GAS IS ESSENTIAL
API - API Executive Vice President and Chief Strategy Officer Marty Durbin highlighted the reliability and resilience of natural gas power generation today before the U.S. House Energy and Commerce Subcommittee on Energy's hearing to examine reliability in a transforming electricity industry.
"The increased use of natural gas in electric power generation has not only enhanced the reliability of the overall system, but it has also provided significant environmental and consumer benefits. The abundance, affordability, low-emissions profile and flexibility of natural gas and natural gas-fired generating units make natural gas a fuel of choice. There is no question, however, that the bulk power system will continue to rely on multiple fuels, including natural gas, nuclear, coal, hydro, wind and solar, as projected by the Energy Information Administration.
"For those who believe fuel diversity is important for grid reliability, the good news is that the nation's electric power generation portfolio is far more diverse today than it was a decade ago, largely due to the increased use of affordable, reliable natural gas. Government forecasts show that diversity being maintained ten years from now and beyond.
"However, it is important to remember that fuel diversity in and of itself does not equal reliability. Reliability is derived from a diversity of attributes in generation, not a diversity of fuel sources. PJM's March 2017 report, Evolving Resource Mix and System Reliability, noted 'More diverse [fuel] portfolios are not necessarily more reliable.'
"That said, in every meaningful way, the inherent attributes of natural gas-fueled generation, including dispatchability, security of fuel supply, start times, frequency response, ramp rates and minimum load level, to name a few, make the electric grid more reliable and resilient. We believe policy focused on ensuring the reliability and resilience of the nation's electrical grid should also ensure that is accomplished at a reasonable cost, which reason and research tell us can be best achieved by allowing markets to play the dominant role in determining the fuel mix of the generation portfolio.
"Market forces and public policy, are driving the ongoing shift in our nation's power generation mix. Natural gas generation is an important and growing part of that mix. Collectively, the environmental advantages, reliability, and affordability of natural gas have allowed it to earn its market share in the electricity generation space because it provides, and will continue to provide, reliable, low-cost fuel for electricity generation and cost savings to consumers.
"The natural gas industry stands ready to work with all stakeholders to ensure our nation's electrical grid is reliable, safe, and resilient."
September, 29, 12:25:00
U.S. HIGHEST PELROLEUM DEMAND
Total petroleum deliveries in August moved up by 1.3 percent from August 2016 to average 20.5 million barrels per day. These were the highest August deliveries in 10 years, since 2007. Compared with July, total domestic petroleum deliveries, a measure of U.S. petroleum demand, decreased 0.6 percent. For year-to-date, total domestic petroleum deliveries moved up 1.3 percent compared to the same period last year.
September, 20, 08:50:00
U.S. OIL + 79 TBD, GAS + 788 MCFD
Crude oil output from the seven major US onshore producing regions is forecast to increase 79,000 b/d month-over-month in October to 6.083 million b/d. Natural gas production from the seven regions is expected to climb 788 MMcfd month-over-month in October to 59.745 bcfd.
September, 8, 09:00:00
U.S. ENERGY INVESTMENT: $1.3 TLN
“We welcome the President’s commitment to pro-growth tax reform, and look forward to working with the administration and Congress on continuing our nation’s energy leadership. Pro-growth tax reform and economic policies can further strengthen our energy infrastructure and benefit consumers. As an industry that invests billions in the U.S. economy each year, pro-growth policies would allow us to accelerate these economic investments while keeping energy affordable. Private investment in our nation’s energy infrastructure could exceed $1.3 trillion and support 1 million jobs annually through 2035.”
August, 31, 12:15:00
U.S. LNG FOR EUROPE - 4
Last week, U.S. liquefied natural gas (LNG) made its way to the somewhat unlikely market of Lithuania. The former Soviet republic traditionally bought its gas from Russian state company Gazprom; this was its first shipment from the United States. For President Donald Trump, that must have been a gratifying sign of the success of his administration’s nascent energy diplomacy.
August, 14, 14:05:00
U.S. GAS EXPORTS WILL UP
The U.S. will export more natural gas than it imports in 2017. The United States has been a net exporter for three of the past four months and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018. The United States’ status as a net exporter is expected to continue past 2018 because of growing U.S. natural gas exports to Mexico, declining pipeline imports from Canada, and increasing exports of liquefied natural gas (LNG).
July, 19, 15:00:00
U.S. OIL&GAS PRODUCTION WILL UP
Crude oil production from the seven major US onshore regions is projected to rise 113,000 b/d month-over-month in August to 5.585 million b/d.
July, 19, 14:55:00
U.S. GLOBAL LEADERSHIP
While US demand for gas is rising because of higher industrial consumption, more than half of the production increase will be used for LNG for export. By 2022, IEA estimates that the US will be on course to challenge Australia and Qatar for global leadership among LNG exporters.