APPALACHIAN NATURAL GAS SUPPLY & DEMAND ECONOMICS
More rigs operating in PA and Ohio offset by loss in WV. January futures still looking fair to good with spread just shy of 50 cents. Robust summer demand has decreased storage overhang somewhat. Should be an uptick in rigs through the autumn. New LNG from Sabine Pass coming on. New nat gas utilization projects (methanol plants) announced. Shell's ethane cracker moves forward. Utopia NGL Pipeline moves forward. Winter demand forecast significant.
This blog is about energy/ geology/policy/science/economics/environment/climate, by a geologist. Posts are professional opinions of the author but not meant to replace peer-reviewed papers. Some are based on reviews of literature but most include personal experience, mainly the ones related to oil and gas. They are updated often as new info becomes available. Please point out errors and I will fix if warranted. Energy issues are important and we should strive to understand them without bias.
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