Do natural hazards in the Gulf coast still matter for state-level natural gas prices in the US? Evidence after the shale gas boom

2021 ◽  
pp. 105267
Author(s):  
Kuan-Ming Huang ◽  
Xiaoli Etienne
Keyword(s):  
Natural Gas ◽  
Natural Hazards ◽  
Shale Gas ◽  
Gulf Coast ◽  
State Level ◽  
The Us ◽  
Natural Gas Prices

The Significance of Shale Gas Development in China

2012 ◽  
Vol 616-618 ◽  
pp. 767-769
Author(s):  
Jian Guo Wang ◽  
Hai Jie Zhang ◽  
Cui Cui Liu ◽  
Li Xia Lou
Keyword(s):  
Natural Gas ◽  
Shale Gas ◽  
Technology Development ◽  
The United States ◽  
Petroleum Engineering ◽  
Commercial Development ◽  
Engineering Technology ◽  
Economic Significance ◽  
The Us ◽  
Further Development

China is facing a severe situation of energy resources. High oil dependency is seriously threatening our economy’s fast and stable development. The US has successfully achieved the commercial development of shale gas, which has decreased its oil dependency, and also contributed to its natural gas geology and petroleum engineering technology development. Both Chinese and U.S. geological experts predict that China has similar quantities of shale gas reserves as founded in the United States. This paper aims to clarify that producing shale gas resources has economic significance of energy security and environment protection, and scientific significance of promoting the further development of natural gas geology and petroleum engineering subjects.

scholarly journals Price Volatility in the Natural Gas Market

2017 ◽  
Vol 4 (2) ◽  
pp. 49
Author(s):  
Duong Thuy Le
Keyword(s):  
Natural Gas ◽  
Price Volatility ◽  
Type Model ◽  
Natural Gas Market ◽  
The Us ◽  
Natural Gas Prices ◽  
Day Of The Week ◽  
Gas Market ◽  
Positive Shock ◽  
And Behavior

This paper examines the causes and behavior of price volatility in the US natural gas market. Although natural gas prices are among the most volatile, they have received limited academic scrutiny heretofore. The study’s main findings are: (1) the natural gas market is characterized by volatility persistence, (2) predicted volatility increases more following a positive shock than an equal negative shock, (3) there are day-of-the-week and month-of-the-year patterns in this market, (4) surprises in the change in natural gas in storage cause increased volatility, (5) volatility tends to be higher during and immediately after bid week, and (6) volatility tends to be higher on winter days when the temperature is lower than normal. The model developed and employed in this research is an improved procedure for testing and quantifying the hypothesized volatility determinants within a GARCH type model.

scholarly journals Valorization of Shale Gas Condensate to Liquid Hydrocarbons through Catalytic Dehydrogenation and Oligomerization

Processes ◽  
2018 ◽  
Vol 6 (9) ◽  
pp. 139 ◽  
Author(s):  
Taufik Ridha ◽  
Yiru Li ◽  
Emre Gençer ◽  
Jeffrey Siirola ◽  
Jeffrey Miller ◽  
...  
Keyword(s):  
Natural Gas ◽  
Shale Gas ◽  
Energy Efficient ◽  
Gulf Coast ◽  
Process Analysis ◽  
The United States ◽  
Transformation Process ◽  
Average Lifetime ◽  
Catalytic Dehydrogenation ◽  
Liquid Hydrocarbons

The recent shale gas boom has transformed the energy landscape of the United States. Compared to natural gas, shale resources contain a substantial amount of condensate and natural gas liquids (NGLs). Many shale basin regions located in remote areas are lacking the infrastructure to distribute the extracted NGLs to other regions—particularly the Gulf Coast, a major gas processing region. Here we present a shale gas transformation process that converts NGLs in shale resources into liquid hydrocarbons, which are easier to transport from these remote basins than NGL or its constituents. This process involves catalytic dehydrogenation followed by catalytic oligomerization. Thermodynamic process analysis shows that this process has the potential to be more energy efficient than existing NGL-to-liquid fuel (NTL) technologies. In addition, our estimated payback period for this process is within the average lifetime of shale gas wells. The proposed process holds the promise to be an energy efficient and economically attractive step to valorize condensate in remote shale basins.

scholarly journals Implications of the Recent Reductions in Natural Gas Prices for Emissions of CO2 from the US Power Sector

2012 ◽  
Vol 46 (5) ◽  
pp. 3014-3021 ◽  
Author(s):  
Xi Lu ◽  
Jackson Salovaara ◽  
Michael B. McElroy
Keyword(s):  
Natural Gas ◽  
Power Sector ◽  
The Us ◽  
Natural Gas Prices

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.

scholarly journals Toxic Air in the Industrial Corridor? An Analysis

2021 ◽  
Author(s):  
Brittany L. Tarufelli
Keyword(s):  
Natural Gas ◽  
Industrial Development ◽  
Gulf Coast ◽  
Low Cost ◽  
Respiratory Morbidity ◽  
Chemical Production ◽  
Exogenous Shock ◽  
Natural Gas Prices ◽  
Pollution Exposure ◽  
The Impact

The Gulf Coast has gained a foothold as a low-cost region for chemical production. In this study, I leverage the arguably exogenous shock to natural gas prices and proximity to the Port of South Louisiana as instrumental variables to identify the impact of industrial development on air pollution and respiratory morbidity. I find that a $1 decrease in natural gas prices decreased PM10 pollution by 44% of the sample average, but these effects decreased with proximity to the Port. Switching to natural gas as a feedstock improved pollution and health outcomes, but pollution exposure in industrial corridors remains an issue.

Sign in / Sign up

Export Citation Format

Share Document