Northeast Gas Demand Is Huge and Growing Along with Supply

northeast gas demandCabot Oil & Gas Corporation
Well Said Cabot

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Northeast gas demand is unbelievably large and growing. Companies such as Cabot are helping meet that demand and several pipeline projects will ensure it.

Cabot is pleased to help families and businesses stay warm as cold weather settles in for the season.

We’re producing roughly 2 billion cubic feet of natural gas – every day – to help heat our homes, hospitals, schools, offices, factories, as well as power our electric grid (and thereby also help those families who use electricity for heating).

In the Appalachian/mid-Atlantic region, where Cabot’s operations are principally located, natural gas is vital to keeping families warm.

In Pennsylvania, half of households use natural gas for heating. In Ohio, 65 percent of households use gas for heating, in West Virginia it’s 40 percent, in Maryland it’s 44 percent, in New Jersey it’s a remarkable 75 percent, and in New York it’s nearly 60 percent.

Now, as neighborhoods from the Ohio River Valley to New England and beyond face temperatures in 40s, 30s and colder – along with blustery wind and snow –  know that Cabot will continue working (whatever the temperatures or conditions) to deliver reliable, affordable natural gas to local communities.

northeast gas demand

Cabot Oil & Gas

Key to that reliability are new pipeline projects like the Atlantic Sunrise Project, which came into service in October after almost five years after initially announced. New pipeline capacity like that of Atlantic Sunrise, the planned Leidy South expansion project, PennEast Pipeline and others are essential to keeping natural gas prices affordable as demand increases as temperatures fall.

Cabot’s natural gas production has helped overall U.S. natural gas production average 83.2 billion cubic feet per day in 2018 – should the average daily production hold, this year will mark a new American record.

The robust production “is expected to provide flexibility and optionality to compensate for below-average storage inventories at the beginning of the winter heating season,” explains the Natural Gas Supply Association (NGSA).

NGSA’s 2018-2019 Winter Outlook for Natural Gas forecasts that America’s “overall natural gas demand is projected to be more than 102 Bcf/day. Although that is a record amount of winter demand, it is only 3 percent more than the winter of 2017-2018, thus, customer demand is expected to place neutral pressure on natural gas prices.”

Similarly, the American Gas Association (AGA), reported that residential natural bills could be lower this winter compared to last year due to expectations of a warmer-than-normal winter.

AGA’s Richard Meyer explained,

“As natural gas utilities prepare for another winter heating season, record levels of production are offsetting lower storage inventories in the supply mix while prices remain low and stable. We continue to see robust supply that is well positioned to serve customer needs. These trends could speak to an evolution of how utilities and others make strategic use of natural gas storage.”

We know it’s cold and will remain so for the next few months. So as we all bundle up to head outdoors, we can assure families that while indoors we’ll do our part to help maintain America’s robust natural gas supply flowing to warm their homes and neighborhoods.

Reposted, with permission, from Well Said Cabot.

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5 thoughts on “Northeast Gas Demand Is Huge and Growing Along with Supply

  1. In the Fracked and gas extraction counties like mine,
    less than 4% are using unnatural gas….
    or Fracked gas….
    I don’t use the term, natural gas .
    And 96% of us are able to stay warm for the winter.
    We don’t need Cabot and their almost 700 DEP Violations.
    And we got through our winters fine before Cabot and others invaded our rural counties…

    • The future of world energy relies on Natural Gas it is not only cheaper, its cleaner and the United States is moving to be the number one supplier in the world. Oil is on its way to extinction while natural gas because of “fracking” and new technology will replace oil as the number one energy of the world.

  2. I see the author of this post doesn’t want to give his by-line anymore. Perhaps he’s worried that real Susquehanna Countians might print out his photo and use it as a dart-board.

  3. Well Vera that’s because in most rural areas where there are no under road gas lines like in the city of Ithaca to bring you gas service. Who do you think your kidding? Most everyone in your neck of the woods uses propane and oil… but they come from the energy fairy huh…

  4. Vera,

    EIA data on PA indicates “About 51% of Pennsylvania households use natural gas as their primary home heating fuel, 22% rely on electricity, 17% use fuel oil, 4% use propane, and nearly 3% burn wood.”

    Testimony by the head of the PA Public Utility Commission, Gladys Brown, April 26, 2017:

    “Natural gas development is not only fueling growth of existing companies, but also the creation of new enterprises. Leatherstocking Gas Company (Leatherstocking) was certificated as a new NGDC in 2012 and now serves a growing number of residents and businesses in Susquehanna County. Leatherstocking’s formation addressed demands for access to shale gas being produced in that region. Leatherstocking is the first new NGDC to gain PUC certificated authority in more than a half-century.”

    Somebody’s buying natural gas in Susquehanna County.
    Where’s your data source on Susquehanna PA residents?

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