U.S. gas markets are expected to grow 1.6% per year until about 2025, with the largest growth prospects in the Southeast and parts of the Northeast, according to a report by research consultants Foster Associates Inc.
Additionally, basins in the Rocky Mountain region hold the greatest potential for additional gas supply. Incremental production from the Rockies is projected to increase by 4 Bcf/d to 2025. And 10 new LNG terminals, which have received regulatory approvals, could add 15 Bcf/d of incremental supply, coming on line generally between 2007 and 2010.
The Foster report covers research on 45 U.S. gas pipelines and multiple supply regions, supply sources and markets. Underground storage capacity also is covered.
Total working gas capacity is 4.7 Tcf at 430 underground storage fields, and maximum withdrawal capacity is 93.2 Bcf/d. If all of the planned storage projects come to fruition they would add half a Tcf of working gas capacity and 22.4 Bcf/d maximum withdrawal capacity. Many of the storage projects are salt domes, Foster notes.
Pipeline projects are planned to serve market expansions, LNG terminals, increased storage and production growth. Projects are expected to cost more than $15 billion, compared with $12 billion spent over the last four years on such projects.
For more information on the report, call 800-367-8370.
Intelligence Press Inc. All rights reserved. The preceding news report
may not be republished or redistributed, in whole or in part, in any
form, without prior written consent of Intelligence Press, Inc.