The North Dakota Industrial Committee (NDIC) plans to hold a public hearing in November to evaluate changes to pipeline shipping statutes to streamline how oil and gas producers contract firm shipping capacity.
Articles from Capacity
The U.S. natural gas pipeline grid is not sufficient to handle the swift changes occurring in both supply and demand, and significant operational and commercial challenges may occur without additional midstream buildout, executives said Tuesday in New Orleans.
A losing streak that continued for 12 consecutive days in the natural gas futures market weighed heavily on regional forward prices, with lackluster demand and strong production growth pushing prices down considerably at some pricing hubs.
Facing a projected natural gas supply shortage that could begin next year, state-owned PetroVietnam said earlier this month that along with its partners it plans to start construction of the Thi Vai liquefied natural gas (LNG) import terminal, Vietnam’s first, in the southern Ba Ria-Vung Tau province.
As associated natural gas outpaces crude production growth, North Dakota’s Bakken Shale faces excess oil pipeline takeaway capacity by 2021, when production is expected to hit 1.5 million b/d.
Natural gas and related infrastructure will play an integral role in the U.S. transition to a lower-carbon economy and remain a significant contributor to the country’s energy portfolio as well as economic growth over the next two decades, according to the Interstate Natural Gas Association of America’s (INGAA) INGAA Foundation.
Natural gas-fired combined-cycle (NGCC) power plants last year became the technology with the most electricity generating capacity in the United States, surpassing coal-fired plants, according to the Energy Information Administration (EIA).
After growing by an estimated 600,000 b/d in 2018, natural gas liquids (NGL) are expected to see a slower pace of growth in the next couple of years amid possible headwinds from demand and the timeline for infrastructure projects entering service, particularly Energy Transfer LP’s (ET) Mariner East 2 (ME2) pipeline and its companion Mariner East 2X (ME2X), according to BofA Merrill Lynch.
Supported by increased crude oil production in the Permian Basin, ExxonMobil Corp. said Tuesday it has reached a final investment decision to build a unit at its Beaumont refinery east of Houston to increase capacity by more than 65%, or 250,000 b/d.