, which tracks rig counts, the fully operational drilling rigs in North American gas fields have fallen down by 14 percent. The experts in the industry say that the gas industry is indicating blooms and growth. Electricity generators are being encouraged to use gas as an alternative to coal for generating electricity.

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