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NWGA Releases Pac NW Natural Gas Report

Several agencies in the Pacific Northwest gas market released a report today outlining the natural gas supply and demand for the next 4 years.

From Red Orbit:

The report indicates that natural gas demand in the Pacific Northwest is expected to grow. 1.9% annually, for a total of 7.2% through 2012, given normal weather conditions and expected economic and population growth. The accompany Table 1 shows projected regional demand growth through 2012. Forecast growth in demand for each customer group under a number of growth scenarios is also shown.

The report says that supply looks adequete for the next 4 years, but warms against “Peak Demand”:

Under expected conditions, existing natural gas pipeline and storage capacities and planned storage expansions are adequate to serve regional needs through this study period (2012). Projected peak day demand approaches the capacity of the region’s infrastructure, which is being used very efficiently and has little redundancy.

The changing nature of the region’s demand for natural gas (peak demand growing faster than baseload demand) means a need exists to closely monitor infrastructure adequacy. Because stored gas is generally a more cost-effective means of meeting seasonal and peak market needs, the industry has already responded by expanding the region’s gas storage capacity.

New pipelines to serve the region are now under consideration. Several would link proposed LNG import terminals to the region’s existing natural gas infrastructure and are contingent on construction of those terminals. If built, they would add supply diversity and incremental capacity to the region’s existing natural gas infrastructure.

Click Here For the full article by Rita Tubb.

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