In the US, Henry Hub natural gas spot prices hovered around $3/MMBtu in August, according to US EIA data. In the week ending September 6, dry natural gas production grew by 2% on the week, in spite of Hurricane Harvey reducing production in the Gulf of Mexico by an average of 409 MMcfd between August 30 and September 4, according to the Bureau of Safety and Environmental Enforcement. Meanwhile, US production of NGL, LPG, ethane/ethylene and propane/propylene rose in July and August, after across-the-board decreases in May and June. GP
At CERAWeek by IHS Markit, held in Houston in March, IEA Director Fatih Birol said that the world would soon see a major second wave of shale gas production from the US in response to higher energy prices and growing demand from India and China.
Mozambique and Tanzania hold an estimated 180 Tft3 and 57 Tft3 of proven natural gas reserves, respectively.
Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants
Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications
May 22, 2018 10am CDT