Thanks

Thanks to the Marcellus Shale, Houston-based Cabot Oil & Gas Corp. recently completed the best quarter in its history on an operational and financial basis. The company is adding a sixth rig in the play as it anticipates multiple infrastructure projects to come online in the months ahead, increasing the ability to get its gas to markets.

Analysts believe operators in the Utica Shale will soon be able to bring many of their wells into production, thanks to progress in building new gathering lines, but they also caution that investors may have set their expectations too high for areas outside of the play’s core.

Analysts believe operators in the Utica Shale will soon be able to bring many of their wells into production, thanks to progress in building new gathering lines, but they also caution that investors may have set their expectations too high for areas outside of the play’s core.

Thanks to abundant shale gas supplies and appliance efficiency gains, a homeowner in Connecticut could save $1,800 per year by switching to natural gas heating from fuel oil, according to a trio of utilities in the state that have launched a campaign to get consumers to switch to gas.

While natural gas is becoming the fuel of choice due to its clean-burning qualities and newfound abundance in North America thanks to shale development, the increased gas demand from multiple sources, including the industrial sector, electric power sector, transportation and liquefied natural gas and pipeline exports, is unlikely to boost the domestic price of the resource substantially, according to a new study titled “New Dynamics of the U.S. Natural Gas Market,” conducted by the Bipartisan Policy Center (BPC).

While natural gas is becoming the fuel of choice due to its clean-burning qualities and newfound abundance in North America thanks to shale development, the increased gas demand from multiple sources, including the industrial sector, electric power sector, transportation and liquefied natural gas and pipeline exports, is unlikely to boost the domestic price of the resource substantially, according to a new study titled “New Dynamics of the U.S. Natural Gas Market,” conducted by the Bipartisan Policy Center (BPC).

While natural gas is becoming the fuel of choice due to its clean-burning qualities and newfound abundance in North America thanks to shale development, the increased gas demand from multiple sources, including the industrial sector, electric power sector, transportation and liquefied natural gas and pipeline exports, is unlikely to boost the domestic price of the resource substantially, according to a new study titled “New Dynamics of the U.S. Natural Gas Market,” conducted by the Bipartisan Policy Center (BPC).

Over the next four to five years, about 70-80 million tonnes of liquefied natural gas (LNG) liquefaction capacity will be coming online, thanks mainly to Australia, expanding the global market for LNG by about one-third, Malcolm Johnson, a director at eMJay LNG Ltd. and industry consultant told NGI. Where all the LNG goes and at what price remains to be seen, he said (see related story).

Over the next four to five years, about 70-80 million tonnes of liquefied natural gas (LNG) liquefaction capacity will be coming online, thanks mainly to Australia, expanding the global market for LNG by about one-third, Malcolm Johnson, a director at eMJay LNG Ltd. and industry consultant told NGI. Where all the LNG goes and at what price remains to be seen, he said.