Wednesday, January 10, 2018

Making America Great -- A Record Year For Natural Gas -- January 10, 2018

This is for the archives more than anything else. From Bloomberg:
  • America's gas production is forecast to set new records this year and next
  • huge surge year-over-year
  • the "extra" 7 billion cubic feet of gas production expected in 2018 to be produced in the US equals the entire output of Turkmenistan -- one of the world's largest gas exporters
Two reasons for this surge
Two big reasons for this are logistics and oil. Pipelines able to carry roughly 7 billion cubic feet of gas a day away from the prolific Appalachian region are due to start up this year, allowing production that's been bottled up in the East to flood out. Meanwhile, rising oil production in the Permian shale basin and elsewhere will bring increased quantities of associated gas.

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