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Editorial Comment

The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017. Gas production measured as gross withdrawals reached 90.9 Bft3d last year, the highest volume on record. The country’s gas production, when measured as marketed natural gas production, also reached a new yearly high of 78.9 Bft3d.

As US gas production expanded, exports of both pipeline gas and LNG increased, for a combined expansion of 36%. LNG exports nearly quadrupled. The increases in production and export volumes led the US to become a net natural gas exporter in 2017 for the first time in almost 60 yr.

At the World Gas Conference (WGC) in Washington DC in late June, US Energy Secretary Rick Perry delivered a keynote address wherein he stated that the US gas industry has gone through a “fascinating transformation” that is “nothing short of spectacular.” Innovation in hydraulic fracturing technology has “helped unleash America’s natural gas revolution.”

ExxonMobil Chairman and CEO Darren Woods, who also addressed attendees during the Conference, said that the US shale gas revolution has boosted the US economy, transformed markets around the world and helped mitigate climate change. Mr. Woods noted that maintaining high hydrocarbon production volumes while simultaneously reducing emissions is a “dual challenge” for the worldwide energy industry. To this end, ExxonMobil R&D is focusing on carbon capture and storage in power generation, among other initiatives. GP

Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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Editorial Comment
-Adrienne Blume
As discussed in the HPI Market Data 2019 report, published in November by Gas Processing & LNG’s sister publication, Hydrocarbon Processing, rising propane and ethane supplies in the US have been enabled by greater production of shale gas.
Industry Trends: Norway targets global LNG market
-Eugene Gerden
Norway aims to become a leading player in the global LNG market during the next several years through the establishment of new, large-scale LNG terminals.
Regional Focus: Challenges of scaling up Africa’s LNG production
-Shem Oirere
Several gas projects are underway in Africa, but they continue to be constrained by inadequate infrastructure, slow finance mobilization, lack of security and uncertainty over hydrocarbon regulations that are casting doubt on the outcome of the continent’s drive to meet its anticipated 128% gas demand increase by 2040.

GasPro 2.0: A Webcast Symposium

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The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

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