RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Demand for imports of condensate to use as a diluent for blending with heavy Canadian bitumen crude is expected to increase from 200 Mb/d in 2013 to over 500 Mb/d by 2020 according to the Canadian Energy Research Institute.
Over the past week (Jan 13-20, 2013) the ethane-to-gas ratio has recovered slightly from 0.99 to 1.05, mostly due to a 3 cnt/gal increase in the price of purity ethane at Mont Belvieu (OPIS 24.5 cnts/gal). [See today’s Spotcheck “Ethane to Henry Hub Gas Ratio” graph. Cli
During 2012 the FERC jumped into the ring to involve itself in the long running debate to improve coordination between the gas and electric power industries.
The pipelines transporting Western Canadian crude oil to US markets are full to overflowing. Space on the main lines is being rationed. As much as 250 Mb/d of new production is expected online during 2013.
Throughout 2012 and into this January natural gas producers have done far more hedging than consumers with the Henry Hub NYMEX futures contract. Producers are still locking in higher prices on the forward curve to protect the value of their future production in the ground.
When Plains All American began building out their terminal at St. James in 2004 the business model was based on crude imports flowing through LOOP.
Last week in Ethane Asylum Big Time we looked at the implications of ethane rejection at a typical Eagle Ford plant, using as our example the model developed a few weeks back in our blog series titled How Rich is Rich – Gas Processing Economics – Part 3. In order to get to the
Mexico’s pipeline infrastructure is struggling to meet booming demand for cheap US natural gas imports across the Rio Grande. To open the way for increased flows of gas the state energy company PEMEX has launched an ambitious pipeline construction program on both sides of the border.
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We learned from our friends at Bentek this week that gas demand from the power sector averaged a record 25 Bcf/d in 2012 – nearly 20 percent higher than 2011.
By the end of this week (Friday January 11, 2013) Phase 2 of the Seaway Reversal pipeline project that delivers crude from Cushing to Houston is supposed to have come online - expanding pipeline capacity from 150 Mb/d to 400 Mb/d.
