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Editorial comment

Adrienne Blume, Editor

Large-scale production of shale gas in the US, which began around the turn of the century, is now feeding US exports in the form of LNG. The US is anticipated to become the world's third-largest exporter of natural gas by 2020. During that year, the country could send out as many as 8.3 Bcfd of gas, or approximately 14% of the global export volume. A significant portion of this supply will come from shale gas.

The US is also proving itself a key gas exporter with its flexibility and attractive pricing. At the end of 2016, a tanker carrying LNG from the US to Asia was sharply rerouted to unload in Mexico. Importers are seeking more cargoes on short notice, for the best available price. These dynamics could encourage the formation of an LNG spot market, similar to oil, further shifting LNG trade toward a more short-term picture.

At the 2017 CERAWeek by IHS Markit, which took place in Houston, Texas in early March, executives from both gas importing and exporting companies called for contract flexibility, destination flexibility and oil-independent pricing schemes for LNG. Also, smaller companies are anticipated to become increasingly involved in global LNG trade.

IHS Markit expects LNG demand growth to expand by 10% to 15% by 2040, representing an even faster pace of growth than global gas consumption. A significant chunk of the supply needed to meet this burgeoning growth will come from US shale gas production, as addressed in this month's special focus. GP

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In the business of hydrocarbon production, accurate accounting of produced fluids and gases is critical from a process control, management and fiscal perspective.
Editorial Comment
-Adrienne Blume
The US East Coast will send out its first LNG exports in early 2018 as Dominion Energy’s Cove Point LNG export facility in Lusby, Maryland becomes operational.

The New LNG Imperative

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The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.

November 29, 2017 10am CST

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