Energy Prospectus

Jackie Stewart, state director for Energy In Depth said for most of 2016, the U.S. natural gas prices were at their lowest level since 1999, contributing to an output reduction of 2.3 billion cubic feet per day. “The problem in Ohio is not the decline of natural gas production. The problem is in our takeaway capacity and end use,” she said. “Overall the market and geology determine where oil and natural gas development is economically viable. The past few years have been extremely difficult on operators, due to several factors such as the low commodity priced environment we have been in as well as the over-supply and lack of demand.” Stewart also mentioned Ohio is in dire need of energy infrastructure, such as pipeline development and end use options. “Ethane crackers and natural gas power plants in conjunction with pipeline development will help tremendously to encourage more drilling in Ohio,” said Stewart. To date there is more than $10 billion invested in natural gas power plants in various stages of development going on, which will create 6,700 jobs, according to Stewart.

https://www.mariettatimes.com/news/2017 ... lows-down/

Over the last 10 weeks the delta to the 5-year average amount of gas in storage has declined by 131 BCF or 1.8714 BCF per day. At the current rate, the amount of gas in storage will dip below the 5-year average right around the end of September.

Frobes: Will U.S. Liquefied Natural Gas Find A Market In Asia?

The short answer is yes. After 18 months of exporting, some 35% of all U.S. LNG has reached Asia. It's clear that the Asian giants want to reduce their coal over-reliance by using more natural gas. The time is now to diversify because local gas prices are almost as low as those in the U.S. - after being 4-5 times higher just a few years ago. You could call $6 LNG the “sweet spot” for building new demand. Moreover, the ability of the Asian giants to produce more of their own gas is in serious doubt. For example, there are great shale opportunities in China, but the future is limited due to water shortages, a pipeline dearth, low prices, physical remoteness of the resource, uncertainties for foreign experts in dealing with China's precarious state-owned enterprises, and a variety of other factors.