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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


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
As discussed in the HPI Market Data 2019 report, published in November by Gas Processing & LNG’s sister publication, Hydrocarbon Processing, rising propane and ethane supplies in the US have been enabled by greater production of shale gas.
Industry Trends: Norway targets global LNG market
-Eugene Gerden
Norway aims to become a leading player in the global LNG market during the next several years through the establishment of new, large-scale LNG terminals.
Regional Focus: Challenges of scaling up Africa’s LNG production
-Shem Oirere
Several gas projects are underway in Africa, but they continue to be constrained by inadequate infrastructure, slow finance mobilization, lack of security and uncertainty over hydrocarbon regulations that are casting doubt on the outcome of the continent’s drive to meet its anticipated 128% gas demand increase by 2040.


GasPro 2.0: A Webcast Symposium

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The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

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