The North American natural gas market will undergo unprecedented changes over the next five years.
The North American gas market will undergo unprecedented changes over the next five years as traditional supply regions become net demand regions, and the continent’s largest demand region, the Northeast, becomes a major supply area. BENTEK expects total U.S. and Canadian natural gas production will grow by about 11 Bcf/d (14%) between 2012 and 2017, but more than 80% of that growth is expected to take place in the Northeast. The massive increase of Northeast supply will result in a dramatic shift in gas pipeline flows across the continent. It also will fuel rapid demand growth in the power sector as well as LNG exports from the Northeast and Southeast regions.
BENTEK's CellCAST: Volatility Returns to Regional Natural Gas Markets
reviews these market changes and provides a five-year supply/demand balance forecast for each region of the U.S. and Canada. This Market Alert was built using BENTEK’s CellCAST™
, which is an extensive natural gas database that provides five-year forecasts for the key fundamentals of supply, demand, storage and flows in regional North American markets.