Wednesday, March 02, 2016 12:44:36 PM
Despite stunted production growth, demand will continue to expand. ExxonMobil’s latest energy outlook shows global demand growing 25% going into 2040. The company believes that “all of the world’s energy sources will be needed to meet rising demand to 2040, but there will be a marked shift toward cleaner fuels, particularly natural gas,” according to the report. The US has over 400 Tcf in proven natural gas reserves to meet the growing demand, with a projected 65% increase in production. Given the versatility and clean burning nature of natural gas, the EIA predicts the US to be a net-exporter of natural gas mid-2017 (the first time since 1955).
A major part of the natural gas charge will be America’s liquefied natural gas capabilities. The country’s vast unconventional plays provide the perfect LNG playground, with over 110 current LNG plants. API showed the implications of LNG within the US in their study with ICF International up until the year 2035. Not only would LNG lead to natural gas exports, but it would also add $10 – $31 billion to state economies such as Louisiana, Texas, and Pennsylvania and $2.6 – $5 billion to state economies with large manufacturing bases of steel, cement, and other commodities. Both groups of states could see 60,000 – 115,000 and 30,000 – 38,000 additional jobs respectively. The US currently has 11 LNG export terminals approved and awaiting construction.
ExxonMobil however still believes in the energy deliverability of conventionally produced natural gas. Their energy outlook report goes on to say, “We expect conventionally-produced natural gas to remain the cornerstone of supply, meeting two-thirds of global demand in 2040”. The US alone consumed 75.5 Bcf/day in 2015 and is expected to grow to 76.6 Bcf/day in 2016 and 77.2 Bcf/day in 2017. While natural gas consumption in the electric power sector is expected to decrease by 1.4% by 2017, gains in fertilizer and chemical industries, residential, and commercial sectors will continue to push demand.
Recent SWN News
- Southwestern Energy Announces First Quarter 2024 Results • Business Wire • 05/02/2024 08:20:00 PM
- Southwestern Energy Schedules First Quarter Earnings Release Date for May 2, 2024 • Business Wire • 04/17/2024 08:42:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:31:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:28:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:18:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:15:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:12:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:06:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:21:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:20:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:18:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:17:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:16:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:14:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:13:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:11:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:08:31 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 02/22/2024 10:22:27 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/22/2024 10:12:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 10:10:05 PM
- Southwestern Energy Announces Fourth Quarter and Full Year 2023 Results • Business Wire • 02/22/2024 10:08:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 02/15/2024 10:13:41 PM
- Southwestern Energy Schedules Fourth Quarter Earnings Release Date for February 22, 2024 • Business Wire • 02/15/2024 10:06:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/25/2024 06:48:52 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 01/12/2024 10:00:12 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM