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Wednesday, September 2, 2015

Northeast Expected to Be a Net Exporter of Natural Gas in 2015

From Powersource:
Natural gas production is expected to slow this month for the first time across the country as drillers struggle against low commodity prices and oversupply. 
Even so, states in the Marcellus and Utica shale plays spanning Pennsylvania, West Virginia and Ohio are expected to still produce more gas than they can use and export the fuel out of the region. 
“We are anticipating that the Northeast will be a net exporter for the average of 2015,” said Anne Swedberg, senior energy analyst for Denver-based Bentek Energy. “We are already seeing volumes leave the region this summer.” 
The rest of the country is expected to catch up later, becoming a net exporter by 2017.
Now, most Marcellus gas is going to the Midwest, the Southeast and Canada. Eventually it will have access to Mexico through pipelines and globally through liquefied natural gas exports. 
Through 2017, there will be about 3.4 Bcf/d of capacity additions on two major interstate pipelines, Kinder Morgan’s Tennessee Gas Pipeline and Spectra Energy’s Texas Eastern Transmission.
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