Five states accounted for over 70 percent of the all-time high of 113.1 billion cubic feet per day (Bcf/d) of U.S. marketed natural gas production during 2023, according to an Dec. 10 report published by the U.S. Energy Information Administration. The state of Texas accounted for 28 percent of the total U.S. marketed natural gas…...
Global gas markets could witness tighter supply-demand fundamentals during winter 2024-25, according to a Nov. 25 report published by the U.S. Energy Information Administration. The previous two winters in the Northern Hemisphere have witnessed above seasonal normal temperatures, leading to lower demand and in turn relatively higher storage capacity. If the temperature during winter 2024-25…...
The North American Reliability Corporation’s (NERC) 2024-2025 Winter Reliability Assessment highlighted potential concerns over natural gas supplies that could impact winter readiness of some transmission regions across the U.S. The assessment evaluates the power generation and system transmission adequacy required to satisfy projected peak winter energy demands from December to February. While all assessed transmission…...
U.S. fuel ethanol exports are projected to reach a record high during 2024, according to an Nov. 6 report published by the U.S. Energy Information Administration. The growth in U.S. fuel ethanol exports can be attributed to relatively lower U.S. fuel ethanol prices, high U.S. fuel ethanol production and robust demand in countries with biofuel…...
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…...
