Price Surge Has Big Oil Paying Attention To Gas.

Pipeline & Gas JournalVol. 228 Nbr. 1, January 2001

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Price Surge Has Big Oil Paying Attention To Gas.

After years of treating natural gas as a second-class fuel, record high prices that have shown remarkable stability in a deregulated marketplace have finally attracted the attention of the major oil giants.

At the biannual Gastech 2000 conference held in Houston on Nov. 14-17, top executives of the Big 3 oil giants, ExxonMobil, Shell and BP, told approximately 1,000 attendees from around the world that natural gas has a very enviable role to play as the preferred fuel of the future and discussed the strategies they are looking to use as gas becomes a worldwide fuel.

"The next 20 years will be a time o...

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