The year has started with low hydrocarbon commodity prices; news of struggles of production companies to remain in business; a modest start to United States oil exports following congressional action in late 2015; and, expectations that the first LNG exports from Sabine Pass will materialize within the next 45 days or so.
In addition, natural gas accounted for more power generation than coal in six of the first 11 months of 2015, according to the Energy Information Administration. Energy resources are plentiful, cheap, and a great consumer value in the U.S. What’s not to like? Time will tell and many factors not the least of which may be overall U.S. economic conditions will be in play. Stay tuned.
Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.
Please direct questions and comments to Chris McGill at cmcgill@aga.org or Richard Meyer at rmeyer@aga.org.
