Wednesday, January 16, 2008

Crude Oil Supply - Natural Gas Usage

High natural gas prices have encouraged oil sands operators to use gas more efficiently and to look for alternative fuels. The extent to which bitumen gasification or other alternatives to natural gas use prove successful and are adopted in additional operations will materially affect the purchased gas requirement in the oil sands.

The chart shows the approximate distribution of natural gas requirements for oil sands operators, and provides the basis for developing longer-term projections of natural gas demand for oil sands operations. The incremental future upgrading category is included to recognize that the demand for higher quality, cleaner SCO, and thus the demand for hydrogen in upgrading, will rise in the future.

No comments: