Natural Gas News – April 11, 2018

Natural Gas News – April 11, 2018

US Saw Record Natural Gas Production in 2017

Energy Voice reported: Gross withdrawals reached 90.9 billion cubic feet per day in 2017, the agency’s highest volume on record. Marketed natural gas production, which does not include gas vented, flared, used for re-pressuring or removed during processing, also reached record levels. Louisiana’s gross withdrawals increased from 4.8 billion cubic feet per day to to 5.8 billion cubic feet per day, marking the largest annual gain of any state. And the Appalachian region, which includes the Marcellus and Utica shale fields in Ohio, West Virginia and Pennsylvania, also saw substantial volume growth. Nationally, gross withdrawals increased for five consecutive months starting in July and reached a record monthly high of 96.7 billion cubic feet per day in December, the Energy Department reported. Marketed natural gas production set an annual record at 78.9 billion cubic feet per day. Natural gas exports increased 36 percent amid the surge in production, making the nation a net natural gas exporter for the first time in nearly 60 years. For more on this story visit energyvoice.com or click https://bit.ly/2GRjDoe

What Will It Take to Keep Up With Shale Gas Boom? $170 Billion

Bloomberg reported: Bottlenecks on the U.S. natural gas super highway are starting to stack up, raising concerns about whether infrastructure can be built fast enough to meet surging supplies. Gas output will expand by 24 billion cubic feet, or 32 percent, through 2025 from last year, according to U.S. Energy Information Administration estimates. To support that growth, the country’s gas industry needs to spend $170 billion over the next seven years on pipelines, compressor stations, export terminals and other related infrastructure, said Meg Gentle, chief executive officer of gas exporter Tellurian Inc. For more on this story visit Bloomberg.com or click https://bloom.bg/2qrWvG2

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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