Appalachian Gas Takes on the World
The prolific Marcellus and its deeper sister-shale, the Utica, are collectively called ‘The Beast in the East’ because they’re loaded with natural gas. This remarkable bounty is driving a renaissance in manufacturing throughout the Northeast, ushering a new era of cleaner power generation – and opening doors for U.S. gas traders around the world.
Business prospects abound with large-scale pipelines coming on-stream in 2017-2018, an LNG export terminal on-line to serve international markets, and companies like Shell moving ahead with massive ethane crackers to tap the region’s abundant resources.
- Strong Production: Marcellus and Utica natural gas production has multiplied by a factor of 10 in the past decade, to about 25 billion cubic feet a day – roughly third of U.S. output.
- Market Access: The Rover pipeline, one of several pipes coming on-stream in 2018, will start shipping up to 3.25 MMCFD of natural gas. That’s enough to power about 30 million homes.
- Robust Midstream Opportunities: Natural gas production has exceeded available pipeline capacity for several years. Infrastructure is the only thing holding back the Marcellus Shale.
- Sources: Bloomberg
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