Gluts

Prospects of prolonged natural gas gluts have prompted a recommendation for Canada’s National Energy Board (NEB) to start preparing for hearings on costs of shutting down an industry cornerstone: TransCanada Corp.’s Mainline from Alberta to Ontario, Quebec and border crossings into the U.S. Midwest and Northeast.

The regional natural gas pipeline gluts forecast for the Southeast and the Rockies in 2011 won’t spare the Marcellus Shale, where a lack of capacity to carry gas to New York City (NYC) along the eastern Pennsylvania border remains unresolved, said Societe Generale energy analysts.

The regional natural gas pipeline gluts forecast for the Southeast and the Rockies in 2011 won’t spare the Marcellus Shale, where a lack of capacity to carry gas to New York City (NYC) along the eastern Pennsylvania border remains unresolved, said Societe Generale energy analysts.

With as much as 13.7 Bcf/d of domestic natural gas pipeline takeaway capacity coming online in the first half of 2011, supply gluts are likely in the traditionally well-supplied areas of the northern Rockies (again) and the booming shale areas of Louisiana and Pennsylvania, a Societe Generale energy analyst said last week.

With as much as 13.7 Bcf/d of domestic natural gas pipeline takeaway capacity coming online in the first half of 2011, supply gluts are likely in the traditionally well-supplied areas of the northern Rockies (again) and the booming shale areas of Louisiana and Pennsylvania, a Societe Generale energy analyst said.