US Industry Metrics
A. Blume, Editor
Moving into 3Q 2018, NGL prices slid as demand stalled and production increased for most liquids. Natural gas prices also weakened at the end of October due to warmer-than-forecast temperatures in key producing regions. According to the EIA, gas production in the US Gulf of Mexico, which has been declining for nearly two decades, could receive a boost as nine new natural gas production projects are expected to start in 2018. Another seven projects will commence operations in 2019. The 16 projects have a combined estimated resource volume of 800 Bft3. GP
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US gas production (Bft3d) and prices ($/Mft3) |
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US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu |
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US natural gas plant field production of NGL, LPG, ethane/ethylene and propane/propylene, Mbpd |
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