As mentioned earlier, Cheniere Energy was the first company to start shipping LNG, however, the Federal Energy Regulatory Commission (FERC) has only approved up to ten projects with a proposition totaling 15Bcf/d of natural gas export, approximately 20% of natural gas produced in the U.S. in 2015. There are fifteen additional proposals being filed or in a pending status with FERC totaling a capacity of natural gas export of 25Bcf/d.
The U.S. Energy Information Administration (EIA) studied the potential impact of increased exports in 2012. The case study indicated a potential 12Bcf/d of natural gas exports to increase domestic natural gas prices by $1.59/MMBtu.
Clearly, gas is becoming the go to source all across the country, especially in …show more content…
DTE Energy announced that it will retire eight coal-fired electric generating units in Michigan by 2023 in which is 25% of the total electricity produced by the company in 2015. Nearly 18GW of electric generating capacity were retired in 2015, and more than 80% of that was coal-fired. Coal, however, holds a 26% share of the U.S. power capacity, and generation is expected to increase in 2017. With the recent change in government officials, President Trump is leaning towards helping coal by adding stability and possibly de-regulate …show more content…
In a report published in 2012 by the American Chemical Society (ACS), a global dramatic increase in the natural gas industry will result due to an increase in shale gas production in the U.S., meaning:
“Chemical companies from around the world have announced plans for a significant number of new projects to build and expand their shale-advantaged capacity in the United States…expand production capacity for ethylene, ethylene derivatives…the investment is geared toward export markets, which can help improve the US trade deficit.”
In the report, an estimate of 1.2 million jobs will either be developed or supported in addition to 500,000 in the production process. A significant portion of the demand capacity process will utilize methane in the natural gas. Border States Solutions and the University of Texas – Austin projected that a number of petrochemical projects will increase the industrial demand of natural gas by 31% by
The U.S. Energy Information Administration (EIA) studied the potential impact of increased exports in 2012. The case study indicated a potential 12Bcf/d of natural gas exports to increase domestic natural gas prices by $1.59/MMBtu.
Clearly, gas is becoming the go to source all across the country, especially in …show more content…
DTE Energy announced that it will retire eight coal-fired electric generating units in Michigan by 2023 in which is 25% of the total electricity produced by the company in 2015. Nearly 18GW of electric generating capacity were retired in 2015, and more than 80% of that was coal-fired. Coal, however, holds a 26% share of the U.S. power capacity, and generation is expected to increase in 2017. With the recent change in government officials, President Trump is leaning towards helping coal by adding stability and possibly de-regulate …show more content…
In a report published in 2012 by the American Chemical Society (ACS), a global dramatic increase in the natural gas industry will result due to an increase in shale gas production in the U.S., meaning:
“Chemical companies from around the world have announced plans for a significant number of new projects to build and expand their shale-advantaged capacity in the United States…expand production capacity for ethylene, ethylene derivatives…the investment is geared toward export markets, which can help improve the US trade deficit.”
In the report, an estimate of 1.2 million jobs will either be developed or supported in addition to 500,000 in the production process. A significant portion of the demand capacity process will utilize methane in the natural gas. Border States Solutions and the University of Texas – Austin projected that a number of petrochemical projects will increase the industrial demand of natural gas by 31% by