ADI presented at two sessions some of its research and insights based on its consulting work at the 2018 World Gas Conference in Washington, DC last week. The second focused on natural gas-fired power generation.
The supply of natural gas is growing globally at 1.6% annually. United States, the world’s largest gas producer, will also increase production more than any other country over the next five years, accounting for over 40% of the global growth. Natural gas supply in the U.S. will continue to be abundant and cheap, with a significant share of the U.S. natural gas resource base being produced at prices below $4 per Mcf. This is driven by declining well costs and a rising share of price-inelastic associated gas.
Natural gas use for power generation is growing in the U.S. and has been a key contributor to the reduction of carbon dioxide in the country as it has been displacing coal. Gas-fired power is cheap and growing but is not evident from new gas turbine unit sales which have been flat for the past decade globally and in several regions.
In the presentation we have assessed and forecasted U.S natural gas supply by play and demand by application. We have also assessed gas turbine and steam turbine unit sales, capital costs, and installed capacity by region.
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About ADI Analytics
ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy transition, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum https://www.adi-analytics.com/forum/.
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