2012 Gas Outlook

Released annually, the Gas Outlook is a detailed ten-year look at expected natural gas demand, supply availability and prices in the Northwest. The Outlook offers unique insight, representing a consensus view of the regional natural gas market developed by industry participants directly serving Washington, Oregon, Idaho and British Columbia.

“We have seen unprecedented change in the natural gas industry over the past few years,
” said Frank Morehouse, NWGA Board President. “The Gas Outlook helps industry observers gain insight on what those changes mean for our region,” he added.

Breakthroughs in drilling technology have unlocked vast reserves of shale gas, replacing past concerns over declining production with plentiful supply. Regional demand for natural gas is expected to grow annually by an average of 0.9 percent per year, leading to a cumulative growth of 8.1 percent by 2021. The role of natural gas as a fuel to generate electricity is a key question discussed in the 2012 Gas Outlook.

Read Entire 2012 Gas Outlook Here

 

Plugging into Natural Gas

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AGA Report Details Responsible Natural Gas Development

Natural Gas and Climate Change in the Pacific Northwest

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Annual Energy Conference NATURAL GAS: Realizing the Potential

Click on the links below to download a .pdf version of the presentations from the Ninth Annual Energy Conference. Please note that some presentations are not available to be shared publicly online.

If you have any questions or would like to be put in contact with a speaker please contact Ben Hemson (bhemson at nwga.org)

Ninth Annual Energy Conference

NATURAL GAS:  Realizing the Potential

Presentations & Speakers:   

  • No Pipeline, No Problem, Kirt Montague, Plum Energy LLC & New Path Energy Capital
  • Washington State and Beyond, Representative Jeff Morris, Washington State House of Representatives

Thanks Again to our Sponsors!
Platinum:  BP/IGI Resources. 
Gold: 
Noble Americas Energy Solutions. 
Silver: Shell Energy North America, CMS, United Energy Trading, and TransAlta. 
Bronze:
Argus Media, Stoel Rives.

The Week in Gas: Week of April 30, 2012

Plenty of gas news to go around this week, of course natural gas powered vehicles remain a hot topic; we’re also getting a clearer picture of what the summer may hold for natural gas electric generation. Also, keep an eye out for the 2012 version of our annual Gas Outlook; it will be released in the coming weeks. Now on to the links:

Access to alternative transportation fuel stations varies across the lower 48 states” (EIA-Today in Energy)

Follow the link for interactive maps of planned and existing automobile alternative fueling stations. The most exciting takeaway: Plenty of CNG and LNG stations are on the horizon, not a bad way to gas up with current natural gas fuel gallon equivalents coming in at less than half what gasoline costs.

“Natural Gas-Powered Vehicles a Priority for Some Governors” (Governing.com)

Keeping the Natural Gas Vehicle theme going, NGVs are getting a long look from some state governors as a way to reduce costs and emissions, nice to see the momentum continuing to grow.

Key Point: A group of 13 governors is hoping to interest automakers in a plan aimed at boosting demand for vehicles powered by compressed natural gas. It’s an effort meant to capitalize on record low natural gas prices at a time when high oil prices cause sticker shock at the fuel pump.

“Analysts hold better outlook for natural gas prices” (Calgary Herald)

While these historically low prices for natural gas have been good for consumers, there have been some concerns that the prices are unsustainable for producers in the long term. As this article explains, there could be a small rebound this year as the market settles at a more stable long term price. Note that the long term price should still be far below what we paid for gas before the advent of shale gas production.

Key Point: …demand for natural gas has been masked by a mild winter, but power generators have been shifting to the fuel from coal by as much as five million cubic feet per day, year to date, in the U.S., Canada’s main market.

The analyst noted a 900 billion cubic feet surplus of gas in storage in the United States over the five-year average was equivalent to the heating demand lost by residential and commercial users this past winter.

At any rate, natural gas prices have sunk so low, there is more room to move up than to move down, he said.

“Markets Outpace Regulators in Evaluating Export Projects” (AOL Energy)

It remains to be seen whether we’ll have any LNG export facilities in the Pacific Northwest, those talks are ongoing. However, if you want a good overview of what’s going on in the LNG export world this article is as good a place to start as any.

Key Point: …applications are pending for nine other facilities, for exports totaling 11.5 billion cubic feet/day more. Current US natural gas production is running about 82 Bcf/d, according to the Energy Information Administration, so all those exports potentially cover 17% of US production. Exports are routinely approved to nations with US Free Trade Agreements, but those countries are not big gas importers. Aspiring exporters want authorizations to sell to non-FTA countries.

“The Week in Gas” is posted each Friday, spotlighting some of the most interesting gas related stories we come across each week.

Follow the NWGA on Twitter: @Ben_at_NWGA