Category Archives: science

Chris McGill Natural Gas Market Indicators: August 15, 2014

With underground storage exceeding 2.5 Tcf by August 15 and nearly 80 days remaining in the traditional injection season, an inventory of 3.5 Tcf or more to enter the winter appears very likely. A strong summer long injection season has been supported by cooler than normal temperatures, minimal supply disruptions due to hurricane activity and continued growth in domestic production.

When the 2014-15 winter begins, the nearly 4 Bcf per day of incremental production growth dating back to the beginning of the year will still be with us and will be a part of supply assets in place to meet winter heating season demand. Efficiency measures will still be putting downward pressure on average consumption per customer and in the local gas utility segment, more distribution pipeline will have been modernized creating a safer system. So many moving parts – and so many moving in the right direction.

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.

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Lisa Dundon PSEG to Award $160,000 in Grants to Further STEM Education in New Jersey

How would your non-profit educational organization like to receive thousands of dollars in grants this summer? The Public Service Electric and Gas (PSEG) Foundation is currently accepting applications from afterschool, summer and youth development programs to develop new or enhance existing science, technology, engineering and math (STEM) educational opportunities for students.

The PSEG Foundation, the philanthropic arm of AGA member company PSEG, will consider applications from their New Jersey service territory, as well as Salem and Cumberland counties, and the service and operation territories in Long Island and Albany, New York, as well as Bridgeport and New Haven, Connecticut.

Each proposal will be evaluated based on the following factors:

  • Focus on academic enrichment with already existing programming
  • Strong, relevant and inspiring STEM content with focus on hands-on, experiential learning
  • Emphasis on the application and mastery of problem solving, critical thinking and teamwork skills
  • Number of students served
  • A commitment to continuous improvement, with a focus on outcomes and evaluation
  • Demonstrated level of involvement with local schools and/or families
  • Capacity to implement and sustain new programming
  • Demonstrated program sustainability

The Foundation anticipates awarding funding to eight organizations, although the number of recipients and their award amount will be decided based on the strength of the proposals received at the discretion of Foundation staff. Applications must be completed and submitted by Friday, August 15 at 5 p.m. EST. All applicants will receive notification about funding decisions in late September 2014.

Applicants interested in applying can do so directly through PSEG’s online application by clicking here. Check back with the AGA blog later this fall for an update on all the winning organizations.

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Richard Meyer Natural Gas Market Indicators: Dec. 31, 2013

The newest estimation of the natural gas supply/demand balance from the Energy Information Administration (EIA) recorded in the 2014 AEO Outlook Early Release is a mixture of many interesting observations, modeled results and assumptions. In some cases, the view is more optimistic than it was in 2013. Noting many evolving market conditions, for example, EIA envisions strong and earlier than previously expected total LNG and pipeline natural gas exports. This is supported by a domestic production picture that grows more than 50 percent from 2012 to 2040 on the back of unconventional resource development.

Demographic changes are influencing model results as well. For example, EIA sees a reduction in the growth of vehicle miles traveled due primarily to an aging population. Couple this observation with increases in fuel economy for light duty vehicles and the recipe makes for a reduction in energy consumed in the personal vehicle market from about 16 quadrillion Btus in 2012 to 12.1 quads in 2040.

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.

Reader Notice

AGA is very grateful for the reader interest in our Natural Gas Market Indicators report, which is now marking the 218th issue published. Although we will continue to circulate the document twice per month via e-mail, a new look is in the works and new tools for you to forward the report to others are being developed. Please be on the lookout for initial changes in the format beginning January 2014. Our content and purpose will remain the same, which is to provide you a snapshot of critical natural gas industry developments from a local gas utility perspective. Thank you again for your interest in our market views and your readership.

Please direct questions and comments to Chris McGill at cmcgill@aga.org or Richard Meyer at rmeyer@aga.org.

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Chris McGill Natural Gas Market Indicators: Aug. 15, 2013

Temperatures across the nation have cooled during the past three weeks, pulling down the warmer than normal conditions for the summer to 9.4 percent more cooling degree days – warmer than normal – since the first week of May. Regionally, the Pacific (31.9 percent warmer) and New England (54.7 percent warmer) regions have been warmest compared to normal, with the Middle Atlantic and Mountain regions also very warm. The center of the country has experienced, cumulatively, much more near normal conditions for the summer season to date.

With that said, hurricane activity this year in the Atlantic basin has been relatively calm though more activity is expected. Hurricane season normally gets more serious during August and September, but influences on domestic supply and prices (even short term impacts) have been muted in recent years because of the emergence of shale gas supplies, which are centered onshore in the U.S.

As of August 2, the Colorado State University (CSU) hurricane forecast team has reduced its estimate of nine hurricanes to eight, and four major storms to three for the remainder of the 2013 season. According to the CSU analysts, the Atlantic tropical water has cooled from original predictions in the eastern Atlantic and the chances of an El Nino event are very small. Each of those conditions points to some reduction in original activity forecasts.

Let’s see what August and September bring!

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.

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