EIA s Natural Gas Outlook Through 2025

Size: px
Start display at page:

Download "EIA s Natural Gas Outlook Through 2025"

Transcription

1 EIA s Natural Gas Outlook Through 225 Howard Gruenspecht Deputy Administrator Energy Information Administration for The Fertilizer Institute Outlook Conference October 26, 24 Annapolis, MD

2 End-Use Consumption by Sector and Region, 22 Residential Commercial Industrial Electric Power 3 Tcf 2 Tcf 1 Tcf.5 Tcf Source: Natural Gas Annual, 22.

3 U.S. Seasonal Natural Gas Load Patterns By Sector (MMcfd) 5, 1, 15, 2, 25, 3, 35, Jan-1 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-2 Mar-2 May-2 Jul-2 Sep-2 Nov-2 Jan-3 Mar-3 May-3 Jul-3 5, 1, 15, 2, 25, 3, 35, Jan-1 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-2 Mar-2 May-2 Jul-2 Sep-2 Nov-2 Jan-3 Mar-3 May-3 Jul-3 5, 1, 15, 2, 25, 3, 35, Jan-1 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-2 Mar-2 May-2 Jul-2 Sep-2 Nov-2 Jan-3 Mar-3 May-3 Jul-3 Source: EIA. 5, 1, 15, 2, 25, 3, 35, Jan-1 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-2 Mar-2 May-2 Jul-2 Sep-2 Nov-2 Jan-3 Mar-3 May-3 Jul-3 Residential Industrial Commercial Electric Power

4 Short-Term Outlook for Natural Gas WELLHEAD PRICE: $5.52 per Mcf in 24; $5.63 per Mcf in 25 CONSUMER PRICES: Higher than last winter; Prices (+11%) Total Expenditures (+15%) CONSUMPTION: Increased demand this heating season, and in 25 SUPPLY : Growth in 25 Current storage inventory about 8% higher than 5-year average Production increase in 25 after decline in 24 New well completions remain high but production from existing wells is declining Modest, but steady increases in LNG imports CAVEAT: Outlook incorporates NOAA weather forecast. Extremes in market or weather conditions could change this outlook.

5 Dollars per Thousand Cubic Feet Natural Gas Spot Prices Are Expected to Average $6.1 This Year (Base Case and 95% Confidence Interval*) Average Spot Price: about $6.1 /Mcf in 24 about $6.18 /Mcf in Projections. Jan-99 May-99 Sep-99 Jan- May- Sep- Jan-1 May-1 Sep-1 Jan-2 May-2 Sep-2 Jan-3 May-3 Sep-3 Jan-4 May-4 Sep-4 Jan-5 May-5 Sep-5 Monthly *The confidence intervals show +/- 2 standard errors based on the properties of the model. The ranges do not include the effects of major supply disruptions. Sources: Short-Term Energy Outlook, October 24.

6 U.S. Natural Gas Prices $16 $14 $12 Re sidential $1 $8 $6 $4 Commercial Industrial Electric Utilities Dollars Per Mcf $2 Wellhead $ Jan-96 Jan-97 Jan-98 Jan-99 Jan- Jan-1 Jan-2 Jan-3 Jan-4 Jan-5 Source: Short-Term Energy Outlook, October 24.

7 Working Gas in Underground Storage Is Above Normal Notes: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 1999 through 23. Source: Weekly storage values from March 15, 22, to the present are from Form EIA-912, "Weekly Underground Natural Gas Storage Report." Values for earlier weeks are from the Historical Weekly Storage Estimates Database.

8 Active Rig Count Is Higher than Ever But Production Growth Is Limited Number Gas Rotary Rigs U.S. Dry Gas Production & Rotary Rigs Average Annual Rig Count Sources: Baker Hughes Gas Rig Count, and Short-Term Energy Outlook, October 24 Dry Gas Production Trillion Cubic Feet Production

9 A Growing Percentage of Production Flows from Wells Three Years Old or Less Percent Total Wellhead Capacity < 1 Year Old < 2 Years Old < 3 Years Old Source: EIA.

10 Pipeline Imports Decline as LNG Imports Increase 4,5 4, 3,5 3, LNG Imports: 23: 51 Bcf 24: 67 Bcf 25: 84 Bcf Projections Billion Cubic Feet 2,5 2, 1,5 1, Pipeline LNG Source: Short-Term Energy Outlook October, 24.

11 Increases in Annual Demand Are Not Expected Until 25 12% 1% History Projection 9 8 8% 7 Percent Change 6% 4% 2% % -2% Billion Cubic Feet per Day -4% 1-6% Source: Short-Term Energy Outlook, October 24.

12 U.S. Winter Natural Gas Demand Growth 8.% 6.% 4.% 2.% Res. And Comm. Industrial Elec. Power Total.% -2.% -4.% -6.% -8.% Projections Average Weather, increased power sector demand drives winter gas demand Source: Short-Term Energy Outlook, October 24.

13 Natural Gas Production, Consumption, and Imports, (trillion cubic feet) History Consumption Projections Net Imports 2 15 Production Natural Gas Net Imports, 22 and 225 (trillion cubic feet) Source: EIA, 24 Annual Energy Outlook Pipeline Liquefied Natural Gas

14 U.S. Natural Gas Consumption by Sector, (trillion cubic feet) 12 1 History Projections Industrial 8 6 Electric Generators Residential 4 Commercial 2 CNG Vehicles Source: EIA, 24 Annual Energy Outlook.

15 Technically Recoverable U.S. Natural Gas Resources as of January 1, 22 (trillion cubic feet) Proved 183 Inferred nonassociated Undiscovered nonassociated Unconventional Other unproved Offshore Onshore Offshore Onshore Coalbed methane 475 Shale gas Tight gas Alaska Lower 48 associated-dissolved Total: 1,279 trillion cubic feet Source: Energy Information Administration

16 U.S. Dry Natural Gas Production, (trillion cubic feet) History Projections 1 9 Onshore Unconventional Nonassociated Onshore Conventional Associated/Dissolved Non-associated Offshore Alaska Source: 24 Annual Energy Outlook

17 U.S. Unconventional Natural Gas Production, (trillion cubic feet) 7 6 History Projections Tight sands Coalbed methane 1 Gas shales Source: 24 Annual Energy Outlook

18 Incremental Natural Gas Production by Region, and (trillion cubic feet) West Coast* Mid-continent.29.2 Northeast Rocky Mountain Southwest Gulf Coast Offshore * Includes Offshore Source: 24 Annual Energy Outlook

19 Net U.S. Imports of Natural Gas, (trillion cubic feet) History Projections Liquefied Natural Gas Canada Mexico Source: 24 Annual Energy Outlook

20 Lower 48 Natural Gas Wellhead Prices, (22 dollars per thousand cubic feet) Reference case (nominal dollars) $8.44 $ Slow technology $5.1 Reference case $4.4 Rapid technology $ History Projections Source: 24 Annual Energy Outlook

21 KEY CHANGES IMPACTING NATURAL GAS MARKETS BETWEEN AEO25 and AEO24 DEMAND: CHANGE Lower capital costs for gas powered generation plants Lowered growth in bulk chemical industry IMPACT More gas use for generation. Less industrial gas use SUPPLY: Higher costs and resources Combined impact is mixed Higher costs for onshore gas and lower finding rates Upward pressure on gas prices Tax and loan incentives for Alaska gas pipeline Alaska pipeline available earlier Higher costs and lower domestic production only Higher natural gas prices partially offset by increased LNG imports IMPORTS/EXPORTS: Reduced LNG costs, increased expansion potential LNG more attractive CANADA: reduced coalbed methane production Lower exports to the U.S.

22 In Summary: EIA s Natural Gas Outlook Short-Term Continued market tightness. Some demand recovery. Modest production increase. Imports: LNG increases, pipeline decreases. Long-Term Technology advances and access to additional supply sources will moderate gas prices. U.S. LNG market is expected to grow. Electricity use of gas, coal and renewables expected to increase.

23

Natural Gas: Winter 2012-13 Abundance! and Some Confusion

Natural Gas: Winter 2012-13 Abundance! and Some Confusion Natural Gas: Winter 2012-13 Abundance! and Some Confusion NASEO Winter Fuels Outlook Washington, D.C. October 10, 2012 Bruce B. Henning Vice President, Energy Regulatory and Market Analysis BHenning@icfi.com

More information

And Then There Was Abundance: Examining Natural Gas in 2012. Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga.

And Then There Was Abundance: Examining Natural Gas in 2012. Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga. And Then There Was Abundance: Examining Natural Gas in 2012 Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga.org NOTICE: In issuing and making this presentation and publication

More information

Annual Energy Outlook 2015

Annual Energy Outlook 2015 For Columbia University New York, NY By Adam Sieminski U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Key results from (AEO215)

More information

Natural Gas Year-In-Review 2006

Natural Gas Year-In-Review 2006 Natural Gas Year-In-Review 2 This report provides an overview of the natural gas industry and markets in 2 with special focus on the first complete set of supply and disposition data for 2 from the Energy

More information

Natural Gas Markets in 2006

Natural Gas Markets in 2006 Order Code RL33714 Natural Gas Markets in 2006 Updated December 12, 2006 Robert Pirog Specialist in Energy Economics and Policy Resources, Science, and Industry Division Natural Gas Markets in 2006 Summary

More information

North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future

North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future Updated Supply Demand Outlook Background Executive Summary June 28, 2011 Sufficient midstream natural gas infrastructure,

More information

Short-Term Energy Outlook

Short-Term Energy Outlook November 2012 Short-Term Energy Outlook Hurricane Sandy resulted in the loss of electric power to about 8.5 million customers on the East Coast and the shutdown of two refineries, major petroleum distribution

More information

Displacement of Coal with Natural Gas to Generate Electricity

Displacement of Coal with Natural Gas to Generate Electricity Displacement of Coal with Natural Gas to Generate Electricity The American Coalition for Clean Coal Electricity (ACCCE) supports a balanced energy strategy that will ensure affordable and reliable energy,

More information

Outlook for the North American and Ontario Natural Gas Markets

Outlook for the North American and Ontario Natural Gas Markets Outlook for the North American and Ontario Natural Gas Markets Union Gas Customer Meeting London, Ontario June 2016 Presented by: Mike Sloan ICF International Michael.Sloan@ICFI.COM 703.218.2758 Contents

More information

Natural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing

Natural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing Natural Gas / Electricity and the Industrial Sector The Dismantling of US Manufacturing Paul Cicio President Industrial Energy Consumers of America August, 2007 Who Are Energy Price Sensitive Industries?

More information

Understanding. Natural Gas Markets

Understanding. Natural Gas Markets Understanding Natural Gas Markets Table of Contents Overview 1 The North American Natural Gas Marketplace 3 Understanding Natural Gas Markets Natural Gas Demand 9 Natural Gas Supply 12 Summary 25 Glossary

More information

U.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator

U.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator U.S. Energy Outlook May 21, 214 New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov The U.S. has experienced a rapid increase

More information

Modeling the US Natural Gas Network

Modeling the US Natural Gas Network Modeling the US Natural Gas Network James Ellison Sandia National Laboratories, Critical Infrastructure Modeling and Simulation Group Abstract In order to better understand how the US natural gas network

More information

BUEC 560: Term Paper # 1

BUEC 560: Term Paper # 1 Marius Valentin Todirascu MBA Class 1 st year 23/24 NRE - specialization BUEC 56: Term Paper # 1 Gas Trade and Pipelines in North America - 1 - Table of Contents I. Introduction II. Present situation.

More information

Natural Gas Pipeline and Storage Infrastructure Projections Through 2030

Natural Gas Pipeline and Storage Infrastructure Projections Through 2030 Natural Gas Pipeline and Storage Infrastructure Projections Through 2030 October 20, 2009 Submitted to: The INGAA Foundation, Inc. 10 G Street NE Suite 700 Washington, DC 20002 Submitted by: ICF International

More information

Effect of Increased Natural Gas Exports on Domestic Energy Markets

Effect of Increased Natural Gas Exports on Domestic Energy Markets Effect of Increased Natural Gas Exports on Domestic Energy Markets as requested by the Office of Fossil Energy January 2012 This report was prepared by the U.S. Energy Information Administration (EIA),

More information

2010 Natural Gas Market Review

2010 Natural Gas Market Review 2010 Natural Gas Market Review August 20, 2010 Submitted to: Ontario Energy Board P.O. Box 2319 2300 Yonge Street 27th. Floor Toronto ON M4P 1E4 Submitted by: ICF International 277 Wellington St. W Toronto,

More information

The Benefits of Natural Gas Production and Exports for U.S. Small Businesses

The Benefits of Natural Gas Production and Exports for U.S. Small Businesses The Benefits of Natural Gas Production and Exports for U.S. Small Businesses Raymond J. Keating Chief Economist Small Business & Entrepreneurship Council May 2013 www.sbecouncil.org Contents Executive

More information

Natural Gas Markets Update for the Ethanol Industry. Identifying Market Fundamentals and Managing Price Risk

Natural Gas Markets Update for the Ethanol Industry. Identifying Market Fundamentals and Managing Price Risk Natural Gas Markets Update for the Ethanol Industry Identifying Market Fundamentals and Managing Price Risk Presentation Outline Natural Gas Market Update Demand Issues Supply Issues Implications for Ethanol

More information

Annual Energy Outlook 2004

Annual Energy Outlook 2004 DOE/EIA-0383(2004) January 2004 Annual Energy Outlook 2004 With Projections to 2025 January 2004 For Further Information... The Annual Energy Outlook 2004 (AEO2004) was prepared by the Energy Information

More information

LONG-TERM ASSESSMENT OF NATURAL GAS INFRASTRUCTURE TO SERVE ELECTRIC GENERATION NEEDS WITHIN ERCOT

LONG-TERM ASSESSMENT OF NATURAL GAS INFRASTRUCTURE TO SERVE ELECTRIC GENERATION NEEDS WITHIN ERCOT LONG-TERM ASSESSMENT OF NATURAL GAS INFRASTRUCTURE TO SERVE ELECTRIC GENERATION NEEDS WITHIN ERCOT Prepared for The Electric Reliability Council of Texas JUNE 2013 Black & Veatch Holding Company 2011.

More information

AOBA Utility Committee

AOBA Utility Committee AOBA Utility Committee Energy Markets in Tailspin Major Economic Recession Continues to Pull Energy Prices Downward Where Will It End? Presented By Bruce R. Oliver President, Revilo Hill Associates, Inc.

More information

CERI Commodity Report Natural Gas

CERI Commodity Report Natural Gas January 1 CERI Commodity Report Natural Gas Turm-oil in Natural Gas Markets Paul Kralovic On December 3, 15 the daily spot price at Henry Hub dropped to US$1.3 per MMBtu, its lowest point since December

More information

On October 21, 2008, the Federal Reserve

On October 21, 2008, the Federal Reserve Anticipated Recession Effects Gas Prices Natural Gas Prices in a Recession This is a preprint of an article published in Natural Gas & Electricity 2008, Dec., Wiley Periodicals, Inc. http://www3.interscience.wiley.com/cgi-bin/jhome/105559587

More information

Suzanne Minter. Manager, Oil and Gas Consulting BENTEK Energy. Natural Gas Outlook

Suzanne Minter. Manager, Oil and Gas Consulting BENTEK Energy. Natural Gas Outlook Suzanne Minter Manager, Oil and Gas Consulting BENTEK Energy Natural Gas Outlook North American Natural Gas The Fertilizer Institute November, 2014 2013 Platts, McGraw Hill Financial. All rights reserved.

More information

The Central Role of Energy Efficiency in the Energy Outlook and EIA s Energy Data Program

The Central Role of Energy Efficiency in the Energy Outlook and EIA s Energy Data Program The Central Role of Energy Efficiency in the Energy Outlook and EIA s Energy Data Program For MIT Energy Initiative Symposium May 12, 2014 Cambridge, MA By Howard Gruenspecht, Deputy Administrator U.S.

More information

Natural Gas Monthly. October 2015. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585

Natural Gas Monthly. October 2015. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585 Natural Gas Monthly October 2015 Office of Oil, Gas, and Coal Supply Statistics www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration

More information

Oil and Gas U.S. Industry Outlook

Oil and Gas U.S. Industry Outlook Oil and Gas U.S. Industry Outlook VERSION 01 YEAR 13 OUTLOOK: Positive fundamentals & outlook www.eulerhermes.us Key points WTI Crude is expected to continue to converge to Brent crude prices, narrowing

More information

Electricity Analysis Office Electricity Supply and Analysis Division California Energy Commission

Electricity Analysis Office Electricity Supply and Analysis Division California Energy Commission NATURAL GAS PRICE VOLATILITY Randy Roesser Electricity Analysis Office Electricity Supply and Analysis Division California Energy Commission Presented at: California Energy Commission Sacramento, CA June

More information

The Economic Impact of the Natural Gas Industry in West Virginia August 21, 2008

The Economic Impact of the Natural Gas Industry in West Virginia August 21, 2008 The Economic Impact of the Natural Gas Industry in West Virginia August 21, 2008 FINAL REPORT Prepared for: West Virginia Oil & Natural Gas Association Independent Oil & Gas Association of West Virginia

More information

The Growth of U.S. Natural Gas: An Uncertain Outlook for U.S. and World Supply

The Growth of U.S. Natural Gas: An Uncertain Outlook for U.S. and World Supply The Growth of U.S. Natural Gas: An Uncertain Outlook for U.S. and World Supply For 2015 EIA Energy Conference Washington, D.C. By John Staub, Team Lead, Exploration and Production Analysis U.S. Energy

More information

Natural Gas Monthly. May 2016. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585

Natural Gas Monthly. May 2016. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585 Natural Gas Monthly May 2016 Office of Oil, Gas, and Coal Supply Statistics www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration

More information

Gulf Natural Gas Region

Gulf Natural Gas Region Gulf Gas Market: Overview and Focal Points Page 1 of 15 Gulf Natural Gas Region Colonial Gas Mainline TX NGPL TXOK Carthage LA Waha Tennessee Zone 0 Katy Freeport Cameron Sabine Pass Henry Texas Eastern

More information

Oil and Natural Gas Outlook: Implications for Alaska The Alliance Meet Alaska. Remarks by Marianne Kah Chief Economist

Oil and Natural Gas Outlook: Implications for Alaska The Alliance Meet Alaska. Remarks by Marianne Kah Chief Economist Oil and Natural Gas Outlook: Implications for Alaska The Alliance Meet Alaska Remarks by Marianne Kah Chief Economist Cautionary Statement The following presentation includes forward-looking statements.

More information

NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS

NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS I. Summary NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS This brief white paper on natural gas prices is intended to discuss the continued and sustained level of natural gas prices at overall higher levels.

More information

Outlook for Natural Gas Supply and Demand for 2015-2016 Winter

Outlook for Natural Gas Supply and Demand for 2015-2016 Winter Outlook for Natural Gas Supply and Demand for 2015-2016 Winter Energy Ventures Analysis, Inc. (EVA) Executive Summary Natural gas supplies will be adequate to meet expected demand this winter. This is

More information

Led by growth in Texas, the Southeast, and Northeast, power burn is headed for a January record

Led by growth in Texas, the Southeast, and Northeast, power burn is headed for a January record EIA - Natural Gas Weekly Update for week ending January 28, 2015 Release Date: January 29, 2015 Next Release: February 5, 2015 In the News: Led by growth in Texas, the Southeast, and Northeast, power burn

More information

One important issue in the debate about expediting the U.S. Department of Energy s LNG permitting

One important issue in the debate about expediting the U.S. Department of Energy s LNG permitting ACCF CENTER FOR POLICY RESEARCH SPECIAL REPORT NOVEMBER 2013 LNG EXPORTS: HOW MUCH WILL THEY IMPACT U.S. NATURAL GAS PRICES? BY MARGO THORNING, PH.D. SENIOR VICE PRESIDENT AND CHIEF ECONOMIST AMERICAN

More information

Expanding Natural Gas Service: Opportunities for American Homes and Business

Expanding Natural Gas Service: Opportunities for American Homes and Business Expanding Natural Gas Service: Opportunities for American Homes and Business NARUC Staff Subcommittee on Gas Washington, D.C. February 3, 2013 Bruce B. Henning Vice President, Energy Regulatory and Market

More information

USAEE Meeting. Houston, TX. Presented by: George Lippman President of Lippman Consulting, Inc. (915) 838-1619

USAEE Meeting. Houston, TX. Presented by: George Lippman President of Lippman Consulting, Inc. (915) 838-1619 USAEE Meeting Houston, TX April 14, 2011 Presented by: George Lippman President of (915) 838-1619 How Shales have changed U.S. Gas Supply But at what cost? Lower 48 States Production Major Shale Production

More information

U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Proved Reserves, 2010

U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Proved Reserves, 2010 U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Proved Reserves, 2010 August 2012 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared

More information

Statistics Training. Annual Natural Gas Statistics

Statistics Training. Annual Natural Gas Statistics Statistics Training 15 18 November, 2010 Paris, France Annual Natural Gas Statistics Laura Thomson Energy Statistics Division International Energy Agency Natural Gas Statistics Plan of the presentation

More information

June2015. Publishedby: PennsylvaniaPublicUtilityCommision P.O.Box3265 Harisburg,PA 17105-3265 www.puc.pa.gov

June2015. Publishedby: PennsylvaniaPublicUtilityCommision P.O.Box3265 Harisburg,PA 17105-3265 www.puc.pa.gov June2015 Publishedby: PennsylvaniaPublicUtilityCommision P.O.Box3265 Harisburg,PA 17105-3265 www.puc.pa.gov TechnicalUtilityServices PaulT.Diskin,Director Preparedby: MathewP.Stewart,GasReliabilityEngineer

More information

Supply Options for the U.S. Northeast

Supply Options for the U.S. Northeast Supply Options for the U.S. Northeast NECA Annual Conference on Fuels Tim Stringer Manager, Commercial East Agenda 2009 Supply/Demand Outlook TransCanada Key Initiatives Connecting new supply Northern

More information

Summary. Table 1 Summer 2005 Prices of Energy Products

Summary. Table 1 Summer 2005 Prices of Energy Products Summary The pump was primed for significant energy price effects well before Hurricanes Katrina and Rita hit the Gulf Coast production areas in September. The Gulf storms exacerbated already tight supply

More information

Outlook for the North American and Ontario Gas Markets

Outlook for the North American and Ontario Gas Markets Outlook for the North American and Ontario Gas Markets Union Gas Customer Meeting London, Ontario June 5, 2014 Presented by: Frank Brock Senior Energy Market Specialist ICF International Frank.Brock@ICFI.COM

More information

A Case for Midstream Energy

A Case for Midstream Energy Case Studies March 2014 Listed Infrastructure: A Case for Midstream Energy Case Studies is a Cohen & Steers series that evaluates compelling investment themes in our various sectors of expertise. This

More information

Direct Energy Business Monthly Webinar. Expressly for Channel Partners February 25, 2016

Direct Energy Business Monthly Webinar. Expressly for Channel Partners February 25, 2016 Direct Energy Business Monthly Webinar Expressly for Channel Partners February 25, 2016 Webinar Agenda Tim Bigler, Sr. Market Strategist Commodity Market Update Beau Gjerdingen, Meteorologist Spring weather

More information

Oil & Gas Market Outlook. 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016

Oil & Gas Market Outlook. 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016 Oil & Gas Market Outlook 6 th Norwegian Finance Day Marianne Kah, Chief Economist March 2, 2016 Challenging Market Environment Concerns that global economic growth will slow and reduce global oil and natural

More information

Oil and Gas Price Forecast Update: Where are Oil and Gas Prices Heading?

Oil and Gas Price Forecast Update: Where are Oil and Gas Prices Heading? RESERVOIR ENGINEERING SOFTWARE & SERVICES Oil and Gas Price Forecast Update: Where are Oil and Gas Prices Heading? Dale Struksnes, Manager - Reserve Evaluations April 13, 2010 Media Commentary on Oil and

More information

CHAPTER 3: NATURAL GAS IN MONTANA: CURRENT TRENDS, FORECASTS AND THE CONNECTION WITH ELECTRIC GENERATION

CHAPTER 3: NATURAL GAS IN MONTANA: CURRENT TRENDS, FORECASTS AND THE CONNECTION WITH ELECTRIC GENERATION CHAPTER 3: NATURAL GAS IN MONTANA: CURRENT TRENDS, FORECASTS AND THE CONNECTION WITH ELECTRIC GENERATION Many of the electricity generation plants proposed for Montana are planning to use natural gas.

More information

REVIEW OF NATURAL GAS SUPPLY PORTFOLIO OPTIONS FOR CENTRA GAS CENTRA GAS MANITOBA, INC.

REVIEW OF NATURAL GAS SUPPLY PORTFOLIO OPTIONS FOR CENTRA GAS CENTRA GAS MANITOBA, INC. Page 1 of 106 REVIEW OF NATURAL GAS SUPPLY PORTFOLIO OPTIONS FOR CENTRA GAS Prepared for: CENTRA GAS MANITOBA, INC. Submitted By: ICF INTERNATIONAL 9300 Lee Highway Fairfax, VA 22031 USA (703) 218-2758

More information

Unconventional Gas: An Exportable North American Revolution?

Unconventional Gas: An Exportable North American Revolution? Unconventional Gas: An Exportable North American Revolution? Prepared By: Vello A. Kuuskraa, President ADVANCED RESOURCES INTERNATIONAL, INC. Arlington, VA Prepared for: The Changing Fundamentals of Global

More information

ECONOMIC OUTLOOK. Quantifying the Shale Gas Revolution s Impact on U.S. Industrial Energy Consumption MAY 2014

ECONOMIC OUTLOOK. Quantifying the Shale Gas Revolution s Impact on U.S. Industrial Energy Consumption MAY 2014 MAY ECONOMIC OUTLOOK Quantifying the Shale Gas Revolution s Impact on U.S. Industrial Energy Consumption THE CARLYLE GROUP 1001 PENNSYLVANIA AVENUE, NW WASHINGTON, DC 20004-2505 202-729-5626 WWW.CARLYLE.COM

More information

Natural Gas Markets: Leveraging the Production Revolution into an Industrial Renaissance

Natural Gas Markets: Leveraging the Production Revolution into an Industrial Renaissance Natural Gas Markets: Leveraging the Production Revolution into an Industrial Renaissance International Technical Conference Houston, Texas October 11, 2013 Center for Energy Studies David E. Dismukes,

More information

Gasification as a Strategic Energy and Environmental Option

Gasification as a Strategic Energy and Environmental Option Gasification as a Strategic Energy and Environmental Option William G. Rosenberg 79 John F. Kennedy Street Center for Business & Government Belfer Center for Science & International Affairs Kennedy School

More information

Shale Gas A Game Changer

Shale Gas A Game Changer Shale Gas A Game Changer CWC World LNG Series: America Summit, Hilde Nafstad, President, Statoil Natural Gas LLC March 17, 2010 Forward looking statements This Operating and Financial Review contains certain

More information

Assessment of New York City Natural Gas Market Fundamentals and Life Cycle Fuel Emissions

Assessment of New York City Natural Gas Market Fundamentals and Life Cycle Fuel Emissions Assessment of New York City Natural Gas Market Fundamentals and Life Cycle Fuel Emissions Prepared for: New York City Mayor s Office of Long-Term Planning and Sustainability Submitted by: ICF International

More information

Global Shale Energy Development: Expanding Economics, Trends, and Implications

Global Shale Energy Development: Expanding Economics, Trends, and Implications Global Shale Energy Development: Expanding Economics, Trends, and Implications New and Historic Energy Direction with Shale Increasing share of U.S. natural gas production. 50%? 70%? (2040) Energy security

More information

Energy Value Chains. What is a Value Chain?

Energy Value Chains. What is a Value Chain? Energy s Overview of Fundamentals Center for Energy Economics, UT-Austin. No reproduction, distribution or attribution without permission. 1 What is a? The process of linking specific functions from input

More information

MLP Investing: Source: U.S. Energy Information Administration, Monthly Energy Review, March 2016

MLP Investing: Source: U.S. Energy Information Administration, Monthly Energy Review, March 2016 August 2016 MLP Investing: The Impact of the Natural Gas Megatrend on Energy Infrastructure Curt Pabst, Managing Director, Eagle Global Advisors U.S. Shale Revolution Much has been made of the impact of

More information

LNG in Great Lakes Transportation

LNG in Great Lakes Transportation Congressional Briefing: LNG in the Great Lakes January 13, 2015 LNG in Great Lakes Transportation Richard Stewart, Ph.D., CTL Emissions Reductions: A Driver of Change European countries such as Norway

More information

North American Natural Gas: Data Show Supply Problems

North American Natural Gas: Data Show Supply Problems Natural Resources Research, Vol. 12, No. 4, December 2003 ( C 2003) North American Natural Gas: Data Show Supply Problems Walter Youngquist 1,3 and Richard C. Duncan 2 Received 25 July 2003; accepted 15

More information

Countdown to Natural Gas: Beginning this Year, the Dynamics of the U.S. Natural Gas Market Will Change Forever

Countdown to Natural Gas: Beginning this Year, the Dynamics of the U.S. Natural Gas Market Will Change Forever Countdown to Natural Gas: Beginning this Year, the Dynamics of the U.S. Natural Gas Market Will Change Forever Alan Lammey, Sr. Energy Markets Analyst Who Is PointLogic Energy? PointLogic Energy provides

More information

OPTIONS FOR COMMERCIAL GAS DEVELOPMENT OF MARGINAL FIELDS

OPTIONS FOR COMMERCIAL GAS DEVELOPMENT OF MARGINAL FIELDS OPTIONS FOR COMMERCIAL GAS DEVELOPMENT OF MARGINAL FIELDS Gabriel N. Bujulu Principal Petroleum Engineer TANZANIA PETROLEUM DEVELOPMENT CORPORATION PRESENTATION OUTLINE! Introduction! Origin of Natural

More information

Natural gas statistics

Natural gas statistics Natural gas statistics Joint Rosstat - IEA workshop on Energy Statistics Moscow, Russia, 14-17 February 2012 Mieke Reece Oil and Gas Statistics IEA Energy Data Centre OECD/IEA 2010 Overview The importance

More information

LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39

LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 For the past few years LNG has experienced high levels of activity and investment in

More information

Crude Oil and Natural Gas Resources and Supply

Crude Oil and Natural Gas Resources and Supply Chapter One Crude Oil and Natural Gas Resources and Supply Abstract Prudent development of North American crude oil and natural gas resources should begin with a reliable understanding of the resource

More information

An Analysis of the Future of Natural Gas Prices and Wood Pellet Prices: Natural gas will become much more costly than wood pellets

An Analysis of the Future of Natural Gas Prices and Wood Pellet Prices: Natural gas will become much more costly than wood pellets An Analysis of the Future of Natural Gas Prices and Wood Pellet Prices: Natural gas will become much more costly than wood pellets By Dr. William Strauss President, FutureMetrics May 31, 2012 The growth

More information

) CNG TRADING COMPANY ) FE DOCKET NO NG )

) CNG TRADING COMPANY ) FE DOCKET NO NG ) UNITED STATES OF AMERICA DEPARTMENT OF ENERGY OFFICE OF FOSSIL ENERGY ) CNG TRADING COMPANY ) FE DOCKET NO. 92-39-NG ) ORDER GRANTING BLANKET AUTHORIZATION TO IMPORT AND EXPORT NATURAL GAS, INCLUDING LIQUEFIED

More information

Estimates of Peak Underground Working Gas Storage Capacity in the United States, 2009 Update

Estimates of Peak Underground Working Gas Storage Capacity in the United States, 2009 Update Estimates of Peak Underground Working Gas Storage Capacity in the United States, Update The aggregate peak capacity for U.S. underground natural gas storage is estimated to be 3,889 billion cubic feet

More information

Unconventional oil and gas: outlook, risks, and potential

Unconventional oil and gas: outlook, risks, and potential 20140519_SBC_International Energy Forum - Paper_v05 Unconventional oil and gas: outlook, risks, and potential May 2014 Moscow Table of Contents KEY INSIGHTS... 2 1. UNCONVENTIONAL RESOURCES ARE SIZEABLE

More information

MBA Forecast Commentary Lynn Fisher, Mike Fratantoni, Joel Kan

MBA Forecast Commentary Lynn Fisher, Mike Fratantoni, Joel Kan MBA Forecast Commentary Lynn Fisher, Mike Fratantoni, Joel Kan Stronger Data Lead to Upward Revisions in Purchase Originations Forecast for 2015 and 2016 MBA Economic and Mortgage Finance Commentary: July

More information

Cost Management Solutions LLC Your Market Informant! The Propane Price Insider Reports 2016 M-PACT. Mark Rachal Director of Research/Publications

Cost Management Solutions LLC Your Market Informant! The Propane Price Insider Reports 2016 M-PACT. Mark Rachal Director of Research/Publications Cost Management Solutions LLC Your Market Informant! The Propane Price Insider Reports 2016 M-PACT Mark Rachal Director of Research/Publications Disclaimer The quotes and information contained herein are

More information

Hitting your numbers in Oil and Gas. The future of world energy: adapting to meet the challenges.

Hitting your numbers in Oil and Gas. The future of world energy: adapting to meet the challenges. Hitting your numbers in Oil and Gas The future of world energy: adapting to meet the challenges. Hitting your numbers in Oil and Gas The future of world energy: adapting to meet the challenges. According

More information

Winter 2013-14 Energy Market Assessment Report to the Commission

Winter 2013-14 Energy Market Assessment Report to the Commission Winter 2013-14 Energy Market Assessment Report to the Commission Docket No. AD06-3-000 October 2013 Disclaimer: The matters presented in this staff report do not necessarily represent the views of the

More information

BRAZILIAN NATURAL GAS INDUSTRY: CHALLENGES AND PROSPECTS

BRAZILIAN NATURAL GAS INDUSTRY: CHALLENGES AND PROSPECTS BRAZILIAN NATURAL GAS INDUSTRY: CHALLENGES AND PROSPECTS Prof. Marcelo Colomer Energy Economics Group Institute of Economics Federal University of Rio de Janeiro Roundtable hosted by Center on Global Energy

More information

Short Term Energy Outlook Supplement: Constraints in New England likely to affect regional energy prices this winter

Short Term Energy Outlook Supplement: Constraints in New England likely to affect regional energy prices this winter January 18, 2013 Short Term Energy Outlook Supplement: Constraints in New England likely to affect regional energy prices this winter Since November, New England has had the highest average spot natural

More information

CONNECTICUT ENERGY PRICE REPORT

CONNECTICUT ENERGY PRICE REPORT CONNECTICUT ENERGY PRICE REPORT 5/26/ DENOTES FALLING PRICES COMPARED TO YEAR EARLIER DENOTES FLAT PRICES COMPARED TO YEAR EARLIER DENOTES RISING PRICES COMPARED TO YEAR EARLIER CONNECTICUT RETAIL CRUDE

More information

Causes and Consequences of the Decline in the Price of Oil since June 2014

Causes and Consequences of the Decline in the Price of Oil since June 2014 Causes and Consequences of the Decline in the Price of Oil since June 2014 Christiane Baumeister Lutz Kilian University of Notre Dame University of Michigan CEPR Brent Price of Crude Oil in 2013 and 2014

More information

Economic and Business Perspectives of the Shale Gas/Oil Industry

Economic and Business Perspectives of the Shale Gas/Oil Industry Economic and Business Perspectives of the Shale Gas/Oil Industry Opportunities, challenges and perspectives for shale gas/oil development Mel Ydreos Vice Chairman, International Gas Union VP Government

More information

Fossil Energy Study Guide: Natural Gas

Fossil Energy Study Guide: Natural Gas Natural gas is, in many ways, the ideal fossil fuel. It is clean, easy to transport, and convenient to use. Industrial users use almost half of the gas produced in the United States. A large portion is

More information

Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario

Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)

More information

Strawberry Industry Overview and Outlook. Feng Wu Research Associate Gulf Coast Research and Education Center University of Florida fengwu@ufl.

Strawberry Industry Overview and Outlook. Feng Wu Research Associate Gulf Coast Research and Education Center University of Florida fengwu@ufl. Strawberry Industry Overview and Outlook Feng Wu Research Associate Gulf Coast Research and Education Center University of Florida fengwu@ufl.edu Zhengfei Guan Assistant Professor Gulf Coast Research and

More information

Natural Gas Prices Forecast Comparison - AEO vs. Natural Gas Markets

Natural Gas Prices Forecast Comparison - AEO vs. Natural Gas Markets LBNL-55701 Natural Gas Prices Forecast Comparison - AEO vs. Natural Gas Markets Gabrielle Wong-Parodi, Alex Lekov, and Larry Dale Energy Analysis Department Environmental Energy Technologies Division Ernest

More information

North America Midstream Infrastructure through 2035: Leaning Into the Headwinds

North America Midstream Infrastructure through 2035: Leaning Into the Headwinds North America Midstream Infrastructure through 2035: Leaning Into the Headwinds Prepared by ICF International for The INGAA Foundation, Inc. Detailed Study Methodology and Results INGAA Foundation Final

More information

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY

March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY March 2015 MEGATRENDS IN THE OIL AND GAS INDUSTRY Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues,

More information

Adjusted Estimates of Texas Natural Gas Production

Adjusted Estimates of Texas Natural Gas Production Adjusted Estimates of Texas Natural Gas Production Background The Energy Information Administration (EIA) is adjusting its estimates of natural gas production in Texas for 2004 and 2005 to correctly account

More information

What s the Scenario? Winter 2015/2016 Natural Gas Market. A PointLogic Energy Presentation Jack Weixel, Vice President September 29, 2015

What s the Scenario? Winter 2015/2016 Natural Gas Market. A PointLogic Energy Presentation Jack Weixel, Vice President September 29, 2015 What s the Scenario? Winter 2015/2016 Natural Gas Market A PointLogic Energy Presentation Jack Weixel, Vice President September 29, 2015 First off, who is PointLogic Energy? Full service, energy fundamental

More information

Third IEF - IGU Ministerial Gas Forum Panel Session 2: Enhanced dialogue and cooperation for strengthened energy security.

Third IEF - IGU Ministerial Gas Forum Panel Session 2: Enhanced dialogue and cooperation for strengthened energy security. Third IEF - IGU Ministerial Gas Forum Panel Session 2: Enhanced dialogue and cooperation for strengthened energy security November 2012 Contents 1. Background National framework Infrastructure Injection

More information

Preparing for Changes in Market Design

Preparing for Changes in Market Design Preparing for Changes in Market Design EMART Conference Didier Lebout, Strategy and Development Director Gazprom Marketing and Trading France Amsterdam, 21 November 2012 In this presentation GM&T Ltd:

More information

Shale Gas: Its Not Just in North America Anymore

Shale Gas: Its Not Just in North America Anymore Shale Gas: Its Not Just in North America Anymore John Veil 410-212-0950 john@veilenvironmental.com www.veilenvironmental.com GWPC Annual Forum Atlanta, GA September 25-28, 2011 Topics for Discussion Importance

More information

2014 BP Madrid forum on energy & sustainability BP 2014

2014 BP Madrid forum on energy & sustainability BP 2014 14 BP Madrid forum on energy & sustainability BP 14 Contents Global energy trends Liquid fuels Refining implications European focus Energy Outlook 35 BP 14 Primary energy consumption growth slows and the

More information

Keeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma

Keeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma Keeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma Trisha Curtis, Research Analyst Energy Policy Research Foundation, Inc. (EPRINC) CERI Oil Conference 2012 April 23 rd, 2012

More information

Short-Term Energy Outlook Market Prices and Uncertainty Report

Short-Term Energy Outlook Market Prices and Uncertainty Report July 2014 Short-Term Energy Outlook Market Prices and Uncertainty Report Crude Oil Prices: After an upward move in mid-june, crude oil prices retreated close to previous levels. The North Sea Brent front

More information

AVAILABILITY, ECONOMICS, AND PRODUCTION POTENTIAL OF NORTH AMERICAN UNCONVENTIONAL NATURAL GAS SUPPLIES

AVAILABILITY, ECONOMICS, AND PRODUCTION POTENTIAL OF NORTH AMERICAN UNCONVENTIONAL NATURAL GAS SUPPLIES AVAILABILITY, ECONOMICS, AND PRODUCTION POTENTIAL OF NORTH AMERICAN UNCONVENTIONAL NATURAL GAS SUPPLIES Prepared for The INGAA Foundation, Inc. by: ICF International 9300 Lee Highway Fairfax, VA 22031

More information

Assessment of Undiscovered Technically Recoverable Oil and Gas Resources of the Nation s Outer Continental Shelf, 2011(Includes 2014 Atlantic Update)

Assessment of Undiscovered Technically Recoverable Oil and Gas Resources of the Nation s Outer Continental Shelf, 2011(Includes 2014 Atlantic Update) Assessment of Undiscovered Technically Recoverable Oil and Gas Resources of the Nation s Outer Continental Shelf, 211(Includes 214 Update) Using a play based assessment methodology, the Bureau of Ocean

More information

REMAINING OIL AND NATURAL GAS RESOURCES OF NEW MEXICO

REMAINING OIL AND NATURAL GAS RESOURCES OF NEW MEXICO REMAINING OIL AND NATURAL GAS RESOURCES OF NEW MEXICO Ronald F. Broadhead New Mexico Bureau of Geology and Mineral Resources A Division of New Mexico Tech Socorro, NM 87801 July 1, 2003 New Mexico Bureau

More information

Natural Gas Infrastructure Implications of Increased Demand from the Electric Power Sector

Natural Gas Infrastructure Implications of Increased Demand from the Electric Power Sector Page i Table of Contents Executive Summary... v 1. Introduction... 1 1.1 Purpose of This Study... 1 1.2 Recent Developments in the U.S. Natural Gas Sector... 2 1.3 Economics of Natural Gas Transmission...

More information

Factors influencing Australia s gas supply and demand

Factors influencing Australia s gas supply and demand Factors influencing Australia s gas supply and demand Mark Cully, Nicole Thomas and David Whitelaw * March 2016 * This is the text of a keynote speech given by Mark Cully to the 2016 Australian Domestic

More information