Natural Gas Long-Term outlook is bright

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dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

Natural Gas Long-Term outlook is bright

Post by dan_s »

U.S. natural gas goes global . Forbes . Opinion.

As much as demand for fossil fuel alternatives is increasing, demand for natural gas is increasing more. Gas dominates the American energy scene and will continue to grow faster than all other energy sources in the United States. At prices less than $3/MMBtu, natural gas is undercutting nuclear and coal. Renewables can only compete with huge subsidies and state mandates. Besides, renewables need gas fired power plants to load-follow them so gas loves wind and solar.

By 2025, America will have to double gas production to meet demand
. Many sweet spots will be played out by then, so prices may have to rise above $4 or $5/MBtu to incentivize new production. The industry’s savior may well be connecting to the global market. LNG terminal planning and construction in the United States has skyrocketed beginning in 2010. This expansion explains why the EIA projects that U.S. LNG capacity will rise from about 14 billion cubic meters (bcm or 400 billion cubic feet) per year to about 110 bcm (3,000 bcf) by 2020. Ultimately, the goal is 200 bcm/year (5,600 bcf/year) by 2030.

Read: https://www.forbes.com/sites/jamesconca ... ddde377d64
Dan Steffens
Energy Prospectus Group
jmwSeattle
Posts: 16
Joined: Wed Jan 16, 2019 10:34 pm

Re: Natural Gas Long-Term outlook is bright

Post by jmwSeattle »

I take it Japan has 30 terminals to receive LNG, because I don’t think they produce any.

From the article——

“Today, there are 20 LNG and regasification terminals operating or under construction in North America, with another eleven approved for near-term construction. That’s a big change. Of course, Japan alone has 30, so we have a ways to go to dominate the global market like we think we could.”
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