Friday, July 10, 2020

EIA: Natural Gas Weekly Update

Cooling Degree Days up, LNG shipments down and much, much more.

From the Energy Information Administration:
for week ending July 8, 2020   |  Release date:  July 9, 2020  

In the News:
EIA’s updated State Energy Data System shows which states had the most consumption and production in 2018
EIA updated its State Energy Data System (SEDS) on June 26 with data for 2018. SEDS provides comprehensive energy information, including the consumption, production, and price of natural gas, for all 50 states and the District of Columbia.

Texas had the highest level of natural gas consumption in 2018 at 12.2 billion cubic feet per day (Bcf/d). The industrial sector is the largest consuming sector in Texas. The state has a significant amount of oil and natural gas extraction and processing that uses natural gas as fuel and a large chemicals industry that uses natural gas for heat, power, and feedstock. Texas also has the second-largest population of any state, contributing to its demand for power generation—42% of which was natural gas-fired in 2018—to meet cooling demand. The other high-consuming states also tend to have large populations (for example, California, Florida, and Pennsylvania) and/or high concentrations of natural gas-intensive industries (for example, Louisiana, California, and Pennsylvania).

Hawaii used the least amount of natural gas of any state in 2018 at 9 million cubic feet per day (MMcf/d). The sources of supply for Hawaii’s natural gas are synthetic natural gas (SNG) created from naphtha, imported liquefied natural gas (LNG), and renewable natural gas (RNG) produced locally from biomass. These sources are expensive, leading Hawaii to have the highest average natural gas price in the nation in 2018.

Hawaii’s average delivered end-use natural gas price was $34.29 per million British thermal unit (MMBtu) in 2018, compared with the national average of $5.71/MMBtu. Aside from Hawaii, natural gas in 2018 was most expensive in Alaska and states in New England where infrastructure constraints can lead to wholesale natural gas price spikes in periods of peak demand during the winter months. Natural gas prices were cheapest in regions close to the Permian Basin, which is in West Texas and Southeast New Mexico, and offshore Gulf of Mexico production (Louisiana and Mississippi). The state with the cheapest natural gas was Oklahoma, where the price averaged $3.71/MMBtu.
Marketed natural gas was produced in 33 states in 2018. Texas had the highest level of marketed natural gas production at 21.5 Bcf/d, followed by Pennsylvania with 17.0 Bcf/d. Much of Texas’s natural gas is associated natural gas that comes from crude oil-focused production. In Pennsylvania, most natural gas production is from wells focused on producing natural gas and hydrocarbon gas liquids....
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....U.S. LNG exports decrease week over week. Seven liquefied natural gas (LNG) vessels (three from Cameron, two from Sabine Pass, and one each from Cove Point and Corpus Christi) with a combined LNG-carrying capacity of 25 Bcf departed the United States between June 18 and June 24, 2020, according to shipping data provided by Marine Traffic....
....MUCH MORE

And at Maritime Logistics Professional:
US LNG Exports at 20-month Low