Energy Update

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(Wed, 10 Jun 2020) The 2020 natural gas storage refill season (April 1–October 31) has started out strong, lagging behind only 2019 and 2015 for total net injections for the Lower 48 states through May. Net injections into working natural gas totaled 102 billion cubic feet (Bcf) for the week ending May 29, 2020.

(Wed, 03 Jun 2020) The U.S. Energy Information Administration’s (EIA) two metrics for assessing 2019 underground working natural gas storage capacity in the Lower 48 states compared with the previous year show mixed results: one metric reported a small increase and the other a small decrease. EIA measures working natural gas storage capacity in two ways: design capacity and demonstrated peak capacity.

(Thu, 21 May 2020) The average spot (wholesale) price of natural gas in New England for winter 2019–20 (November 1, 2019–March 31, 2020) was $3.17 per million British thermal units (MMBtu), down about 40% from $5.40/MMBtu for the winter of 2018–19 based on trends at the Algonquin Gas Transmission (Algonquin) Citygate—a key regional benchmark for natural gas prices in New England.

(Thu, 07 May 2020) In EIA's Weekly Natural Gas Storage Report (WNGSR) published on May 7, 2020, EIA reported a net injection for the Lower 48 states of 109 billion cubic feet (Bcf)—the biggest net injection since September 27, 2019. The net injection was 35 Bcf more than the typical injection for this particular week, on average, for the past five years (2015-2019). The overall surplus of working natural gas inventory compared with the five-year average is now 395 Bcf.

(Wed, 06 May 2020) The United Arab Emirates, a member of OPEC, is currently the seventh-largest petroleum and other liquids producer in the world. Relatively energy intensive compared with other industrialized countries, the United Arab Emirates’ economy is fueled largely by natural gas and petroleum and other liquids.

(Tue, 05 May 2020) Distributed generation refers to onsite, behind-the-meter generation of energy. This often includes electricity from renewable energy systems such as solar photovoltaics and small wind turbines, but it can also include electricity and captured waste heat from combined heat and power (CHP) systems in the buildings and industrial sectors. EIA works with technology experts to project distributed generation and CHP equipment cost and performance characteristics.

(Mon, 04 May 2020) Energy efficiency (EE) incentives offered by electric and natural gas utilities and state EE organizations are an important component of evolving state and local EE policies.

(Fri, 01 May 2020) EIA presents a series of structure and thickness maps of the Wolfcamp shale play of the Midland Basin, which is a part of the larger Permian Basin. These maps provide data on the structure, thickness, and play extents of Wolfcamp A, B, C, and D benches in the Midland Basin.

(Mon, 30 Mar 2020) Natural gas exports—a combination of natural gas delivered to Mexico by pipeline plus liquefied natural gas (LNG) feedstock receipts at liquefaction terminals in the Lower 48 states—have averaged more than 15 billion cubic feet per day (Bcf/d) during the past week (March 24–30), the highest weekly average ever, according to IHS Markit data.

(Fri, 06 Mar 2020) Several natural gas pipeline upgrades are either planned or under construction in New England, which will increase deliverability into the region during the next several years. According to the U.S. Energy Administration's (EIA) tracking of natural gas pipeline projects, four pipelines are expected to increase compression in their systems by 2023, adding more than 350 million cubic feet per day (MMcf/d) of natural gas pipeline capacity into the region.

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