Outlook for North American Natural Gas For LDC Natural Gas Forum November 11, 2014 Toronto, Ontario, Canada By Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information Administration…
The Americas are the second largest region in natural gas reserves and resources regional natural gas reserves and resources, 2012 trillion cubic feet Middle East and North Africa Americas Former Soviet Union Asia and…
The Americas hold an abundance of shale gas resources, undeveloped except in the U.S. and Canada Americas natural gas reserves and resources, 2012 trillion cubic feet 1,600 Estimated technically recoverable shale gas 1,400 resources…
North American shale plays LDC Natural Gas Forum November 11, 2014 4
Americas natural gas production is pulling away from other regions dry natural gas production by region trillion cubic feet 40 35 Americas 30 Former Soviet Union 25 Middle East 20 Asia and Oceania 15 Europe 10 5 Africa 0…
Total dry natural gas production in the Americas is outpacing consumption, largely driven by U.S. shale gas production production of Americas dry natural gas consumption of Americas dry natural gas trillion cubic feet trillion cubic…
These seven regions accounted for 95% of U.S. oil production growth and all U.S. natural gas production growth from 2011-2013 Source: EIA, Drilling Productivity Report LDC Natural Gas Forum November 11, 2014 7
The U.S. has experienced a rapid increase in natural gas and oil production from shale and other tight resources U.S. tight oil production U.S. dry shale gas production million barrels of oil per day billion cubic feet per day Eagle…
U.S. shale gas leads growth in total gas production through 2040, when production exceeds 100 billion cubic feet per day U.S. dry natural gas production trillion cubic feet billion cubic feet per day 2012 40 history projections 100…
Natural gas consumption growth is driven by electric power, industrial, and transportation use U.S. dry gas consumption trillion cubic feet 35.0 history projections 30.0 25.0 11.0 electric power 20.0 8.5 15.0 industrial*…
U.S. becomes a net exporter of natural gas in the near future U.S. dry natural gas trillion cubic feet per year billion cubic feet per day history 2012 projections 40 100 30 75 Consumption 20 50 Domestic supply 10 25 Net…
Projected U.S. natural gas trade depends on assumptions regarding resources and future technology advances Reference case High Oil and Gas Resource case billion cubic trillion cubic feet per year trillion cubic feet per year feet per…
Currently, most of the US exports are via pipeline, but liquefied natural gas export projects have been proposed. Proposed non-FTA LNG export facilities as of March 2014 Potential export-oriented natural gas liquefaction facilities…
Most liquefaction projects are in North America and will increase the regions total capacity 8-fold by 2019 Liquefaction (bcf/d) Country Operating Construction Engineering Peru 0.6 Trinidad and Tobago 2.0 Colombia 0.1 United…
Currently, the Panama Canal can accommodate only 9% of the worlds LNG carrier fleet; after the expansion, it will be able to accommodate 88% of currently active carriers The Panama Canal and the Trans-Panama Pipeline are not currently…
Shale gas in eastern Canada Of the four shale plays in Eastern Canada, two have been assessed by ARI Utica in Quebec has 31.1 Tcf of technically recoverable resources Horton Bluff in Nova Scotia has 3.4 Tcf of technically…
LNG export projects in eastern Canada Goldboro LNG Terminal H-Energy LNG Terminal Planned year in service 2019 2020 Liquefaction capacity 1.3 Bcf/d 0.6 Bcf/d Storage capacity 14.6 Bcf N/A Contract 20 year supply deal with E. On AG N/A…
Resources in eastern Canada are modest compared with the Canada national total Canada marketable resources in trillion cubic feet as of 12/31/12 Ontario and Quebec 8 YK West coast 17 NT NU East coast 91 BC AB NL SK MB QC…
Key Takeaways from Updated EIA Study of added LNG exports Prices: Projected average natural gas prices at the producer level average 4% to 11% above the Reference case projection across export scenarios over 2015-40, while residential…
Areas of uncertainty in the outlook Oil and natural gas prices Chinas energy demand growth; particularly in transportation Increasing global trade of natural gas and hydrocarbon gas liquids in addition to oil Global development…
For more information U.S. Energy Information Administration home page www.eia.gov Annual Energy Outlook www.eia.gov/aeo Short-Term Energy Outlook www.eia.gov/steo International Energy Outlook www.eia.gov/ieo Monthly Energy Review…
Supplemental Slides LDC Natural Gas Forum November 11, 2014 22
A larger share of new wells produce both oil and natural gas Share of new wells by production type 100% 90% natural gas only 80% 70% oil only 60% 50% 40% marketed gas oil and natural gas production 30% 20% non-marketed…
Resource and technology assumptions have major implications for projected U.S. crude oil production beyond the next few years Reference case High Oil and Gas Resource case million barrels per day million barrels per day 2012 14 2012…
Most significant contributors to non-OPEC crude and lease condensate production: Canada, Brazil, U.S., Kazakhstan, Russia non-OPEC crude and lease condensate production, Reference case million barrels per day 24 2010 2025 2040…
In the Americas, recent gains in oil production are concentrated in countries with open investment structures crude oil production by select Americas country million barrels per day 7 United States 6 5 4 Canada 3 Mexico Venezuela…
Tight oil production will spread to nations outside of the United States and Canada over the projection tight oil production, Reference case million barrels per day 8 AEO2014 High Resource case 7 2010 2025 2040 6 5 5.0 MMbbl/d…
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