Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



U.S. natural gas output, demand seen rising to record highs in 2018

(Reuters) - U.S. dry natural gas production should rise to an all-time high of 81.10 billion cubic feet per day (bcfd) in 2018 from 73.57 bcfd in 2017, according to the Energy Information Administration’s Short Term Energy Outlook (STEO).

US Production
SOURCE: EWA

The latest August output projection for 2018 was down from the EIA’s forecast of 81.34 bcfd in July but would still easily top the current annual record high of 74.15 bcfd produced on average in 2015.

EIA also projected U.S. gas consumption would rise to an all-time high of 79.57 bcfd in 2018 from 74.22 bcfd in 2017.

That 2018 demand projection in the August STEO report was down from EIA’s 79.65-bcfd forecast for the year in its July report but would still easily top the current annual record high of 75.10 bcfd consumed on average in 2016.

US Consumption
Source: EWA

 

In 2019, EIA projected output would rise to 84.10 bcfd, while usage would slip to 79.47 bcfd.

After the United States became a net gas exporter for the first time in 60 years in 2017, EIA projected U.S. net exports would rise to 2.0 bcfd in 2018 and 5.4 bcfd in 2019, up from 0.4 bcfd in 2017.

In electric generation, EIA projected gas would remain the primary U.S. power plant fuel in 2018 and 2019 after it took that title from coal for the first time in 2016.

EIA projected gas’ share of generation would rise to 34 percent in 2018 and 35 percent in 2019 from 32 percent in 2017.

Coal’s share of generation, meanwhile, was forecast to slide to 28 percent in 2018 and 27 percent in 2019 from 30 percent in 2017.

EIA projected the electric sector would only burn 650.5 million short tons of coal in 2018, which would be the lowest in 35 years, and 615.8 million short tons in 2019, the lowest since 1982. That compares with 664.7 million short tons in 2017, which was the lowest amount since 1984.

U.S. carbon emissions have dropped as the power sector burns less coal.

After U.S. energy-related carbon dioxide emissions declined to 5,142 million tonnes in 2017, the least since 1992, EIA projected they would rise to 5,2473 million tonnes in 2018 and 5,206 million tonnes in 2019 because of changes in weather, economic growth and energy prices. (Reporting by Scott DiSavino Editing by Paul Simao)


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.

                                  CMEGroup                                     Icelogo

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

Register Now

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

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.