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Thursday, June 14, 2018

Previous Concerns of Utica Gas Bottleneck Have Given Way to Concerns Over Too Much Capacity

From Platts:
Natural gas pipeline takeaway capacity additions in the US Northeast production area have yet to spur the level of further output the market was expecting, making it difficult to fill the infrastructure during certain periods, according to S&P Global Platts Analytics. 
The perspective, offered during the first day of the LDC Gas Forum Northeast conference in Boston, comes as industry leaders analyze Appalachian Basin supply, demand and pricing fundamentals heading into the next decade. 
At issue is whether easing pipeline constraints are only temporary and the extent to which LNG export growth will encourage Marcellus and Utica shale producers to drill more. 
"New production is not there to fill these projects, and this is only going to get worse," Luke Jackson, a Platts Analytics senior energy analyst, told attendees at the conference. "On the surface, you'd say the Northeast is evolving. I would argue, 'Not so fast.'"
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