During last week’s EnerCom Dallas oil and gas investment conference, Tom Petrie, chairman and founder of Petrie Partners, gave a luncheon presentation entitled “Scoping 21st Century Energy Geopolitics.”
At its heart, Petrie’s presentation was a look at “today’s realities” especially concerning Saudi Arabia’s oil fortunes, U.S. Middle East policy and American petroleum strategy, the evolving geopolitical power triangles, the Saudi Aramco IPO and the changing dynamic that U.S. LNG exports will drive forward. Petrie is a multi-decade expert in the Saudi Arabian petroleum industry and how geopolitics affect global oil and gas.
Read: http://www.oilandgas360.com/enercom-exc ... as-sector/
Tom Petrie
Tom Petrie
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
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Duguyisheng
- Posts: 6
- Joined: Sat May 01, 2010 11:21 pm
Re: Tom Petrie
I have 2 questions.
I read Tom Petrie’s article and always consider him very astute. He talks about exports of NG increasing from virtually zero to 3 BCF/day in 2018 and 5 BCF in 2019 and up from there. Am I reading this right? Do you agree? Doesn’t this increase in demand put a floor on NG prices??
2. The current administration is going to go a lot easier on coal and EPA regulations. Given this, do you see a lot of switching of electrical generation from NG to coal??
I read Tom Petrie’s article and always consider him very astute. He talks about exports of NG increasing from virtually zero to 3 BCF/day in 2018 and 5 BCF in 2019 and up from there. Am I reading this right? Do you agree? Doesn’t this increase in demand put a floor on NG prices??
2. The current administration is going to go a lot easier on coal and EPA regulations. Given this, do you see a lot of switching of electrical generation from NG to coal??
Re: Tom Petrie
The U.S. exports of natural gas via pipeline to Mexico and LNG is ramping up fast. Including exports, total demand for U.S. natural gas is expected to go from 83 Bcf per day in 2016 to approximately 100 Bcf per day in 2020. As I keep telling EPG members in my weekly podcasts, the natural gas market is MUCH TIGHTER this year than it was a year ago. It will show up this summer.
Total gas exports will top 10 Bcf by 2020 (pipe and LNG). Yes, it will have a significant impact on ngas prices.
Trump is more friendly to the coal industry, but it will have little impact on the trend of utilities switching more generation to natural gas. There are some utilities that have the option to move back and forth between coal and gas. It is all based on price.
The biggest threat to natural gas prices is the "associated gas" from the oil shale plays.
Total gas exports will top 10 Bcf by 2020 (pipe and LNG). Yes, it will have a significant impact on ngas prices.
Trump is more friendly to the coal industry, but it will have little impact on the trend of utilities switching more generation to natural gas. There are some utilities that have the option to move back and forth between coal and gas. It is all based on price.
The biggest threat to natural gas prices is the "associated gas" from the oil shale plays.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group