Administration

In its latest Short Term Energy Outlook (STEO), the Energy Information Administration (EIA) nudged down is Henry Hub natural gas price forecast for this year and next and predicted that coal-fired power plants will retain their recent gains over gas-fueled facilities. The gas production outlook held steady with last month’s STEO.

Lower 48 gross natural gas production during April increased 0.8% (0.57 Bcf/d) to 73.24 Bcf/d from a revised March figure of 72.67 Bcf/d, the U.S. Energy Information Administration (EIA) said Friday. In a separate report, EIA said overall April dry gas production set a record for the month, although it was “a small increase” from April 2012.

Lower 48 gross natural gas production during April increased 0.8% (0.57 Bcf/d) to 73.24 Bcf/d from a revised March figure of 72.67 Bcf/d, the U.S. Energy Information Administration (EIA) said Friday. In a separate report, EIA said overall April dry gas production set a record for the month, although it was “a small increase” from April 2012.

When the Energy Information Administration (EIA) releases its storage report on Thursday for the week ending June 14, analysts at Stephen Smith Energy Associates predict it will show natural gas storage at 2,435 Bcf, an increase of 88 Bcf from EIA’s previous report.

The U.S. Energy Information Administration (EIA) is predicting that natural gas use in transportation will grow 100% by 2017, but Barclays Capital analysts who broke down some of the metrics have concluded that natural gas vehicles (NGV) would have to swell 12-fold to meet those projections.

With 35 states having created various levels of incentives for using natural gas in transportation and the Energy Information Administration (EIA) predicting gas use in transportation will grow 100% by 2017, the latest Barclays analysis of U.S. gas broke down some of the metrics and concluded that natural gas vehicles (NGV) on the road will have to swell 12-fold between 2011 and 2017 to meet the EIA prediction.

Forecasters at the National Oceanic and Atmospheric Administration (NOAA) said Thursday they expect 13-20 named storms to form during “an active or extremely active” Atlantic hurricane season this year, including seven to eleven hurricanes, three to six of them major (Category 3 or higher).

The U.S. Energy Information Administration (EIA) reported Thursday that coal has regained some of the market share for power generation it had lost to natural gas.

Forecasters at the National Oceanic and Atmospheric Administration (NOAA) said Thursday that they expect 13-20 named storms to form during “an active or extremely active” Atlantic hurricane season this year, including seven to eleven hurricanes, three to six of them major (Category 3 or higher).