(September 9, 2014 – NGI Gas Daily) NatGas Supply-Demand Convergence Coming, But It Will Take A While (By: Richard Nemec)
A flood of proposed pipeline capacity along with liquefied natural gas (LNG) exports will spur demand toward convergence with booming supply between 2025 and 2030 and driving U.S. economic growth, several natural gas experts told an industry group in Chicago Monday.
America's Natural Gas Alliance (ANGA) Executive Vice President Frank Macchiarola painted a bullish picture for attendees at the LDC Gas Midcontinent Forum, characterizing the "shale revolution" -- which created the need for his producer-driven trade association -- as still being in the "infancy stage."
There have been record levels of proposed U.S. pipeline projects, which amount to $18 billion in investments announced since May 1, according to Rick Smead, managing director at RBN Energy LLC's consulting services.
"Big, new pipeline capacity is proposed all over the place these days. Since May, there has been $18 billion in new pipeline capacity proposed in an industry that not too long ago was worth $50 billion nationwide, so it is growing at an incredible pace,"Smead said.
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