The Prospector News

U.S. Natural Gas Supply is Expected to Reach 110 Billion Cubic Feet Per Day by 2035, According to Navigant’s Global Energy Practice

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

U.S. Natural Gas Supply is Expected to Reach 110 Billion Cubic Feet Per Day by 2035, According to Navigant’s Global Energy Practice

 

 

 

 

 

 

     

 

A new report from Navigant’s global Energy Practice, the North American Natural Gas Market Outlook, Year-End 2014, examines the state of the natural gas industry and provides forecasts for supply and demand through 2035.

 

 

 

Driven by ongoing gas shale growth in the Northeast, production of natural gas in the United States continued its strong growth trajectory in 2014, increasing by 6.1 billion cubic feet per day (Bcfd), or 9.2 percent, over the course of the year. More growth in gas production is expected in the future, particularly from the Marcellus shale formation, with the only possible constraint the rate of infrastructure development in the region. According to the North American Natural Gas Market Outlook, Year-End 2014, published by Navigant’s Energy Practice, U.S. natural gas supply is expected to increase from 72 Bcfd in 2015 to nearly 110 Bcfd by 2035.

 

 

 

“Supply side growth continues to drive most other aspects of the natural gas industry in North America,” says Gordon Pickering, Director with Navigant’s Energy Practice. “As we explain in the Natural Gas Market Outlook, this strong supply basis is giving rise to a new chapter of the gas industry, with the culmination of a half decade of new LNG project development and the beginning of a new, global market for natural gas.”

 

 

 

The opening of this new market is signaled by the opening of new export capacity on the U.S. Gulf Coast, according to the Natural Gas Market Outlook. The opening of Sabine Pass will signify the point at which North America becomes connected to the global gas market for the first time in history—with truly global consequences for gas markets in North America and around the world. Those consequences will become fully apparent as more LNG export projects come online, the report concludes.

 

 

 

Other findings from the Natural Gas Market Outlook, Year-End 2014, include:

 

  • Annual average natural gas prices at Henry Hub are expected to stabilize over the near to mid-term, and grow steadily over the long-term—albeit reaching only moderate levels compared to historical gas price levels seen earlier this century.
  • Additional infrastructure in the Marcellus and Utica shale gas regions, coming online around 2017, is expected to relieve bottlenecks and allow stranded gas to move to market, enabling prices to recover to levels similar to the broader North American gas market.
  • U.S. natural gas demand is expected to grow steadily through 2035, particularly for electricity generation, reaching around 90 Bcfd annually by 2035.

     

Developed by Navigant’s global Energy Practice, The North American Natural Gas Market Outlook, Year-End 2014 uses an integrated process and a full suite of commercial software and proprietary energy market models to analyze the electric and fossil fuel markets. Navigant’s natural gas and power models are based on key assumptions driving natural gas prices and consumption from gas-fired generation over the outlook period. The Outlook includes updated forecasts for natural gas prices, dry conventional and shale gas production, natural gas demand, and gas storage activity.

 

 

 

About Navigant

 

 

Navigant is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals deliver expert and advisory work through implementation and business process management services. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries, including Construction, Energy, Financial Services and Healthcare.

Posted April 1, 2015

Share this news article

MORE or "UNCATEGORIZED"


Western Copper and Gold Closes $28.75 Million Financing

Western Copper and Gold Corporation (TSX: WRN) (NYSE Americ... READ MORE

November 24, 2020

Labrador Gold Raises $2.94 Million from Exercise of Share Purchase Warrants

Labrador Gold Corp. (TSX-V: LAB) is pleased to announce that it has rais... READ MORE

November 24, 2020

Osisko Infill Drilling Windfall. Good Results Include 86.2 g/t Au over 14.5 Metres and 327 g/t Au over 2.2 Metres

Osisko Mining Inc. (TSX:OSK) is pleased to provide new analytical... READ MORE

November 24, 2020

Premier Continues Successful Delineation of Higher Grades at Mercedes

Premier Gold Mines Limited (TSX: PG) (OTCPK: PIRGF) is pleased to... READ MORE

November 24, 2020

O3 Mining Intersects 383.4 g/t Au Over 2.0 Metres Including 1,510 g/t Au over 0.5 Metres at Marban Project

O3 Mining Inc. (TSX.V:OIII) is pleased to provide new drill... READ MORE

November 24, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions