US forecasts high natural gas levels and low prices and considers IMO sulfur cap impact
The latest US Government short-term energy outlook addressed issued such as high US natural gas inventories and out put as well as low prices and the impact on refined fuel from the forthcoming International Maritime Organization sulfur cap to reduce pollution in ports.
High US natural gas consumption and rising LNG shipments coincide with production surge
Rising US natural gas domestic consumption and LNG shipments overseas, along with cross-border pipeline exports, are coinciding with increasing production, keeping prices stable even amid relatively low storage levels.
US forecasts rising LNG exports supported by increasing domestic natural gas production
Growing US natural gas output in 2018 and 2019 will support increasing shorter-term forecasts of more liquefied natural gas exports from Sabine Pass in Louisiana and Cove Point in Maryland.
US Commodity Futures Trading Commission lists main market impacts of LNG exports
The US Commodity Futures Trading Commission (CFTC) issued a report assessing the market impacts due to the US transitioning from being a net importer to a net exporter of liquefied natural gas.
US expects rising natural gas production will support surge in LNG exports as well as storage
The US expects rising natural gas production will support the forecast surge in LNG and pipeline exports in next 12 months as well as re-establishing storage levels after the smallest April injections for inventories since 1983.
US expects all natural gas markets to expand with LNG and pipeline exports leading way
The US government said that after becoming a net natural gas exporter in 2017, the nation’s liquefied natural gas and pipeline exports continue to rise throughout 2018 to 2030, according to a revised report.
US natural gas forecast
April 11 (LNG) - The US benchmark Henry Hub natural gas spot price is expected to average $2.99 per million British Thermal units in 2018 and $3.07 per MMBtu in 2019, according to the latest short-term outlook from the US Energy Information Administration. US dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017. “The EIA forecasts dry natural gas production will average 81.1 Bcf/d in 2018, establishing a new record,” said the report. It also forecasts natural gas output will rise by 1.7 Bcf/d in 2019. “Growing US natural gas production is expected to support both growing domestic consumption and increasing natural gas exports,” said the report. Natural gas inventories at the end of March, considered to be the end of the US winter heating season, were estimated to be almost 1.4 trillion cubic feet, which was 19 percent lower than the previous five-year average.
US natural gas output heads for highest average growth on record as LNG exports expand
As US LNG exports gather pace over the next year, the US government said the nation’s dry natural gas production will average 81.7 billion cubic feet per day, establishing a new high and that level would be 8.1 Bcf/d higher than in 2017 and the highest annual average growth on record.
