Natural gas power will continue to be a growing source of new gas demand. New demand will come at the expense of coal plant retirements over the next four years. Plant owners and operators ... plan to retire almost 27gigawatts of coal fired generation capacity between 2012 and 2016. That amounts to 8.5 percent of total 2011 coal-fired capacity.....
US production will also continue to push out Canadian imports ... Another event for new demand is pipeline gas exports to Mexico already at 1.8 bcf/d and growing fast. An increase in industrial demand for natural gas is also expected to result from new reefing, petrochemical and processing infrastructure being built to handle increased natural gas, natural gas liquids and crude oil production in the US.I have often said that much of the increased natural gas production (wet and dry) is the result of all the gas that accompanies the shale oil. RBN Energy says that is only partly the answer. In fact, operators are bringing back natural gas rigs which is absolutely counterintuitive.
The two data points about Canada and Mexico were very interesting.
Another great article by RBN Energy; go to the link to read the full story.
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