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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

 

GP1218 Metrics Fig 01

US gas production (Bft3d) and prices ($/Mft3)

 

GP1218 Metrics Fig 02

US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu

 

GP1218 Metrics Fig 03

US natural gas plant field production of NGL, LPG, ethane/ethylene and propane/propylene, Mbpd

 

 

 


Copyright © 2019. 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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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
On the changing landscape of global natural gas trade, the US has magnified its export power by remaining a net exporter for 13 months as of February 2019.
EWAnalysis: US LNG producers eye major growth
- Energy Web Atlas
The US LNG market has experienced rapid growth over the past decade due to the availability of inexpensive feedstock and increased worldwide demand.
Regional Focus: Nigeria moves to expand its liquefaction capacity
-Shem Oirere
The award in July 2018 of long-awaited contracts for the front-end engineering design (FEED) of Nigeria’s Train 7 gas plant expansion project to two consortia is the country’s latest attempt to address the enormous challenges of gas flaring and gas shortages for power plants and domestic consumption.


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