The EIA’s recent report revealed a larger-than-expected withdrawal of 9 billion cubic feet (bcf) from natural gas storage for the week ending March 8, surpassing analyst predictions of a 3 bcf withdrawal. Comparison to Past Data This withdrawal is a significant deviation from the same period ...
The 2022 average wholesale US natural gas spot price at the Henry Hub was the highest in real and nominal terms since 2008, averaging US$6.45 per million Btu, according to data from Refinitiv Eikon. Daily prices reached a high of US$9.85/Btu on 22 August 2022 and a...
This disparaging comment popularized by Mark Twain on the use of numbers to bolster an argument is apropos more than 100 years later regarding natural gas production data gathered by the U.S. Department of Energy's Energy Information Administration. After hearing concerns that the data could be ...
The storage of working gas in the United States usually turns to decrease in November and continues to drop in April when heating season ends in the country, according to previous data. Working gas is defined as the amount of natural gas stored underground that can be withdrawn for use. Its...
The storage of working gas in the United States usually turns to decrease in November and continues to drop in April when heating season ends in the country, according to previous data. Working gas is defined as the amount of natural gas stored underground that can be withdrawn for use. Its...
Domestic natural gas exports grew by a little more than 1 million ton (Mt) year/year in 2024, the smallest rise in U.S. LNG volumes since international sales began, according to Kpler data. BP Nears Liquefaction at Greater Tortue as Natural Gas Starts Flowing — Three Things to Kno...
A description of the data collection surveys that support the NGM is provided in the Data Sources section. A glossary of the terms used in this report is also provided to assist readers in understanding the data presented in this publication. All natural gas volumes are reported at a pressure...
According to EIA, the United States exported more liquefied natural gas (LNG) than any other country in 2023. U.S. LNG exports averaged 11.9 billion cubic feet per day (Bcf/d)—a 12% increase (1.3 Bcf/d) compared with 2022. In particular, LNG exports from Australia and Qatar—the worl...
EIA expects dry natural gas production to total 34 trillion cubic feet (Tcf) in 2019 once the final data is in. In the AEO2020 Reference case, EIA projects that U.S. dry natural gas production will reach 45 Tcf by 2050. Production growth results largely from continued development of tight...
Since November, New England has had the highest average spot natural gas prices in the nation. Average prices at the Algonquin Citygate trading point, a widely used index, have been $3/MMBtu higher than prices at the Henry Hub, and more than $2/MMBtu higher than average spot price at ...