Title : Tuesday, February 6, 2018 -- US Northeast Becomes A Net Exporter Of Natural Gas To Canada -- RBN Energy
link : Tuesday, February 6, 2018 -- US Northeast Becomes A Net Exporter Of Natural Gas To Canada -- RBN Energy
Tuesday, February 6, 2018 -- US Northeast Becomes A Net Exporter Of Natural Gas To Canada -- RBN Energy
Active rigs:| $63.28↓ | 2/6/2018 | 02/06/2017 | 02/06/2016 | 02/06/2015 | 02/06/2014 |
|---|---|---|---|---|---|
| Active Rigs | 58 | 40 | 42 | 137 | 191 |
RBN Energy: US northeast becomes a net exporter of natural gas to Canada. (Meanwhile, Massachusetts imports natural gas from Russia -- previously reported -- but I digress.)
In 2017, the U.S. Northeast sent more natural gas to Canada than it received, making the region a net exporter for the first time on an annual average basis. That marks another milestone in the ongoing flow reversal happening in the Northeast, led by the growth of local gas supply from the Marcellus/Utica shales.
For now, the region still relies on Canadian gas during the highest winter demand months, but imports from Canada in all the other months are increasingly unnecessary as Northeast gas production balloons further. Today, we look at evolving dynamics at the U.S.-Canadian border in the Northeast.
This is Part 2 of a series updating our analysis of changing gas flows along the U.S.-Canada border, a topic we first covered in-depth in a blog series back in 2013. We began with a macro view of total U.S. gas flows across the Canadian border. As we noted, Canadian gas production last year rebounded to the highest level in 10 years, spurred on by rising gas demand from gas-fired power generation, as well as the oil sands production in Alberta, which depends on large volumes of steam.
At the same time, Canadian producers are facing ever-increasing competition from soaring U.S. gas supply, led by enormous growth in the Marcellus/Utica shales in the Northeast. Not only is that supply growth continuing to put the squeeze on any remaining inbound flows of supply to the Northeast from other regions, including Canada, but as inbound pipeline capacity is reversed and new capacity built, it is increasingly overtaking market share of demand in other U.S. regions, as well as north of the border in Ontario, where gas-fired power generation demand has been growing.
Thus Article Tuesday, February 6, 2018 -- US Northeast Becomes A Net Exporter Of Natural Gas To Canada -- RBN Energy
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