Major changes which are occurring in natural gas pricing and gas markets in the United States present new opportunities and challenges for the gas industry. This paper assesses the current importance of natural gas to the United States; future outlook for United States natural gas pricing, supply, and demand; potential for oil displacement by gas; and the benefits which would accrue to consumers and the nation from increased gas use. Particular attention is given to emergence of new, premium markets which will take advantage of the inherent cleanliness, efficiency, and operating advantages of natural gas.

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