U.S. GAS INVESTMENT: $170 BLN

BLOOMBERG - Bottlenecks on the U.S. natural gas super highway are starting to stack up, raising concerns about whether infrastructure can be built fast enough to meet surging supplies.

Gas output will expand by 24 billion cubic feet, or 32 percent, through 2025 from last year, according to U.S. Energy Information Administration estimates. To support that growth, the country's gas industry needs to spend $170 billion over the next seven years on pipelines, compressor stations, export terminals and other related infrastructure, said Meg Gentle, chief executive officer of gas exporter Tellurian Inc.

"One threat to the U.S. being able to export LNG and expand its export capability is the overall commitment to invest in infrastructure to move natural gas," Gentle said in an interview at the Bloomberg New Energy Finance Future of Energy Summit in New York Tuesday.

It's a warning that for parts of the country the pipeline woes aren't over yet. Appalachian producers have been grappling for the better part of the shale boom of the past decade with limited pipeline access. Spot prices there slumped to record lows last year and have started to rebound as new capacity starts up.

Permian Problem

Now the Permian Basin, know for its oil-rich layers of rock, is facing the threat of having to slow down the output of crude because drillers lack capacity to handle all the the gas that's flowing as a mere byproduct.

For companies building multibillion-dollar plants to chill gas into liquid and ship it abroad, the abundance of cheap gas from the Permian in West Texas is an advantage. Developments there "will happen" because it's an environment supportive to energy infrastructure, she said. That may not happen fast enough for Appalachia.

Producers are getting increasingly concerned about worsening pipeline constraints, Drillinginfo co-founder Allen Gilmer said during a panel at the BNEF summit. Its harder for the industry to get its hands around this because these limits aren't being driven by operating or engineering issues but more by "social change and cultural conditions," he said.

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Earlier:

2018, April, 11, 13:20:00 U.S. GAS PRODUCTION RECORD EIA - Two out of three of EIA’s measures of natural gas production in the United States set records in 2017. U.S. natural gas production measured as gross withdrawals reached 90.9 billion cubic feet per day (Bcf/d) in 2017, the highest volume on record according to EIA’s Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report. U.S. natural gas production measured as marketed natural gas production also reached a new high, but dry natural gas production did not exceed 2015 levels.

2018, March, 28, 11:10:00 U.S. LNG EXPORTS UP EIA - U.S. exports of liquefied natural gas (LNG) reached 1.94 billion cubic feet per day (Bcf/d) in 2017, up from 0.5 Bcf/d in 2016. As LNG exports increased, shipments went to more destinations. U.S. LNG exports in 2017, all of which originated from Louisiana’s Sabine Pass liquefaction terminal, reached 25 countries.

2018, March, 23, 08:25:00 U.S. LNG FOR EUROPE ANEW OGJ - “It’s at a critical point; $150 billion of new infrastructure will be needed domestically. With all the growth in the Permian, there’s not capacity to ship gas to Louisiana,” Hochstein said. “If governments in both the US and Europe aren’t willing to put infrastructure in place, real progress won’t be made.”

2018, March, 21, 12:40:00 U.S. GAS EXPORT - 2017 EIA - The United States exported more natural gas than it imported in 2017, marking the first time since 1957 that the United States has been a net natural gas exporter. The transition to net exporter occurred as natural gas production in the United States continued to grow, reducing pipeline imports from Canada and increasing exports, both by pipeline and as liquefied natural gas (LNG).

2018, March, 4, 11:15:00 U.S. GAS WILL UP BY 40% EIA - EIA expects a 40% increase in natural gas consumed in the U.S. industrial sector, from 9.8 quadrillion British thermal units (Btu) in 2017 to 13.7 quadrillion Btu in 2050.

2018, January, 12, 13:00:00 ТРАНСФОРМАЦИЯ МИРОВОГО РЫНКА МИНЭНЕРГО РОССИИ - На энергетическом рынке происходят существенные трансформации, появляются новые технологии, что в итоге приводит к изменению энергобаланса. В частности, за последние 10 лет добыча газа в мире выросла на 20% -- до 580 млрд м3, его доля в энергобалансе расширилась с 21 до 22%. При этом мировая торговля газом за тот же период увеличилась на 42%, или на 313 млрд м3.

2018, January, 12, 12:30:00 U.S. GAS EXPORTS BLOOMBERG - “Never before has the global LNG market had such significant flexible LNG volumes as the volumes coming online in the next three years, mostly from the U.S., which will lead to a fundamental shift in how LNG is marketed and traded globally,”