Tuesday, April 17, 2012
BENTEK's Southeast/Gulf Observer reports natural gas demand from power in the U.S. Southeast region is averaging 7.3 Bcf/d, 35% higher than year-to-date 2011 levels. Low gas prices have made natural gas the fuel of choice for power generation. Gas-fired power plant utilization reached 28% in 2011 and continues to rise. In addition, a number of gas-fired power plants are being built in the Southeast that will further increase regional gas demand from power.
Power plant new builds and re-fires are expected to add 580 MMcf/d incremental gas-fired generation through 2015, with an expected capacity utilization approaching 50% and a heat rate of 7.5. About 300 MMcf/d of this capacity is expected to come online by the end of this year. BENTEK projects gas demand from power generation in the Southeast will increase 2.0 Bcf/d between 2012 and 2018.
Follow BENTEK’s weekly Southeast/Gulf Observer for ongoing analysis of natural gas supply and demand dynamics.
Key features of BENTEK’s Southeast/Gulf Observer:
• Southeast/Gulf analysis of res/comm, power and industrial gas demand
• Infrastructure analysis: Expansions, new builds and maintenance
• Natural gas production, gas pipeline flows to and from other regions
• Gas storage trends in the Southeast
• Prices, pipeline transportation rates and price spreads for key Southeast pipeline flow corridors
• Forward prices and basis for key Southeast and downstream markets
ALSO AVAILABLE FROM BENTEK:
BENTEK’s full line of Observers provides regional coverage of natural gas supply and demand dynamics, price differentials and inflow/outflow analysis.
BENTEK’s Cell Model database balances supply, demand and storage on a region-by-region basis and provides new visibility into the movement of natural gas in the U.S.
To learn more, please contact your BENTEK sales representative or call BENTEK Sales at 1-888-251-1264.