Natural gas markets in northeastern North America will undergo significant fluctuations during the coming decade, says the CERI (Canadian Energy Research Institute), and pipeline capacity will play a key role in determining gas prices within that region. CERI's conclusions follow an in-depth market analysis that focused on the area's market potential for natural gas, the impact of gas supplies from the Sable Island gas fields development off Nova Scotia, and the corresponding pricing and basic relationships that will develop among the major (existing and potential) market centers within the area. As natural gas demand grows, the Northeast region will have an unprecedented access to gas from an increased network of pipeline facilities to serve the Northeast and from a new supply source -the Sable Island Offshore Energy Project. Factors affecting the differential between prices in one area and another (basic) include the introduction of these gas supplies and the extraordinary growth in gas-fired electric power generation in Atlantic Canada and northern New England as well as in other potential residential, commercial, and industrial gas markets in the area, CERI says. These elements, along with such traditionally unpredictable factors as weather, transportation constraints, supply disruptions, and power plant outages, all contribute to current uncertainty of future gas-price relationships in the area.
Pipeline capacity key to gas-price market stability in northeastern US and Canada
Pipelinekapazität und Erdgaspreisstabilität in Nordamerika
Oil and Gas Journal ; 98 , 35 ; 52-56
2000
4 Seiten, 4 Bilder, 1 Tabelle
Aufsatz (Zeitschrift)
Englisch
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