Industry forecasts suggest that demand for natural gas will only continue to rise in the coming decades. By 2040, it could become the world’s leading source of energy.
Plain and simple: natural gas has become a force of nature within the global energy industry. In recent years, it’s outstripped the wildest expectations of industry observers and thrust itself into the forefront of conversations about how we power our planet.
The rampant growth that’s behind this surge since the turn of the millennium shows no signs of slowing, either. In fact, BP recently announced that natural gas could become the world’s primary energy source by 2040, a dumbfounding feat that only reinforces its skyrocketing popularity.
Plenty of Good News
BP’s prediction is undergirded by some ambitious forecasts for the coming years. With demand expected to grow by 1.6% every year for the foreseeable future, BP believes that natural gas will command about 25% of the market by 2030.
BP’s Vice President for Strategic Planning Dominic Emery told Reuters that nearly every gas sector is currently growing at a modest but steady annual rate of 3% to 4%. Much of this growth comes from China, where demand for gas is expected to rise about 15% year-over-year.
The growth of the commodity has unsurprisingly translated to significant gains for major industry players like ExxonMobil, ConocoPhillips, and, of course, BP. Seeking Alpha reported in December 2017 that BP had one of their “biggest years ever,” which was directly correlated with its shift in focus towards natural gas. Six of the seven major projects that the company completed in 2017 were related to the energy source.
Better Worksites for a Better Industry
Natural gas producers, of course, rely on access roads to transport product throughout the worksite. Unfortunately, these unpaved surfaces can produce dangerous volumes of dust, damaging essential infrastructure and jeopardizing worker health. If producers want to capitalize on the commodity’s meteoric rise, they’ll need to invest in an effective dust control strategy.
With decades of experience in the industry, Midwest Industrial Supply, Inc. has supplied natural gas producers across the country with turnkey dust control programs that minimize dust emissions throughout the worksite. Our suite of patented, environmentally-friendly dust control products, such as Soil-Sement®, settle into the surface of access roads and use specialized binder systems to trap particulate matter, preventing fugitive emissions from entering the atmosphere while reinforcing the roadbed.
When applied correctly, our products can prolong the working life of your haul and access roads and dramatically reduce the need for ongoing maintenance while maximizing worksite productivity.
If you’re looking to take advantage of the booming market for natural gas, you can count on Midwest for solutions to all of your dust control challenges.