The East China Sea may have abundant hydrocarbon resources, especially natural gas, although the region is underexplored. China and Japan, the two largest energy consumers in Asia, are both interested in using natural gas from the East China Sea to meet rising domestic demand. However, unresolved territorial disputes make exploration and development of these resources [...]
The U.S. Energy Information Administration (EIA) said in a report that U.S. marketed natural gas production has flattened since late 2011, mainly in response to lower natural gas prices. Nevertheless, volumes remain at historically high levels. From January through July 2012, marketed natural gas production set a record high for the first seven months of [...]
In response to Hurricane Isaac, EIA invoked its emergency-activation survey Form EIA-757B to collect daily data on the status of natural gas processing plant operations. The survey, completed Friday, September 7, showed that Hurricane Isaac caused considerable disruption to processing infrastructure, although it had a negligible effect on natural gas prices because of ample onshore [...]
The U.S. EIA estimates that the demonstrated peak working gas capacity for underground storage in the lower 48 states rose 3%, or 136 billion cubic feet, to 4,239 Bcf in 2012 compared with 2011. EIA’s report compares data from April to April; since April 2012, EIA analysts said 7.5 Bcf has been added to working [...]
Average spot natural gas prices in key regional markets, which reflect the wholesale price of natural gas at major trading points, declined about 38% to 49% during the first half (January 1 to June 30) of 2012 compared to the same period in 2011, according to EIA. Natural gas spot prices at the Henry Hub—a [...]
The increase in U.S. working natural gas inventories nearly half way through the 2012 injection season—the period from April through October when most natural gas is stored underground to help meet heating demand during the upcoming winter—was the lowest in 12 years, according to EIA. The slow start to the injection season reflects record-high inventories [...]
The U.S. Energy Information Administration (EIA) said it expects that natural gas consumption will average 69.8 billion cubic feet per day (Bcf/d) in 2012, an increase of 3.2 Bcf/d (4.8 percent) from 2011. Large gains in electric power use in 2012 will more than offset declines in residential and commercial use. Projected consumption of natural gas [...]
South Stream Transport AG has started consultations in terms of preparation for the Environmental Impact Assessment (EIA) for the South Stream Offshore Pipeline in Russia. Consultations will be held together with the Municipality of Anapa (Krasnodarsky region). The entire EIA for the Russian Sector is to be undertaken in August-November 2012. «Public consulting with participation [...]
Spreads between the Columbia Gas Transmission Corp. Appalachian index —an actively traded location for both physical and financial transactions for natural gas in southwest Pennsylvania—and the Henry Hub in the U.S. Gulf Coast are changing due mainly to growth in Marcellus production, according to EIA. Natural gas at the TCO Appalachia index has historically been [...]
The U.S. Energy Information Administration (EIA) said in a report that daily natural gas spot prices between Tennessee Gas Pipeline (TGP) Zone 4 Marcellus and Henry Hub have diverged recently largely due to rising Marcellus production, which has outpaced the growth of available take—away pipeline capacity in northern Pennsylvania. As a result, the spot price [...]
