underground spaces — listed at nearly 777 billion cubic feet statewide — could be reached briefly this year, reports the Pittsburgh Tribune-Review.
Industry analysts point to mild winter weather and a near fourfold bump in natural gas production as reasons.
************************************************************************************************************
For thorough coverage of environmental news, issues, legislation and regulation in New Jersey and Pennsylvania, try a free subscription to EnviroPolitics, our daily newsletter that also tracks environment/energy bills–from introduction to enactment
***********************************************************************************************************
Gavin Roberts, an energy analyst for Colorado-based Bentek Energy, predicts that a hotter summer will force electricity
producers to rely more on natural gas as a power-generation fuel.
That could help lessen the demand for gas
storage space underground, where energy companies use natural geologic
formations to hold the extracted fuel.
Tribune-Review staff writer Adam Smeltz reports:
“The federal Energy Information Administration
(EIA) has not released June storage totals in Pennsylvania, but national data
for May show the upward trend stretches across the country. At month’s
end, working natural gas inventories nationwide hit about 2.9 trillion
cubic feet, 31 percent higher than May 2011 levels, according to the
agency.
“That number is likely to swell to 4.2 trillion
cubic feet by autumn, up from 3.9 trillion cubic feet last year,
according to Bentek’s projections. Roberts estimated the national
storage capacity at 4.5 trillion cubic feet.
“Storage levels have been high since spring,
helped along by moderate winter temperatures that kept a lid on heating
fuel demands. Meanwhile, EIA data show natural gas production in
Pennsylvania has more than quadrupled since 2009.
“And “there’s still a lot of capacity that’s
been drilled and developed but is not online,” said Thomas Murphy,
co-director of the Penn State Marcellus Center for Outreach and
Research. He pointed to state numbers, which show about half of the
Marcellus shale wells drilled in Pennsylvania are not yet feeding
pipelines.”
Related energy news stories:
US gas futures higher at midday ahead of holiday
Gas Storage Levels Already at 75% Capacity
An investigation with election & enviro (maybe) impact
Fate of NJ solar industry rescue bill now up to Governor
Enviro-engineering firm, HRP Associates, expands to Pa.