Duke CEO: Utilities Should Remain Cautious on Natural Gas

Posted on May 23, 2011 in Markets and Competition | Comments Off

James Rogers, CEO of Duke Energy Corp., said last week that American utilities should not over-rely on natural gas with the expectation that shale gas plays will solve America’s energy supply challenges. Rogers told Bloomberg that “[i]f shale gas turns out to be a mirage,” the United States will have to import more LNG from the global market. Rogers suggested that because the price of LNG is tied in part to world oil prices, LNG could be an expensive fuel option.

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Duke CEO: Utilities Should Remain Cautious on Natural Gas

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