US Industry Metrics
According to data from the EIA’s Petroleum Supply Monthly publication, released in February, US production of natural gas plant liquids (NGL) increased for the 12th straight year in 2017. Output climbed to a record 3.74 MMbpd, representing a 6.4% increase over 2016 volumes. The EIA also forecast in its Short-Term Energy Outlook that NGL production will increase by 15% this year as the ethane market continues to expand. If realized, this expansion would be the second-highest rise recorded after the 16% increase seen in 2014. GP
US gas production (Bcfd) and prices ($/Mcf)
US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu
US natural gas plant field production of NGL, LPG, ethane and propane, Mbpd
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.
GasPro 2.0: A Webcast Symposium
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