How price responsive is industrial demand for natural gas in the United States?

Currently, the Asia-Pacific market is a priority goal for almost all major producers of liquefied natural gas(LNG). This is due to the relatively high price that local consumers are willing to pay, as well as the accelerated growth rate of natural gas consumption. At the same time, China is the main driver of growth in demand for LNGin the world, has concluded a trade agreement with the United States, which involves the purchase of energy resources worth more than $ 52 billion over two years. Given the decline in LNG prices, as well as increased competition, the issue of the prospects for sales of Russian Arctic gas on the market of the Asia-Pacific region becomes particularly relevant.The study provides a generalized assessment of the needs of the main importers of LNG ––China, South Korea and Japan, with a planning horizon of 4–5 years. The relatively high growth rates of the economy, partial rejection of nuclear energy, struggle to improve the environmental situation, as well as the desire to diversify supply routes explain the needs of the countries in the Asia-Pacific region for additional volumes of LNGin the near future. The analysis showed that both Japan and South Korea are interested in increasing the volume of imports of Russian arctic LNG, whose key advantages over most competitors are the price and relative proximity of sales markets. At the same time, the reduction in the number of operating gas drilling rigs in the United States indicates that it will not be possible to maintain the growth rate of LNG production at the level of 2018 and 2019.

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Fractal lognormal percentage assessment of technically recoverable natural gas resources in continuous-type and coal-bed (unconventional) plays, onshore and state waters of the United States

Open-File Report ◽

10.3133/ofr95647 ◽

1995 ◽

Author(s):

R.A. Crovelli ◽

J.W. Schmoker ◽

R.H. Balay

Keyword(s):

United States ◽

Natural Gas ◽

The United States ◽

Coal Bed ◽

Continuous Type

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Relations between Temperature and Residential Natural Gas Consumption in the Central and Eastern United States

Journal of Applied Meteorology and Climatology ◽

10.1175/2007jamc1552.1 ◽

2007 ◽

Vol 46 (11) ◽

pp. 1993-2013 ◽

Cited By ~ 17

Author(s):

Reed P. Timmer ◽

Peter J. Lamb

Keyword(s):

United States ◽

Natural Gas ◽

Time Scales ◽

The United States ◽

Maximum Temperature ◽

Daily Maximum Temperature ◽

Daily Maximum ◽

The South ◽

Northern Regions ◽

Gas Consumption

Abstract The increased U.S. natural gas price volatility since the mid-to-late-1980s deregulation generally is attributed to the deregulated market being more sensitive to temperature-related residential demand. This study therefore quantifies relations between winter (November–February; December–February) temperature and residential gas consumption for the United States east of the Rocky Mountains for 1989–2000, by region and on monthly and seasonal time scales. State-level monthly gas consumption data are aggregated for nine multistate subregions of three Petroleum Administration for Defense Districts of the U.S. Department of Energy. Two temperature indices [days below percentile (DBP) and heating degree-days (HDD)] are developed using the Richman–Lamb fine-resolution (∼1° latitude–longitude) set of daily maximum and minimum temperatures for 1949–2000. Temperature parameters/values that maximize DBP/HDD correlations with gas consumption are identified. Maximum DBP and HDD correlations with gas consumption consistently are largest in the Great Lakes–Ohio Valley region on both monthly (from +0.89 to +0.91) and seasonal (from +0.93 to +0.97) time scales, for which they are based on daily maximum temperature. Such correlations are markedly lower on both time scales (from +0.62 to +0.80) in New England, where gas is less important than heating oil, and on the monthly scale (from +0.55 to +0.75) across the South because of low January correlations. For the South, maximum correlations are for daily DBP and HDD indices based on mean or minimum temperature. The percentiles having the highest DBP index correlations with gas consumption are slightly higher for northern regions than across the South. This is because lower (higher) relative (absolute) temperature thresholds are reached in warmer regions before home heating occurs. However, these optimum percentiles for all regions are bordered broadly by surrounding percentiles for which the correlations are almost as high as the maximum. This consistency establishes the robustness of the temperature–gas consumption relations obtained. The reference temperatures giving the highest HDD correlations with gas consumption are lower for the colder northern regions than farther south where the temperature range is truncated. However, all HDD reference temperatures greater than +10°C (+15°C) yield similar such correlations for northern (southern) regions, further confirming the robustness of the findings. This robustness, coupled with the very high correlation magnitudes obtained, suggests that potentially strong gas consumption predictability would follow from accurate seasonal temperature forecasts.

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Assessment of the Oil and Natural Gas Potential of the East Coast Mesozoic Synrift Basins, Onshore and State Waters of the United States

Petroleum Systems in "Rift" Basins ◽

10.5724/gcs.15.34.0096 ◽

2015 ◽

pp. 96-194

Author(s):

James L. Coleman Jr. ◽

Robert C. Milici ◽

Paul J. Post

Keyword(s):

United States ◽

Natural Gas ◽

East Coast ◽

The United States ◽

Oil And Natural Gas ◽

Gas Potential

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