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US Industry Metrics

A. Blume, Editor

The US Energy Information Administration (EIA) expects strong growth in US natural gas production to pressure prices through the remainder of 2019. Henry Hub natural gas spot prices are anticipated to average $2.77/MMBtu in 2019 and 2020, down $0.38/MMBtu from 2018. US dry natural gas production is expected to average 90.6 Bft3d in 2019, up 7.2 Bft3d from last year. Domestic natural gas exports averaged 9.9 Bft3d in 2018, and the EIA forecasts that they will rise by 2.5 Bft3d in 2019 and by 2.9 Bft3d in 2020. The increase in exports reflects greater LNG exports as new facilities come online, as well as expected growth in pipeline exports to Mexico. GP

GP0819 Metrics Fig 01

US gas production (Bft3d) and prices ($/Mcf)

 

GP0819 Metrics Fig 02

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

 

GP0819 Metrics Fig 03

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


Copyright © 2019. 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
The continued expansion of natural gas trade is led primarily by growth in the LNG sector, which has tripled over the past 3 yr.
Industry Focus: The future of gas-to-power projects in Africa
-Shem Oirere
Natural gas is expected to play a central role in supporting Africa’s drive to achieve electricity connection for nearly 600 MM people without access to the grid, to reduce widespread reliance on coal for power generation, and to fast-track the continent’s slowed industrial expansion.
Regional Focus: Gazprom faces challenges for combined LNG/processing plant in Baltics
-Eugene Gerden
Russia’s largest natural gas producer, Gazprom, aims to build a giant project on the Russian Baltic seaport of Ust-Luga. The plans include the construction of a combined LNG and gas processing plant.


GasPro 2.0: A Webcast Symposium

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Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.

The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.

Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.

October 24, 2019 08:30 AM CDT

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