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Questions About Natural
Gas...
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| Learn More
About Natural Gas! |
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Question:
How much can residential consumers expect to pay for natural gas this year?
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U.S. residential natural gas prices are projected to average $13.83 per thousand cubic feet (Mcf) this year, 6.4 percent higher than last year’s price of $13.00 per Mcf. |
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Learn More: Review projected residential natural gas prices in EIA's Short Term Energy Outlook. |
| Last updated: April 15, 2008 |
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Question:
What are the major factors affecting natural gas prices?
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Numerous underlying factors
affect natural gas prices. Depending on the factor-for
example, production, imports, demand, oil prices,
and natural gas inventories -- each can apply
either upward pressure ( ) or downward pressure ( )
or neutral pressure on prices ( ). |
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Increasing Production
- Total U.S. marketed production of natural gas is projected to increase 2.9 percent in 2008. |
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Declining Imports - Net imports of natural gas are projected to decline 6.8 percent in 2008. |
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Slow Demand Growth - Total natural gas consumption is projected to increase by 1 percent in 2008. |
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High Oil Prices
- Some large-volume customers (primarily industrial consumers and electricity generators) can switch between natural gas and oil, depending on the prices of each. Because of this interrelation between fuel markets, when oil prices rise, the shift in demand to natural gas drives prices upward. |
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High Natural Gas Inventories - As of April 4, 2008, natural gas in storage was 1,234 billion cubic feet (Bcf), which was just below the 1,257 (Bcf) 5-year average for that time of year. |
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More: For a detailed discussion on residential
natural gas prices, see Residential
Natural Gas Prices: What Consumers Should Know and
our latest Short-Term
Energy Outlook. |
| Last updated: April 15, 2008 |
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Question:
What is the average cost of natural gas used for electric
power generation?
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In 2006, the average annual price of natural gas
used for electric power generation was $7.11 per Mcf
(thousand cubic feet). |
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Learn More: Annual natural gas prices |
| Last updated: April 14, 2008 |
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Question:
Where can I find international prices for natural gas?
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EIA provides international natural gas prices for
selected countries by sector (electric generation,
household, industry). |
| Learn More: International
natural gas prices |
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Last reviewed: April 17, 2008 |
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Question:
What percentage of homes in the U.S. use natural gas for
heating?
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Question:
How much natural gas is consumed (used) in the U.S. (total and by end use)?
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Question:
Which four States consume the most natural
gas?
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| 1. Texas … 3.4 Tcf (Trillion Cubic Feet)
2. California … 2.3 Tcf
3. Louisiana … 1.2 Tcf
4. New York … 1.1 Tcf
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Learn More: Natural gas consumption by State |
| Last updated:April 15, 2008 |
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Question:
Where do I find the EIA's methodology for calculating the
year-ago and 5- year averages in the Natural Gas Weekly
Storage Report?
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Question:
What is the volume of natural gas reserves in the U.S. and
worldwide? Is there enough to meet future needs?
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The United States had about 211 trillion cubic feet (Tcf) of proved, dry natural gas reserves in 2006. Proved world reserves are about 6,183 Tcf (Source: Oil and Gas Journal, December 2006 estimate).
Yes, there should be sufficient reserves to meet expected demand well into the future based on EIA's latest estimates of U.S. and total world natural gas consumption from 2006 through 2030, nearly 580 Tcf and 3,382 Tcf, respectively.
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Learn More: U.S.
Natural Gas Reserves Summary and World
Crude Oil and Natural Gas Reserves |
| Last updated: April 16, 2008 |
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Question:
What greenhouse gas emissions are associated with natural
gas in the U.S.?
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Natural gas is primarily methane, which is a major greenhouse gas. Methane is emitted directly to the atmosphere from sources such as leaks in natural gas wells, coal mines, and pipelines. It is also emitted from landfills, sewage treatment facilities, livestock operations, and industrial processes. Other major greenhouse gases, carbon dioxide, nitrous oxides and water vapor, are produced when natural gas is burned for heating and electric power generation. Direct methane emissions and carbon dioxide emissions from natural gas combustion in 2006 were about 25 percent of total U.S. emissions of greenhouse gases (in carbon dioxide equivalent).
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Learn More: Emissions of Greenhouse Gases in the United States 2006 |
| Last updated: April 11, 2008 |
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Question:
Which States produce the most natural gas?
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Question:
What is the total underground natural gas storage capacity?
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There are several ways that total underground working gas capacity may be measured. The Energy Information Administration (EIA) estimated that inAugust 2007 that, after adjustment for operational considerations that hinder the attainment of full storage at all fields simultaneously, a likely practical estimate for maximum industry-wide working gas capacity is roughly 3.7 Tcf. However, based on design capacity estimates, U.S. working gas capacity was 4.10 Tcf as of the end of July 2007.
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Learn More: Estimates
of Maximum Underground Working Gas Storage Capacity
in the United States |
| Last updated: April 15, 2008 |
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Question:
How can I choose my natural gas supplier in my State?
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Residential consumers in some States have the opportunity
to choose their supplier for the natural gas itself.
Suppliers are either the local distribution company
or approved gas marketers. Regardless of supplier,
the local distribution company continues to provide
local transportation and distribution services. |
| Learn More: To find out more about States that
have "customer choice"
programs, see Natural
Gas Residential Choice Programs. |
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Last reviewed: April 17, 2008 |
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Question:
Can I obtain a list of companies involved in the natural
gas industry, such as utilities, pipeline companies, and
storage operators?
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| Yes. EIA collects and publishes a list of natural
gas underground storage operators by State. EIA
also collects and publishes information on natural
gas investor-owned local distribution companies (LDC),
municipally-owned LDC, and pipeline companies, which
can be downloaded from the EIA-176
Query System. |
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Last reviewed: April 17, 2008 |
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Question:
Where are the historical spot prices for natural gas?
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| EIA does not collect daily spot price information, but instead relies on a private vendor. EIA publishes daily spot prices for the Henry Hub, Transco Zone 6 NY, Chicago, and an average for selected California locations on a weekly basis and these can be found in the Natural Gas Weekly Update (NGWU). A time series of the daily spot price data for these locations and all others in the Lower 48 States are available from the data vendor, Intelligence Press, Inc. EIA also publishes historical monthly average Henry Hub spot prices in its Short Term Energy Outlook query system. |
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Last reviewed: April 17, 2008 |
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