Demand for natural gas is going way up

[dan_s]

US emerging as a LNG powerhouse . Rigzone .
According to the DOE, since the startup of Cheniere Energy’s Sabine Pass LNG export terminal in February 2016, about 2 trillion cubic feet (Tcf) of domestically-produced LNG have been exported to 34 different countries. Cheniere Energy was the first major LNG exporter, but they were joined last year by Dominion Energy, which opened its Cove Point LNG export terminal. This is just the tip of the iceberg, however, as the LNG export market is projected to surge over the next three decades. You can thank the shale boom for that. LNG export growth is the latest example of how the U.S. shale boom has disrupted global oil and gas markets. Advances in hydraulic fracturing and horizontal drilling turned an expected natural gas deficit into a huge surplus. The Energy Information Administration (EIA) is betting that the next big surge of demand is going to come from LNG exports. In its Annual Energy Outlook (AEO) 2019 with projections to 2050, the EIA projects that U.S. LNG exports will quintuple from an average of 2.8 Bcf/d in 2018 to 14 Bcf/d by 2050. The EIA projects a 5.1 percent annual growth rate in LNG exports from 2018 to 2050.

Natural gas generates the most electricity . Abliene Reporter News .
Natural gas continues its streak as the leading fuel to generate electricity across the U.S. The Energy Information Administration (EIA) reports natural gas accounted for 62 percent of the new utility-scale additions in 2018 followed by wind with 21 percent and solar photovoltaic with 16 percent. Overall, 31.3 gigawatts (GW) of generating capacity was added last year, which had the largest additions since 2003 with 48.8 GW. Even though the future for natural gas consumption for electricity generation looks good, total demand for fossil fuels has been declining. “The declining trend in fossil fuel consumption by the power sector has been driven by a decrease in the use of coal and petroleum with a slightly offsetting increase in the use of natural gas. Changes in the fuel mix and improvements in electricity generation technology have also led the power sector to produce electricity with consuming fewer fossil fuels,” EIA stated in a report on May 29, 2018.

Gas shortages give New York an early taste of the Green New Deal . LBK News . Opinion.
The combination of hydraulic fracturing and horizontal drilling has enabled Texas, Pennsylvania and other states to produce record quantities of natural gas, some of which is being frozen (liquefied), loaded into giant ships, and transported to customers in places like Chile, China and India. Thanks to the environmental policies of Gov. Andrew Cuomo, New York has missed out on this windfall. Now, in a preview of what life might be like under the Democrats’ proposed Green New Deal, some New Yorkers are about to face a natural gas shortage. Consolidated Edison, the energy utility that provides gas and power to the New York City area, announced last month that beginning in mid-March it would ‘no longer be accepting applications for natural gas connections from new customers in most of our Westchester County Service Area.’ The reason for the shortage is obvious: The Cuomo administration has repeatedly blocked or delayed new pipeline projects.

[Hawker99]

Yep, LNG got a long way to run yet.

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GMLP
Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Brazil, Indonesia, Jordan, Kuwait, and the United Arab Emirates. As of April 6, 2018, it had a fleet of six FSRUs and four LNG carriers. Golar GP LLC serves as the general partner of Golar LNG Partners LP. The company was founded in 2007 and is headquartered in Hamilton, Bermuda. Golar LNG Partners LP is a subsidiary of Golar LNG Limited.
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[dave_n]

Let them keep blocking the pipelines. Companies are using FSRU's to feed their needs off coast of New England. Just means more demand for LNG capacity.

[dan_s]

Natural gas is more popular than ever for power . Houston Chronicle

Consumption of natural gas set a new record last year, reflecting increased demand from natural gas fired power producers and bouts of extreme weather. Natural gas consumption increased 10 percent last year to 82.1 billion cubic feet per day, the Department of Energy reported. Electric power producers accounted for 35 percent of the natural gas consumption last year, representing 29.1 billion cubic feet per day. New natural gas generator capacity continues to replace less efficient coal-fired power plants. The U.S. added about 14.5 gigawatts of natural gas capacity last year while retiring nearly 13 gigawatts of coal-fired capacity. Last winter's bitter cold days followed by record setting heat during the summer also drove demand for natural gas, the dominant source for space heating and increasingly, air conditioning.