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US Industry Metrics

In the wake of January’s “bomb cyclone” weather event that brought freezing temperatures, snow and ice to a large portion of the US, Henry Hub natural gas spot prices rocketed upward as residential and commercial consumption of natural gas spiked. Demand climbed to 73.3 Bft3 on New Year’s Day, the highest level recorded since January 2014. The EIA noted that some of this demand was due to greater gas exports to Mexico and LNG feedstock gas, neither of which occurred in 2014. Meanwhile, US production of NGL increased significantly in the year through October 2017, especially LPG and ethane. GP

Metrics Fig 01
US gas production (Bcfd) and prices ($/Mcf)

 

Metrics Fig 02

US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu

 

Metrics Fig 03

US natural gas plant field production of NGL, LPG, ethane and propane, Mbpd


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FEATURED COLUMNS

Editorial comment
-Adrienne Blume
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
-Shem Oirere
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.


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