Growing gas-fired power capacity in US provides ready competition for LNG export demands
The US is increasing its domestic natural gas demand for gas-fired power plants as the number of facilities has now overtaken coal-fired plants and the power industry competes with liquefied natural gas export projects for abundant feed-gas resources.
Shale pipelines boost
Nov 10 (LNGJ) - Tennessee Zone 4 Marcellus shale-gas spot prices increased $1.71 from $0.52 per million British thermal unit to $2.23 per MMBtu in the week. “Marcellus prices likely increased this week as a result of a combination of cold weather in the Northeast and the commencement of service of the Access South and Adair Southwest pipelines,” said the Energy Information Administration. “These pipelines add approximately 0.6 billion cubic feet per day of takeaway capacity for the region and should help mitigate the regional discount,” said the EIA.
