RE: Opinion. October 17, 2021. Should Natural Gas Pipelines Projects Be Cancelled in the United States

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RE: Opinion. October 17, 2021. Should Natural Gas Pipelines Projects Be Cancelled in the United States

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altleft in LeoFinance • 3 years ago

I am not familiar with the pipeline you are talking about, but most of the controversial pipelines I know about are (or were) being built to export natural gas to other countries (where the price is much higher).

The US does not import much from Russia at all: most of the natural gas used in the US comes from cheap US and Canadian sources. US and Canadian gas exporters would prefer to ship their gas to other countries that would pay them more. Obviously this would not be great for natural gas consumers in the US.

3 years ago in LeoFinance by altleft

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marcusantoniu26 3 years ago

When other countries sell their gas to us, I am sure it is not cheap

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altleft 3 years ago

And there are an abundance of natural gas pipelines in the US for internal gas delivery:
https://www.eia.gov/energyexplained/natural-gas/natural-gas-pipelines.php

How did this transmission and distribution network become so large?
About half of the existing mainline natural gas transmission network and a large portion of the local distribution network were installed in the 1950s and 1960s because consumer demand for natural gas more than doubled following World War II. The distribution network has continued to expand to provide natural gas service to new commercial facilities and housing developments.

Natural gas prices increased substantially between 2003 and 2008. Higher prices gave natural gas producers an incentive to expand development of existing fields and to begin exploration of previously undeveloped natural gas fields. Advances in drilling and production techniques led to increases in production from shale and other tight geologic formations. These increases in production contributed to general declines in natural gas prices since 2009, which in turn contributed to increases in demand for natural gas for electricity generation and by industry. Consequently, new transmission pipelines were constructed and others are being built to link the expanded and new production sources to more consumers around the country, most notably in the Northeast.

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altleft 3 years ago

The United States now produces nearly all of the natural gas that it uses.
U.S. dry natural gas production in 2020 was about 33.5 trillion cubic feet (Tcf), an average of about 91.5 billion cubic feet per day and the second-highest annual amount recorded. Most of the production increases since 2005 are the result of horizontal drilling and hydraulic fracturing techniques, notably in shale, sandstone, carbonate, and other tight geologic formations. Natural gas is produced from onshore and offshore natural gas and oil wells and from coal beds. In 2020, U.S. dry natural gas production was about 10% greater than U.S. total natural gas consumption.
https://www.eia.gov/energyexplained/natural-gas/where-our-natural-gas-comes-from.php

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