U.S. natural gas production from shale and tight formation marginally declined between January to September 2024, compared to the same period in 2023, according to an Oct. 23 report published by the U.S. Energy Information Administration. If the same trend prevails for the remaining months during 2024, this would be the first year-on-year decline in…...
Net U.S. natural gas exports averaged 12.6 billion cubic feet per day (Bcf/d) during the first half of 2024, up one percent compared to the first half of 2023 according to an Sept. 25 report published by the U.S. Energy Information Administration. Net exports were two percent less than in 2023. U.S. natural gas exports…...
Twelve new fields are expected to start production in the U.S. Federal Offshore Gulf of Mexico (GOM) during 2024 and 2025, according to an Sept. 16 report published by the U.S. Energy Information Administration. In the absence of production from these new fields, the agency would expect GOM production to decline. Crude oil and natural…...
Natural gas pipeline takeaway volume in the Permian Basin is expected to increase with the Matterhorn Express Pipeline projected to become operational this month, according to a Sept. 10 report by the U.S. Energy Information Administration. This pipeline has a capacity of 2.5 billion cubic feet per day (Bcf/d). Matterhorn will carry gas from the…...
The U.S. Energy Department has authorized New Fortress Energy to export liquefied natural gas to non-Free Trade Agreement countries, according to a Sept. 3 press release from the company. The approval allows exports of up to ~1.4 million tonnes per annum to non-Free Trade Agreement countries from the company’s Fast LNG 1 facility located offshore…...
North American liquified natural gas (LNG) export capability is expected to increase from 11.4 billion cubic feet per day (Bcf/d) during 2023 to 24.4 Bcf/d in 2028, according to a Sep. 3 report published by the U.S. Energy Information Administration. The agency’s projection hinges on the expectation that projects that are currently being developed will…...
U.S. crude oil production and marketed natural gas production is projected to increase by an average of 13.7 million barrels per day (b/d) and an average of 114.3 billion cubic feet per day (bcf/d) during 2025, according to an Aug. 22 report published by the U.S. Energy Information Administration. The projected growth in natural gas…...
U.S. natural gas storage levels are projected to be at 3,954 billion cubic feet (Bcf) by Oct. 31, 2024, according to an Aug. 7 report published by the U.S. Energy Information Administration. This will be the highest storage level at the end of the injection season since November 2016. As of the end of March…...
A growing number of utility regulators across U.S. states are reviewing natural gas planning strategies to consider the effects of decarbonization and electrification policies on the gas system. Amid shifting policy and changing market conditions, regulators are exploring…Read the full report …...
A growing number of utility regulators across U.S. states are reviewing natural gas planning strategies to consider the effects of decarbonization and electrification policies on the gas system. Amid shifting policy and changing market conditions, regulators are exploring new tools to evaluate gas infrastructure investments.
Global Liquified Natural Gas (LNG) trade rose by 3.1 percent year-on-year during 2023 to an average of 52.9 billion cubic feet per day (Bcf/d), according to a July 11 report published by the U.S. Energy Information Administration. The increase in LNG trade can be attributed to rising natural gas demand and increased infrastructure capability to…...
Constellation Energy has shut down its Mystic Generating Station, a natural gas-fired power plant located in Massachusetts. Mystic is one of the nation’s oldest power plants that has supplied electricity to the Boston area since the 1940s, according to a June 24 report from the U.S. Energy Information Administration. The company retired the Mystic plant…...