In the past year, there has been heightened interest in US natural gas resources, as new technology and expertise has expanded from 30 years to 100 years the number of years the US could continue to provide as much natural gas power as it is today. Foreigners are taking notice.
The interesting thing about this is the way they are expressing their interest. Instead of outright buyouts, these companies – including BP and BG from the UK; StatoilHydro, the Norwegian energy company; and Eni, the Italian oil company – have all bought into US natural gas plays through partnerships in which they share not only the reserves but the development of them. Read more