Articles and Books

Fundamentals Point To Demand Growth, Stronger Prices In Long Term

Categorized Under: Energy



In the October, 2010 issue of The American Oil & Gas Reporter, ICF International's Kevin Petak examines recent natural gas market trends. According to Mr. Petak, the big news in North American energy is on the supply side, where the industry has achieved substantial growth in productive capacity as a result of onshore unconventional plays. Increasing supply, combined with an economic recovery that is expected to progress slowly with plenty of starts and fits, implies lingering softness in natural gas commodity prices over the next 12-24 months. However, producers can take heart in fundamentals that point to a much healthier gas market in the long term.

Authored By

  • Kevin Petak

    Vice PresidentICF International

    Kevin Petak, an expert in gas market modeling, has over 26 years of experience in the energy industry. He has directed numerous energy market analyses to support strategic planning needs at energy companies. The analyses have investigated the impact of gas production, gas storage, liquefied natural gas (LNG) imports, and pipeline expansions on gas prices, the effect of weather and oil prices on gas markets, and the impact of carbon control strategies on gas markets. They have been widely used to support facilities/fuels/contracts management and planning, mergers and acquisitions, investment decisions, risk management, and hedge strategies.

    Mr. Petak has directed gas market modeling work for the National Petroleum Council, America’s Natural Gas Alliance, the American Gas Foundation, and the Interstate Natural Gas Association of America. Much of Mr. Petak’s work focuses on projecting market growth and prices for the North American natural gas market by using ICF’s Gas Market Model, a comprehensive gas modeling system that he developed. The ICF model is also the primary tool used for ICF’s gas market subscription services, which Mr. Petak manages. In the past few years, Mr. Petak has completed a number of studies that have investigated the impacts of different regulations on natural gas use and prices. In addition, studies have focused on the amount of natural gas infrastructure that is necessary under different scenarios. Mr. Petak has a M.S. in Business from the University of Texas at Dallas and a B.S. in Petroleum and Natural Gas Engineering from the Pennsylvania State University.

Insight Details

Published: Nov 18, 2010
Source: The American Oil & Gas Reporter

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