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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
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
EWAnalysis
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Industry Perspectives
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Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.


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