The U.S. Natural Gas Market in Focus Current and Projected Supply and Demand Conditions for Flame 2012 April 17, 2012 Amsterdam, The Netherlands by Howard Gruenspecht, Acting Administrator U.S. Energy Information…
U.S. natural gas storage has reached an unprecedented high for this time of year Working Gas in Underground Storage Compared with 5-Year Range Billion Cubic Meters Billion Cubic Feet 113 4,000 3,600 93 3,200 2,800 73 2,400 53…
U.S. natural gas spot prices are very low compared to prices in other regions and oil prices Sources: EIA, Bloomberg, as of April 10, 2012 Flame - The U.S. Natural Gas Market in Focus, Howard Gruenspecht, April 17, 2012 3
U.S. Natural Gas Production and Imports (billion cubic feet per day) Total marketed production Change from prior year (line chart) (column chart) 70 16.0 68 14.0 66 12.0 64 10.0 62 8.0 60 6.0 58 4.0 56 2.0 54 0.0 52 -2.0 50…
U.S. Natural Gas Consumption (billion cubic feet per day) Total consumption Change from prior year (line chart) (column chart) 100 5.0 90 4.5 80 4.0 70 3.5 60 3.0 50 2.5 40 2.0 30 1.5 20 1.0 10 0.5 0 0.0 -10 -0.5 -20…
U.S. Working Natural Gas in Storage billion cubic feet Forecast 180% Storage level 4,000 170% 160% 150% 3,000 140% 130% 120% 2,000 110% 100% 1,000 90% 80% 70% 0 60% 50% Deviation from 2007 - 2011 average 40% -1,000 30%…
Henry Hub Natural Gas Price dollars per million Btu 10 Historical spot price STEO price forecast 8 NYMEX futures price 95% NYMEX futures price upper confidence interval 95% NYMEX futures price lower confidence interval 6…
Foreign joint venture investment in U.S. shale gas and tight oil plays Foreign Domestic Amount Partner Country Partner Shale Play (B) Year British Petroleum UK Chesapeake Woodford 1.70 2008 British Gas UK EXCO Marcellus 0.95 2009…
Technically recoverable natural gas resources reflect updated assessments U.S. dry gas resources trillion cubic feet 3000 Unproved shale gas 2500 Unproved other gas (including Alaska* and offshore) 2,214 Proved reserves (all types and…
The average delivered price of coal to electricity generators varies widely across U.S. regions transport costs are a key reason 2010 Delivered coal prices, per million Btu 3.41 2.02 2.96 2.01 N/A 1.51 1.49 N/A 2.48…
Natural gas consumption is quite dispersed; electric power and industrial use drives much of the future demand growth U.S. dry gas consumption trillion cubic feet per year History Projections 30 25 Electric 34% power 31% 20 15…
Electricity mix gradually shifts to lower-carbon options, led by growth in renewables and natural gas electricity net generation trillion kilowatthours per year History 2010 Projections 6 5 27% 4 Natural gas 24% Renewables 16% 3…
Shale gas offsets declines in other U.S. natural gas production sources U.S. dry gas production trillion cubic feet per year History 2010 Projections 30 25 49% 20 Shale gas 23% 15 26% Tight gas 21% 10 9% Non-associated…
Oil to natural gas price ratio remains high over the projection ratio of oil price to natural gas price History 2009 Projections 5 4 Oil and natural gas prices 2010 dollars per million Btu 30 History 2009 Projections 3 25 20…
Domestic natural gas production grows faster than consumption U.S. dry gas trillion cubic feet per year History 2010 Projections 30 25 Consumption 20 Domestic supply 15 10 5 Net imports 0 -5 1990 1995 2000 2005 2010 2015 2020…
For more information U.S. Energy Information Administration home page www.eia.gov Short-Term Energy Outlook www.eia.gov/steo Annual Energy Outlook www.eia.gov/aeo International Energy Outlook www.eia.gov/ieo Monthly Energy Review…
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