19/02/2020

Inductotherm Group Ltd.

Advances in infrastructure, robust OCTG industry to support energy transition

Key insights from the U.S. Energy Information Administration’s (EIA’s) 2019 annual energy outlook depicts the current energy balance and modeled behavior through 2050. There is a clear dependency on natural gas plant liquids (NGPL) production, which carries an anticipated growth period throughout EIA’s forecast. It is a bridge fuel which supports growth of distributed power generation and renewable energy technologies, a modeled energy transition that has become reliant on economically viable tight oil and shale gas operations.

Reducing the carbon footprint
Natural gas is a near-term solution for domestic energy demands in the U.S. It carries a reduced carbon footprint when compared to traditional non-renewable resources. It also stabilizes portions of the power grid that are reliant on intermittent power sources, has expedited decommissioning of coal-fired power plants and is even used as a feedstock for solid oxide fuel cells, a zero-carbon alternative to traditional power-generation methods.

Advanced drilling techniques
The economic viability of developed tight oil and shale gas resources is a key factor dictating the role natural gas plays in the national energy budget. Although these resources exist globally, the U.S. has remained at the forefront by developing innovative horizontal drilling techniques that have enabled operators to boost estimated recovery and increase well productivity in a manner that is cleaner, lower cost and safer than traditional methods.

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Exhibitor Data Sheet