Total end - use cost savings of $ 100 billion by 2040 — or $ 655 per U.S. household — could be realized with
increased supply of natural gas.
An increased supply of natural gas significantly contributed to higher inventories and lower prices nationwide.
Not exact matches
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including
natural and other disasters or climate change affecting the operations
of the Company or its customers and
suppliers; (2) the Company's credit ratings and its cost
of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance
of new product offerings; (6) the availability and cost
of purchased components, compounds, raw materials and energy (including oil and
natural gas and their derivatives) due to shortages,
increased demand or
supply interruptions (including those caused by
natural and other disasters and other events); (7) the impact
of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation
of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
The impact
of the
supply increase on North American
natural gas prices has been dramatic.
Natural Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain su
Natural Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain su
Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports
of the fuel.1 Spot prices saw an even larger drop
of 20.6 % (to US$ 2.81) as the support
of December's weather - related demand spikes faded and a more normal winter pattern developed.1
Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain su
Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas generally took its downward price cues from elevated US production and growth in the
natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain su
natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas - focused rig count, which
increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale -
gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas exports and a
supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total
natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain su
natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas inventories
of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for
gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain
supplies.
Natural -
gas prices on Nymex ended lower after the EIA on Thursday reported the first weekly
supply increase of the injection season — a time when inventories build ahead
of the expected rise in summer cooling demand.
Proponents argue it would boost New York's
natural gas supply to help keep energy costs down while creating jobs and generating tax revenue, while opponents, who rallied this month ahead
of the decision, say it would
increase fossil - fuel use, harm sensitive ecosystems and put the state at inordinate risk
of dangerous methane leaks.
Meanwhile, the end
of the remedial works indicates that, the process to connect the TEN fields to the Atuabo plant has been completed with a significant
increase in the amount
of natural gas produced to run the power generating facilities at Aboadze, to improve the overall reliability
of power
supply to the general public.
«Governor Cuomo and Commissioner Joseph Martens deserve an enormous amount
of credit for protecting the unfiltered drinking water
supplies of more than nine million New Yorkers, while
increasing our ability to harness the benefits
of New York's
natural gas resources,» he said in a statement.
The United States will continue to grow as an important
supplier of natural gas, projected to
increase to 5.3 trillion cubic feet as unconventional
gas plays such as the Marcellus Shale account for more than 50 percent
of U.S. production by 2030, EIA said.
Among Freeman's specific recommendations are a «20 percent federal tax credit to electricity and
natural gas utilities that gives highest priority to the efficient use
of the energy they
supply,» and ban on new coal or nuclear plants and retirement
of the existing plants within the next 30 years, government - funded demonstration plants for Big Solar and hydrogen,
increasing federal fuel economy standards one mile - per - gallon a year over the next 24 years, tax credits for plug - in hybrids or flex - fuel vehicles, and an excess - profits tax on oil to fund the tax credits.
Broadly stated: if you reject a lease and take a large portion
of a commodity (here coal, but it could have been
natural gas, tar sands, etc.) off the market, you decrease the
supply,
increase the cost, and, over the long term, decrease the use
of that commodity.
Although APS plans to reduce its coal burn from the current 35 % to 17 % by 2029, by
increasing its
natural gas burn from 19 % to 35 %, it will actually
increase its greenhouse
gas emissions in the near term, since the global warming potential from methane, which is leaked at multiple points
of the
natural gas supply chain, is 86 times that
of carbon over 20 years, according to the Intergovernmental Panel on Climate Change's 2013 report.
Under favorable
natural gas supply conditions, the Clean Power Plan also
increases additions
of generation capacity fueled by
natural gas (CPPHOGR).
Last month the chairman
of the Secretary
of Energy Advisory Board's
Natural Gas Subcommittee noted in the Washington Post that increased supplies from shale «has meant, since 2009, that consumers» costs of natural gas to heat homes or generate electricity have fallen by more than half.
Natural Gas Subcommittee noted in the Washington Post that increased supplies from shale «has meant, since 2009, that consumers» costs of natural gas to heat homes or generate electricity have fallen by more than half.&raq
Gas Subcommittee noted in the Washington Post that
increased supplies from shale «has meant, since 2009, that consumers» costs
of natural gas to heat homes or generate electricity have fallen by more than half.
natural gas to heat homes or generate electricity have fallen by more than half.&raq
gas to heat homes or generate electricity have fallen by more than half.»
The economics
of increased natural gas generation and expanded renewable electricity capacity vary regionally, the key determinants being: 1) the
natural gas supply and combined cycle utilization rates by region; and 2) the potential for penetration
of renewable generation in regions including states that have no (or low) renewable portfolio standards.
At a time at which U.S. dependence on coal is decreasing (due to
increased supplies of unconventional
natural gas and hence lower
gas prices), China continues to rely on coal, but is very concerned about this, partly because
of localized health impacts
of particulates and other pollutants.
Domestic
supplies of natural gas have
increased dramatically in recent years, due in large part to the development and expansion
of hydraulic fracturing (fracking) drilling techniques.
Both
increasing domestic
supply of natural gas and lower
natural gas prices, together with the high efficiency
of combined - cycle power plants, have contributed to their
increased use.
In the case
of natural gas, other factors were
supply shortages and price
increases in the 1970s and early 1980s.
Cheaper
natural gas has pushed out older, less - efficient coal and oil generation; however, the region's
increasing overreliance on
natural gas will provide few additional emissions benefits and
increases risks
of price volatility or
supply disruption.
The reliability
of supply provided by our nation's network
of storage and distribution facilities has contributed to the
increased use
of natural gas in many sectors
of the U.S. economy, which has led to reductions in air emissions — ranging from criteria pollutants, such as sulfur dioxide and nitrogen oxides, to greenhouse
gases.
As higher demand boosts prices, some
of the
natural -
gas production shut - in during the recent slump will be brought back online, bolstering
supply and limiting the price
increases.
In recent years, expanded
supply of low cost
natural gas,
increased energy efficiency, growing market penetration
of renewable electricity sources, and substantial reserve margins have contributed to low prices reflecting low marginal costs in wholesale energy and capacity markets.
CaISO has developed a report on the topic, including a plan to ensure reliability, for example by upping procurement
of regulation and ramping services, coordinating with other generators in advance
of the eclipse,
increasing coordination with
gas system operators to ensure sufficient
natural gas supply, and other actions.
China's pipeline imports
increased to 3.7 Bcf / d in 2016, accounting for 19 %
of the total
natural gas supply.
Natural gas is the fastest - growing fossil fuel, as global
supplies of tight
gas, shale
gas, and coalbed methane
increase.
First, the newest biennial report by the Potential
Gas Committee (PGC) says the United States has a total future natural gas supply of 2,688 trillion cubic feet (tcf) as of the end of 2012, a significant increase from its 2010 year - end estima
Gas Committee (PGC) says the United States has a total future
natural gas supply of 2,688 trillion cubic feet (tcf) as of the end of 2012, a significant increase from its 2010 year - end estima
gas supply of 2,688 trillion cubic feet (tcf) as
of the end
of 2012, a significant
increase from its 2010 year - end estimate.
It was the sudden
increase in
supply and drop in price
of natural gas — plus a little push from the clean energy movement.
It indicates how rising prosperity is driving an
increase in global energy demand and how that demand may be met over the coming decades through a diverse range
of supplies including oil,
natural gas, coal, and renewable energy.
Using more renewable energy can lower the prices
of and demand for
natural gas and coal by
increasing competition and diversifying our energy
supplies.
Recent
increases in domestic
supplies of natural gas and resulting low prices have impelled utilities and power producers across the country to become more greatly dependent on
natural gas.
Natural gas is projected to
increase the most
of any fuel to
supply the needs
of the electricity and industrial sectors.
The share
of natural gas in the world's
supply mix is expected to
increase from 23 percent in 2016 to 26 percent in 2040.
Increased supplies of clean - burning
natural gas will help lower electricity prices for consumers who have paid 50 percent more for electricity as compared to the rest
of the nation due to constrained pipeline infrastructure in the region.
Further, PJM points out NETL associated the
increased use
of coal with
natural gas fuel
supply issues, but only 13 %
of forced outages were related to
natural gas fuel
supplies.
Interest in
natural gas vehicles is picking up again due to
increased optimism regarding domestic
supplies of natural gas.
This means that California must couple efforts to
increase the amount
of renewable energy with another effort to find ways to match
supply and demand without burning
natural gas.
What we're seeing,
of course, are the positive
supply impacts
of the U.S. energy renaissance — dramatic
increases in domestic oil and
natural gas production over the past several years, thanks to the safe development
of shale and other tight - rock formations using hydraulic fracturing and horizontal drilling.
These state - level initiatives, along with fluctuations in the
supply and demand
of natural gas and oil, may also lead to electricity price
increases in the future — although it is worth noting these
increases would be less significant than if the CPP is implemented.
Projections by the EIA show that
natural gas obtained by fracking could account for 45 %
of the US
natural gas supply by 2035, an
increase of 14 % from 2009.
As far as replacing coal with
natural gas resulting in reducing CO2 emissions, the conventional environmental wisdom supports that, but that wisdom was developed without considering the additional greenhouse
gas impact
of fracking and the projected
increase in the proportion
of fracked
gas as part
of the US» overall
natural gas supply.
Coal is under
increasing pressure from cheap
supplies of natural gas due to the fracking boom and now also from rising
supplies of wind and solar electricity.
Fracking has allowed us to produce large quantities
of oil and
natural gas, which
increases their
supply and lowers their prices.
More cordial relations, clearly — but probably much more: strong demand for Bolivia's
natural gas, and a prolonged drought in Chile, with water
supply to the Santiago region expected to fall by 40 % over the next half - century, could
increase the value
of Bolivia's potential
gas and water exports to Chile.