Where is all the gas going?

We've always had enough gas right? I mean we used what we needed with out worry if there was enough. Now according to the Valley News Dispatch Pittsburgh, Pa Feb 18 2015 gas production went from 748M in 2006 to 2.083T in 2014. Can someone do the math on that? Where has all that gas gone to? Has someone stock piled it? It's mind boggling how things have shifted the movement of gas and all. I mean how can you use more than what you need?

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Permalink Reply by Joe on February 27, 2015 at 6:13pm

To many zeros for me but isn't that a 2788% increase?

Permalink Reply by jason on February 28, 2015 at 2:42pm

Too many zeros for me too but I am coming up with 278,748% increase? Regardless it is an amazing number.

Permalink Reply by Tim Tarr on February 27, 2015 at 7:34pm

No, we were starting to build import terminals. Those built are slowly being converted to export. Also keep in mind those are Pa #'s. Not US numbers, Pa is starting to be a net exporter. Now I would like Pa to be net exporter of energy (all) not just gas!

Using gas to get there ; )
Permalink Reply by Janice L. Hancharick on March 1, 2015 at 9:59am

Your info is solid Tim.  I've read a good bit lately on the subject of natural gas becoming a part of solar, wind, and  hydro energy sites.  The world's demand for energy is growing non-stop, and lately Mother Nature has played a strong role in making the marriage of clean-burning fossil fuels with sun/wind/and water an obvious necessity.  Each one receives gov't. help on some level, but none can solely fulfill the energy needs of our own country let alone the world.

Permalink Reply by Jim Litwinowicz on March 2, 2015 at 2:52am

Like Tim said these are Pa numbers  Pa went from almost non-existent to the biggest, baddest dude on the block.  And Pa gas is cheap to produce so because of that areas like the Barnett and the Haynseville have declined as has off shore Gulf gas. And the US used to import a lot of gas from Canada and over seas . We are now converting import terminals to export.

On the demand side, nat gas has replaced coal as the biggest source of energy to make electricity. Industry has increased nat gas use also.  Trucking is converting, although not fast enough IMO.

Gas should remain as the cheapest clean energy source for years, probably decades, so we will see an increased use of it to run our economy.

Permalink Reply by Tim on March 2, 2015 at 2:56am

Jim,

Outside of a few older, decommissioned power-plants that our being converted to nat gas use, what are a few other near term, less than 1 year, opportunities to use this gas?

Pipelines, factories, and other major projects are all 2-5 years away.  What do you see as more near term potential for this gas?  

Permalink Reply by Jim Litwinowicz on March 2, 2015 at 3:36am

Tim;

If your looking for something big enough to move prices, I don't see it. There is one export terminal in Louisiana coming online at the end of the year, I think.  There are multiple nat gas co-gen electric plants due this year. There are several pipeline projects that should be completed this year, too. And more nat gas fueling stations will open along the interstate highway system.

But those are small users in compared to total production so it won't move prices much. It will be a couple of years before demand and export capacity catches up with production.

All IMO

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