The Energy Information Administration (EIA) has released an update of its Natural Gas Market Centers special report, which examines the role and importance of these market centers to shippers, pipelines and other transporters of natural gas in North America. Offers a good overview of the issue. A copy can be found here.
The Energy Information Administration has released several new publications: Natural Gas Year-In-Review 2008; Natural Gas Market Centers: A 2008 Update; EIA’s Natural Gas Production Data; and Natural Gas Residential Choice. Copies can be found here.
The EIA's Short-Term Energy Outlook for this month has been released. Regarding natural gas, it concludes:
Total consumption of natural gas is projected to fall by nearly 2 percent in 2009, leading to lower natural gas prices. Industrial natural gas consumption is expected to decline by more than 7 percent, as industrial production declines during the current economic downturn. However, natural gas consumption in the electric power sector is projected to increase by almost 1 percent, since the lower natural gas prices will back out some coal consumption in this sector. The Henry Hub natural gas spot price is projected to decline from an average of $9.13 per thousand cubic feet (Mcf) in 2008 to $4.24 per Mcf in 2009, then increase in 2010 to an average of more than $5.80 per Mcf.
A copy of the report can be found here.
The EIA's March 2009 Short-Term Energy Outlook is now available. Among other things, it finds that:
The U.S. economic downturn is the principal cause for the decline in domestic natural gas consumption, particularly in the industrial sector—where it is projected to fall by 6 percent in 2009—which in turn has led to lower natural gas prices. The Henry Hub natural gas spot price is projected to decline from an average of $9.13 per thousand cubic feet (Mcf) in 2008 to about $4.70 per Mcf in 2009, but then increase in 2010 to an average of almost $5.90 per Mcf.
EIA has issued its Short-Term Energy Outlook for February 2009: "The expectation of limited weather-driven consumption growth in the residential and commercial sectors in 2009 is outweighed by the implications of continued economic weakness in the industrial and electric power sectors. Consumption in the industrial and electric power sectors is expected to decline by 5.1 and 1.0 percent, respectively, in 2009."
Natural gas pipeline capacity and related constraints are a "hot topic" right now, particularly in the Appalachian Basin. The Department of Energy's Energy Information Administration (EIA) has put together a presentation to illustrate graphically major areas of transmission pipeline growth between 1998 and 2008. An example:
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