Glen Dillon
According to consulting firm Wood Mackenzie, midstream companies are constructing or intending to construct 8,800 miles (14,160 km) of pipelines nationwide.
According to the Energy Information Administration (EIA), natural gas usage in the US is expected to increase by 1% this year, reaching a historic 91.4 billion cubic feet daily. In September, LNG exports from the US hit a record level of 9.4 million tons.
The demand for natural gas is rising, partly because data centers are consuming more energy. The FT highlights that exporting significant amounts of gas from the US is not feasible because of insufficient pipelines and processing capabilities.
With the increase in oil production in the Permian Basin, extending from western Texas to southeastern New Mexico, there is also a rise in the output of related natural gas. Consequently, natural gas prices at the Texas Waha hub occasionally fall below zero, forcing operators to either pay to offload it or flare it to maintain oil productionю
source: ft.com
According to the Energy Information Administration (EIA), natural gas usage in the US is expected to increase by 1% this year, reaching a historic 91.4 billion cubic feet daily. In September, LNG exports from the US hit a record level of 9.4 million tons.
The demand for natural gas is rising, partly because data centers are consuming more energy. The FT highlights that exporting significant amounts of gas from the US is not feasible because of insufficient pipelines and processing capabilities.
With the increase in oil production in the Permian Basin, extending from western Texas to southeastern New Mexico, there is also a rise in the output of related natural gas. Consequently, natural gas prices at the Texas Waha hub occasionally fall below zero, forcing operators to either pay to offload it or flare it to maintain oil productionю
source: ft.com