New York State Energy Planning Board · 02-04-2012 · New York State Energy Planning Board U.S....
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New York State Energy Planning Board
U.S. Natural Gas Production: A Resource Assessment and
NYS Market Impact
Charles M. Wesley Program Manager, NYSERDA
April 2, 2012
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Presentation Overview
• Natural Gas Resource Basins
• Dry Gas & Natural Gas Liquids (NGLs)
• Prices
– EIA Average Annual Outlook
– Henry Hub Spot Price
– NY Citygate Prices
– Winter Demand Price Impacts
• Northeast Pipeline Expansion Projects
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Cont.
4%
Methane
68%
Natural
Gasoline
2%Butanes
4%
Propane
9%
Ethane
13%
TYPICAL UNPROCESSED GAS
Methane 68%
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0
5
10
15
20
25
30
1990 1995 2000 2005 2010 2015 2020 2025 2030 2035
2%
Non-associated offshore
Projections History
Associated with oil
Coalbed methane
Net imports
Non-associated onshore
Shale gas
2009
11%
1%
9% 7%
9% 9%
20%
14%
8%
8%
6%
46%
Alaska 1%
Tight gas 28% 22%
Shale gas offsets declines in other U.S. supply to meet consumption growth and lower import needs
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U.S. dry gas trillion cubic feet per year
Source: EIA, Annual Energy Outlook 2011
AEO2011, April 2011
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New Jersey – New York Expansion Project
Purpose:
Extends Texas Eastern reach farther into New Jersey and into New York City for the first time
Project Scope:
800 MMcf/d expansion connecting Northeastern PA Marcellus supplies with a new delivery point in Manhattan
CapEx: ~$1.2 billion
Customers:
Chesapeake Energy (20 years)
Consolidated Edison (15 years)
Statoil Natural Gas (20 years)
Project Status:
Filed FERC application Dec 2010
In-Service: 2H13
Facilities: 15.9 miles of new 30” pipe extending from Staten Island to Manhattan, NY Replacement of approximately 5 miles of pipe with 42” pipe on Texas Eastern
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Natural Gas Storage Volumes
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Questions and Discussion