Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-01-19 20:00:00

GAS PRICES WILL UP

GAS PRICES WILL UP

Natural gas prices are expected to rise in the coming months as a national supply glut is drawn down, according to the US Energy Information Administration. Although prices have been low during the first few months of this year's winter, lower production volumes and cooler weather are anticipated to bring them up slightly in 2016.

Record Production

As of January 1st of this year, over 3.6 billion cubic feet of gas were stockpiled in the US, which is about 15% higher than average inventories in the past five years. The large amounts of gas in storage, combined with a record amount of natural gas in the ground and technologically advanced, highly efficient extraction techniques, have created a supply overhang.

Warm Winter

The low natural gas prices were further compounded by El Nino, which triggered abnormally warm weather throughout much of the East Coast and caused demand for heating and natural gas to drop towards the end of 2015. 75.5 billion cubic feet per day was consumed on average last year, which is somewhat lower than anticipated future consumption averages. Due to the abundant gas supply and depressed heating demand, natural gas prices and futures have been falling for the past few weeks, dropping to their lowest point in a decade around mid-December.

Anticipated Increases

However, gas prices are expected to begin rising again within the next few weeks and months. The peak heating season in the United States (November to March) is only half over, and cooler weather is anticipated in many areas during the rest of the winter, especially in the southern half of the U.S. A recent cold snap has helped draw down some of the excess gas supply; during the last week of December, natural gas supplies fell more than expected, outstripping the forecasts by over 28%. This led to a surge in prices which was further boosted by speculators, counting on cooler weather to increase demand.

Future Demand

Additionally, production growth has slowed recently, to the point that the Energy Information Administration (EIA) predicts that it will be outpaced by consumer demand in 2016, due to increases in industrial use (especially for the chemical sector) and greater demand for residential and commercial heating.

This increased demand will reduce the natural gas surplus and allows prices to rise; the EIA forecasts that prices will jump from the 2015 average of $2.63 per million British Thermal Units to a 2016 average of $2.65.

Although analysts are making cautious predictions in the short term, the EIA also indicates that prices in 2017 may be as high as $3.22/MMBtu, representing a major leap in prices for next year.

bakken.com

-----

More: 

LNG: BIGGER NO BETTER 

GLOBAL GAS CHALLENGES 

EUROPE: MORE LNG 

2016: OIL & GAS INVESTMENTS DOWN TO $522 BLN 

U.S. WANTS EUROPE

 

 

 



Tags: GAS, PRICES

Chronicle:

GAS PRICES WILL UP
2018, January, 22, 08:20:00

RUSSIAN NUCLEAR POWER - 2017

WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.

GAS PRICES WILL UP
2018, January, 22, 08:15:00

INDIA'S NUCLEAR POWER - 2017

WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.

GAS PRICES WILL UP
2018, January, 22, 08:10:00

CHINA'S NUCLEAR POWER - 2017

WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.

GAS PRICES WILL UP
2018, January, 22, 08:05:00

U.S. - RUSSIA'S NUCLEAR

PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.

All Publications »