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Page added on January 27, 2018

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Natural gas consumption sets record

Consumption

The natural gas industry received a gold star for performance during the recent cold weather across a large portion of the United States.

The Energy Information Administration (EIA) reported recently consumption of natural gas in the residential and commercial sectors set a record for the week ending on Jan. 5.

EIA said consumption reached 452 billion cubic feet (Bcf) compared with 348 Bcf during the previous week, according to estimates from PointLogic Energy. Total weekly natural gas consumption in the Lower 48 states increased by 150 Bcf, reaching 961 Bcf for the week ending Jan. 5. Another 50 Bcf was exported by pipeline.

EIA also noted natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $3.01 per million British thermal units (MMBtu) in 2017 about 50 cents per MMBtu higher than in 2016.

Overall, natural gas prices at key regional trading hubs were less volatile in 2017 than in previous years, as pipelines that came online throughout the year eased some infrastructure constraints that affect regional prices.

The Appalachian region, which includes West Virginia and Pennsylvania, continued to narrow price differences between Henry Hub and nearby trading hubs in the North East because of the significant increase in production in the area.

EIA predicts the United States will become a net exporter of natural gas on an annual basis in 2017 for the first time since 1957. The United States is exporting more natural gas to Mexico and more LNG to at least 20 countries while importing less natural gas by pipeline from Canada. Although EIA’s monthly natural gas data for December 2017 will not be available until the end of February 2018, EIA expects the United States to have exported 0.4 billion cubic feet per day (Bcf/d) more natural gas than it imported in 2017.

U.S. net pipeline imports from Canada continued to decline in 2017, in part because of the commissioning of the first phase of the Rover pipeline, which transports natural gas from the Northeast’s Appalachian supply basin to the Midwest and other markets, reducing Canadian net exports into the Midwest.

U.S. LNG exports averaged 1.9 Bcf/d in 2017, 1.4 Bcf/d higher than in 2016, as liquefaction capacity continued to expand, according to EIA. The Sabine Pass LNG terminal in Louisiana is operating at near-full capacity with additional liquefaction capacity to be added in the near future. The Cove Point LNG terminal in Maryland is scheduled to begin commercial operations soon, and four additional LNG projects are under construction in Georgia, Texas, and Louisiana. By the end of 2019, assuming all liquefaction facilities currently under development are completed, EIA expects U.S. liquefaction capacity to reach 9.6 Bcf/d, the third largest in the world behind Qatar and Australia.

Also, natural gas exports to Mexico could double soon if connecting pipelines in Mexico are finished by 2019.

U.S. marketed natural gas production increased by 1 Bcf/d (1 percent) in 2017, according to EIA’s preliminary estimates for the year.

times record



9 Comments on "Natural gas consumption sets record"

  1. Boat on Sat, 27th Jan 2018 12:36 pm 

    Lol @ the EIA predicting the US becoming a net nat gas exporter in 2017. The EIA has already confirmed the US was a net exporter of the gas. PO.com will post anything. Much of the reporting is old fake news. But the dude got his picture on the internet. His family can be so proud. Guys like MM will copy the link.

  2. MASTERMIND on Sat, 27th Jan 2018 1:01 pm 

    Boat

    Is this a picture of your family down in Texas?
    https://imgur.com/a/c8onX

    Families like that are why imbreading should be outlawed in the south!

  3. MASTERMIND on Sat, 27th Jan 2018 1:34 pm 

    We need to create a one world government! NO MORE BORDERS! NO MORE WARS!

  4. rockman on Sat, 27th Jan 2018 3:10 pm 

    Boat – “EIA predicts the United States will become a net exporter of natural gas on an annual basis in 2017 for the first time since 1957.” I’m not sure but I think you might be confusing short term net exporter(daily, weekly, monthly) with its statement: “annual basis”.

  5. Boat on Sat, 27th Jan 2018 5:21 pm 

    Rock, check out this link

    https://www.eia.gov/todayinenergy/detail.php?id=32412

  6. rockman on Sun, 28th Jan 2018 1:27 pm 

    boat – That’s an almost 6 month old PROJECTION. Apparently for the entire year of 2017 we were still a net NG importer. But looing at the EIA we must have imported a lot of NG in Nov and Dec for that to be true. Will know for certain when all data gets posted.

  7. Boat on Sun, 28th Jan 2018 2:29 pm 

    Mm,

    No more borders, no more wars must mean no Shara Law and a lot less procreating. You need to go on a pilgramage and pass that message along. A few alt rightwing rednecks will need the message as well.

  8. Cloggie on Sun, 28th Jan 2018 3:05 pm 

    “We need to create a one world government! NO MORE BORDERS! NO MORE WARS!”

    Hardcore communism still exists, 100 years after 1917-Petersburg, this time in the US (Vancouver?). Oh and millimind wants to rape Taylor Swift, because she refused to distance herself from Trump.

  9. dave thompson on Mon, 29th Jan 2018 3:19 pm 

    This article seems to be saying we are not transitioning to green energy any time soon.

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