Forecasting the seasonal natural gas consumption in the US using a gray model with dummy variables

2021 ◽  
pp. 108002
Author(s):  
Yu-Feng Zhao ◽  
Zheng-Xin Wang ◽  
Ling-Yang He
Keyword(s):  
Natural Gas ◽  
Gray Model ◽  
Dummy Variables ◽  
The Us ◽  
Gas Consumption ◽  
Natural Gas Consumption

Technology Focus: Natural Gas Processing and Handling (April 2021)

2021 ◽  
Vol 73 (04) ◽  
pp. 34-34
Author(s):  
Ifunanya C. Ekwunife
Keyword(s):  
Natural Gas ◽  
Electric Power ◽  
Gas Production ◽  
Spot Price ◽  
Natural Gas Production ◽  
Winter Temperatures ◽  
The Us ◽  
Natural Gas Prices ◽  
Gas Consumption ◽  
Natural Gas Consumption

In 2020, the spot prices of natural gas hit a record low in the US, reaching the lowest annual average price in more than a decade. Based on US Energy Information Administration (EIA) data, the average annual spot price reported in 2020 was $2.05 per million British thermal units (MMBtu). In the first few months of the year, reports from the EIA showed that natural gas prices started declining amid mild winter temperatures that resulted in a decline in the demand for natural gas for space heating. In March 2020, following the onset of the COVID-19 pandemic, the already declining natural gas prices plummeted further. This decline continued through the first half of the year. The EIA reported the average monthly Henry Hub spot price in the first 6 months at $1.81/MMBtu. June saw the lowest monthly natural gas price in decades (Henry Hub price aver-aged $1.66/MMBtu). Natural gas prices recovered in the second half of the year as natural gas production decreased and global exports of liquefied natural gas increased. Natural gas consumption in the residential, commercial, and industrial sectors declined in 2020, according to the EIA. Milder winter temperatures were a major contributor in the first quarter of the year, but overall declining consumption was attributed to reduced economic activities as a result of the COVID-19 pandemic. On the other hand, the consumption of natural gas for electric power generation registered an overall increase of 2% more than the 2019 average. According to the EIA, citing S&P Global Platts, this increase was attributed to power producers switching to cheaper natural gas from coal to meet the increased demand for electric power for cooling as summer temperatures increased. The EIA in its Annual Energy Outlook 2021 projects that the industrial and electric power sectors and net exports will drive the growth in US energy consumption between 2020 and 2050. Natural gas consumption in other sectors is expected to increase steadily or remain flat. The EIA forecasts that natural gas production will increase as consumption increases and prices will stay low relative to past prices. The EIA expects continued growth in natural gas exports as natural gas production surpasses natural gas consumption. Globally, the International Energy Agency forecasts a recovery in global demand for natural gas in 2021 led by growth in the Asia Pacific region as emerging markets recover. The US will continue to play a significant role as one of the largest producers and contributors to natural gas supply growth. Recommended additional reading at OnePetro: www.onepetro.org. SPE 200300 - Overcoming Challenges in the Development of Underground Gas Storage by Ammar Alali, Saudi Aramco, et al. OTC 30602 - Offshore LNG and Gas Monetization by Femi Adeoye Alabi, Total SPE 200147 - Development of the Underground Gas Storage and Construction of the Salt Cavern Storage in China by Peng Chen, CNPC, et al.

EXPERIENCE, PROSPECTS AND PROBLEMS OF COOPERATION BETWEEN CHINA AND TURKMENISTAN IN THE FIELDOF NATURAL GAS

2019 ◽  
pp. 323-329
Author(s):  
Y. JIA
Keyword(s):  
Natural Gas ◽  
Central Asia ◽  
Oil And Gas ◽  
The European Union ◽  
Multilateral Cooperation ◽  
Industrial Chain ◽  
The Usa ◽  
Gas Consumption ◽  
Slow Progress ◽  
Natural Gas Consumption

Since 2007, the use of natural gas in China depends on the import, and with an increase in natural gas consumption, gas imports are also constantly growing. In 2018, Chinas natural gas imports approached 100 billion cubic meters, which is 70 times more than in 2006. In recent years, increasing attention has been paid to the use of natural gas in China. Turkmenistan is Chinas main source of pipeline gas imports, and China is Turkmenistans largest exporter of natural gas. In the framework of the traditional model of oil and gas cooperation, China and Turkmenistan are facing such problems as the uniform content of cooperation, lack of close ties in the field of multilateral cooperation and slow progress in the development of the entire industrial chain. Cooperation between China and Central Asia in the field of oil and gas is increasingly affecting the nerves of other countries, except the five countries of Central Asia, but including Russia, Afghanistan, Pakistan, India, Iran and other countries of the Middle East, Japan, South Korea, etc. and even the European Union and the USA. Despite the favorable trading environment for both parties, there are also problems in the domestic market of Turkmenistan and the risks of international competition.

Forecasting the daily natural gas consumption with an accurate white-box model

Energy ◽  
2021 ◽  
pp. 121036
Author(s):  
Nan Wei ◽  
Lihua Yin ◽  
Chao Li ◽  
Changjun Li ◽  
Christine Chan ◽  
...  
Keyword(s):  
Natural Gas ◽  
Box Model ◽  
Gas Consumption ◽  
Natural Gas Consumption

Forecasting natural gas consumption using Bagging and modified regularization techniques

2022 ◽  
pp. 105760
Author(s):  
Erick Meira ◽  
Fernando Luiz Cyrino Oliveira ◽  
Lilian M. de Menezes
Keyword(s):  
Natural Gas ◽  
Regularization Techniques ◽  
Gas Consumption ◽  
Natural Gas Consumption

scholarly journals Analysis of Natural Gas Consumption by the Industrial Sector of Bangladesh

2013 ◽  
Vol 27 ◽  
pp. 1-7
Author(s):  
Mahbubur Rahman ◽  
Mohammad Tamin ◽  
Lutfar Rahman
Keyword(s):  
Natural Gas ◽  
Chemical Engineering ◽  
Industrial Sector ◽  
Policy Makers ◽  
Usual Practice ◽  
Consumption Data ◽  
Depth Analysis ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
First Time

The natural gas consuming sectors in Bangladesh are: i) Power, ii) Fertilizer, iii) Industry, iv) Captive power, v) Domestic, vi) Commercial, and vii) Transportation (CNG). Broad sectoral consumptions are reported in various literatures and reports, however, further breakdown of the data are difficult to find, and neither reported. The combined consumption of fertilizer, industry and captive power sectors is a significant portion of national gas consumption. This paper presents for the first time an in-depth analysis of the industrial sector gas consumption. Data were collected for each type of industry, and grouped according to the United Nations Framework Convention for Climate Change (UNFCCC). Captive generation is included in the industrial sector consumption, unlike the usual practice of considering it under the power generation. It is noticed that garments, textile and leather industries together have shown remarkable growth in the last decade. All the industries are more or less related to the national GDP growth. Some are export oriented while others address the internal market. Therefore analysis presented here should be helpful for policy makers to prioritize the sectors in case preferential supply and tariff adjustments become necessary.DOI: http://dx.doi.org/10.3329/jce.v27i1.15846 Journal of Chemical Engineering, IEB Vol. ChE. 27, No. 1, June 2012: 1-7

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