Natural gas: Life after the bubble
Journal Article
·
· World Oil; (USA)
OSTI ID:7262935
- The Gas Price Index, Houston, TX (US)
According to the author, the bubble is just about history. The gas supply base shrunk by 6 Tcf to 148 Tcf by year-end 1988 and is expected to fall by another 7 Tcf this year. In 1989, annual deliverability will drop below 19 Tcf or an average of about 1,600 Bcf, which is too close for comfort to the maximum monthly production rate that regularly occurs in winter months. Monthly peaks during severe weather have pushed occasional monthly production to well over 1,700 Bcf. Given any kind of long-lasting cold snap affecting most of the Northeast and Midwest, such peaks could stress the system to the point of random deliverability shortfall this winter. And certainly, if not this winter, shortfall will come earlier and more frequently during the 1989-90 winter season as the deliverability slide goes on. A shortfall will likely be pipeline and/or market area specific, and will result from deliverability as well as operating problems. There are an increasing number of fields in which maximum rates cannot be sustained for any length of time.
- OSTI ID:
- 7262935
- Journal Information:
- World Oil; (USA), Journal Name: World Oil; (USA) Vol. 208:2; ISSN 0043-8790; ISSN WOOIA
- Country of Publication:
- United States
- Language:
- English
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