Hints and tips:
...Capacity is on track to rise 40 per cent to 19.7bn cu ft/d by 2026 as new projects are completed, according to the EIA....
...US oil and gas fields will produce about 90bn cu ft/d of gas this year, the EIA estimates....
...Stocks of US gas in storage sit at 3.1tn cu ft, almost 20 per cent higher than a year ago, the EIA reported last week....
...In 2018 it produced 240m cu ft/d from the region....
...It says these changes have saved more than 30m cu m of water per year....
...After the Army Corps is finished, constant erosion will necessitate dumping a further 1.4m cu yd of sand every four years, according to an environmental assessment of the project....
...Between January 2009 to January 2017, US crude oil production has risen from 5.1m barrels per day to about 8.9m b/d, while natural gas production increased from 57.5bn cubic feet per day to 72.3bn cu ft/...
...The field should come onstream at the end of 2017, with production increasing to around 2bn cu ft a day by 2020....
...The flood of cheap gas unleashed by the US shale boom has prompted a wave of US LNG projects in recent years....
...In 2014, drillers flared 288.7bn cu ft of gas, compared with 91.2bn in 2000. That amounts to more than $10bn worth of natural gas simply wasted....
...Germany’s TGE has been commissioned to build the store, which will have the capacity to hold 60,000 cu m of ethane gas....
...This brings Russia’s January to September gas exports to Europe to 118.4bn cu m, a 15.5 per cent increase year on year....
...The shift will add as much as 2bn cu ft/d to US gas demand, Morgan Stanley estimates. If US gas stays cheap relative to the rest of the world, industrial consumption will also grow....
...SIEPA adds that gas and water are €0.42 and €0.20 per cu m, respectively....
...According to Dragon Capital, the Kiev-based investment bank, Ukraine’s steel industry has cut gas consumption from 9.6bn cu m in 2005 to 4.8bn cu m last year....
...Chemicals manufacturers, which are beneficiaries of cheap energy, have urged US authorities to be cautious about approving new export projects....
...There are now hopes that the plentiful supplies of cheap gas, a key feedstock in petrochemicals, could spur an industrial renaissance in the US....
...With Turkish gas demand expected to grow by 9 per cent this year from 44bn cu m to 48bn cu m, 6bn cu m is not at game changer but it is a big start....
...China is the world’s largest energy consumer and policy makers have prioritised shale gas exploration in the hope that it will provide a plentiful, cheap, and clean new energy resource....
...Third was that standard Heinz product, Tomato Ketchup, with its simple list of ingredients and “everyman” flavour: “Cheap but satisfying” (DN); “Heinz?” (DL)....
...While gas has been relatively cheap compared with coal, making it an attractive alternative as a power plant fuel, an abnormally warm winter has undercut demand....
...But cheap gas is already spurring changes on the demand side. People eyeing a golden age of cheap gas should watch them....
...However, a rival operator tapping the same broader reservoir recently upped the estimate for its own block by 7.5tn cu ft of gas “in place” to 30tn cu ft....
...But EIA expects supplies will still expand by 3bn cu ft per day this year, growing faster than consumption....
...“The reason we talk about shale gas is because we’ve gone from talking about units of 5 trillion cu ft to talking about 400 trillion cu ft. That suddenly makes the whole outlook feasible.”...
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