United States Oil & Gas Report Q4 2013 - New Report Available

New Energy research report from Business Monitor International is now available from Fast Market Research

Logo

Boston, MA -- (SBWire) -- 10/07/2013 --We have upgraded our net LNG export forecasts to reflect capacity coming online from the Freeport and Lake Charles LNG terminals, the two latest ones approved for non-FTA exports, which opens up the European and north Asian markets. We anticipate that more liquefied natural gas (LNG) export projects will be approved in the coming months. We note a strong upside risk to our forecasts stemming from the nineteen applications under review by the government (DoE) for non-FTA LNG exports.

Natural gas consumption surged in the first three months of the year during snowstorm Nemo in the Northeast. However, over the second quarter, natural gas consumption has been tapered by higher natural gas prices (to a large extent a result of snowstorm Nemo), which prompted a swift switch by utilities to cheaper coal. We have therefore had to revise down our expectations for natural gas consumption. Our new natural gas price forecast for the Henry Hub price anticipates that prices will remain around current levels of US$4/mnBTU to 2015, after which point the combination of ramp up of LNG exports and a large influx of new petrochemicals complexes will alter the dynamics creating a push-pull environment that will result in a new, higher price equilibrium of around US$7mnBTU.

View Full Report Details and Table of Contents

The main trends and developments we highlight in the US oil and gas sector are:

- According to our forecasts, the boom in US unconventional liquids production is set to combine with higher output from the Gulf of Mexico (GoM) to push total liquids supply (crude oil, natural gas liquids, other liquids and refinery gains) to 12.1mn barrels per day (b/d) in 2013. By 2016, we anticipate that total liquids output will have hit 13.3mn b/d, compared to our previous forecast of 12.6mn b/d.
- Crude oil production in the United States has surpassed the 7mn b/d mark and we forecast that it will reach 7.25mn b/d in 2013. We believe that the consumption patterns in the US have gone through a structural shift over the past four years towards much greater fuel economy and efficiency. We forecast that oil consumption growth in the US will stagnate and over the longer end of our forecast actually begin a decline. The main driver of this trend will be the reduction in the growth rates of gasoline and diesel (distillate fuel oil) consumption. Strong summer demand has prompted a slight upward revision to our consumption 2013 estimate.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

- Oil and Gas Pipelines Industry Outlook in North America, 2013 - Details of Operating and Planned Crude Oil, Petroleum Products and Natural Gas Pipelines
- Global Planned Oil and Gas Pipelines Industry Outlook, 2013 - Details of All Planned Crude Oil, Petroleum Products and Natural Gas Pipelines
- TransCanada Corporation Analysis Across the Oil and Gas Value Chain Report, 2013 Update
- Underground Gas Storage Industry Outlook in North America, 2013 - Details of All Operating and Planned Gas Storage Sites to 2017
- Oil and Chemicals Storage Industry Outlook in North America, 2013 - Capacity Analysis, Forecasts and Details of All Operating and Planned Storage Terminals to 2017
- Antrim Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2013
- Valero Energy Corporation Analysis Across the Oil and Gas Value Chain Report, 2013 Update
- OAO Novatek Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2012
- Enterprise Products Partners L.P. Analysis Across the Oil and Gas Value Chain Report, 2013 Update
- Plains All American Pipeline, L.P. Analysis Across the Oil and Gas Value Chain Report, 2013 Update

Media Relations Contact

Bill Thompson
Director of Marketing
800-844-8156
http://www.fastmr.com

View this press release online at: http://rwire.com/344728