DOCSLIB.ORG

Pacific Northwest Gas Market Outlook Natural Gas Supply, Prices, Demand Calgary

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Pacific Northwest Gas Market Outlook Natural Gas Supply, Prices, Demand Calgary Fort Liard Fort Nelson Western Canadian Sedimentary Basin Fort St. 2020 John Pacific Northwest Gas Market Outlook Natural Gas Supply, Prices, Demand Calgary and Infrastructure Projections Vancouver Avista Utilities Cascade Natural Gas Intermountain Gas through October 2029 Victoria Sumas North Kingsgate FortisBC Energy NW Natural MONTANA Puget Sound Energy This report, compiled by the Northwest Gas Association Seattle Spokane Wenatchee FortisBC System (NWGA), provides a consensus industry perspective on Enbridge BC Pipeline TC Energy GTN the current and projected natural gas supply, prices, TC Energy NGTL Williams Northwest Pipeline demand and delivery capabilities in the Pacific Northwest Other Pipelines Portland through the 2028/29 heating year (Nov-Oct). Rocky Mountain For purposes of this report, the Pacific Northwest includes Basin I D A H O British Columbia (BC), Idaho, Oregon and Washington. Bend Boise O R E G O N W Y O M I N G Additional information can be found at www.nwga.org. Pocatello Medford Malin Klamath Falls Salt Lake City C A L I F O R N I A N E V A D A U T A H NORTHWEST GAS ASSOCIATION 2 0 2 0 O U T L O O K OVERVIEW The Value of Natural Gas in the Pacific Northwest This Outlook contains two new What does natural gas offer to the region? sidebars exploring the timely • Warmth and comfort to 10 million people topics of RNG and carbon • Efficient and affordable space heating, water heating, and heat for cooking and laundry (gas emissions. The RNG sidebar heat is about one-third the cost of electric heat) summarizes current regional efforts • More than half of the total energy consumed in the region – either used directly for space and to capture renewable gas sources water heat or in industrial processes, or as gas-generated electricity. (Excludes transportation from landfills, agricultural waste and wastewater treatment plants, and some of the policies helping uses.) to drive RNG project development. Our carbon • A low carbon footprint – natural gas used for space and water heat in 3.2 million homes emissions discussion takes a frank look at the natural and more than 300,000 non-industrial businesses accounts for less than 10 percent of the gas emissions stream from production to delivery, region’s total carbon emissions, according to EIA data and state and provincial emissions providing data and perspective on a hotly contested inventories issue. • 128,000 miles of installed pipeline infrastructure that safely and reliably delivers energy, This year’s report also combines the Supply and supplemented by underground and above-ground storage facilities capable of delivering Prices discussion into one Market Fundamentals up to 40 percent of required energy during the coldest days section. To ensure the Outlook provides a complete • An invaluable input to some industrial processes for which there is no suitable substitute, picture, we are continuing to provide current data including glass recycling and the manufacture of perlite (a common soil additive), steel and and narrative on supply and prices, but largely as aluminum, paper products and food processing, among many others background information because North American • An alternate fuel source for medium and heavy-duty vehicles that is both more economical natural gas supply will continue to be an ample, and cleaner than diesel engines (see sidebar on natural gas vehicles [NGVs] on p. 10) low-priced commodity for the foreseeable future. • Reliable 24/7 electricity production to replace retired coal plant generation and balance However, where the Outlook truly provides the region’s growing sources of intermittent renewable power, such as wind and solar value – aggregating and analyzing regional demand and delivery infrastructure data to inform And our source of natural gas is increasingly renewable itself – market forces and policymakers and other stakeholders throughout government policy are driving the development of renewable natural gas (RNG; see the Northwest – remains the report’s core focus. sidebar on p. 7), which transforms human and agricultural waste into useful energy. This Updated numbers and our forecast are presented provides even greater prospects for a cleaner mix of natural gas resources to contribute to our in the Demand section and an expanded Capacity energy and environmental future. section, and in the appendices. NORTHWEST GAS ASSOCIATION 2 0 2 0 O U T L O O K • Page 1 EXECUTIVE SUMMARY IN THIS REPORT, we examine the Supply: North American natural gas supply is projected to remain abundant Natural gas will be amply dynamics affecting Pacific for the foreseeable future, despite pressures from continuing low prices. The available for several supply basins on which the Pacific Northwest depends have demonstrated Northwest natural gas generations to come consumers. The Outlook that the resource will be amply available for several generations to come. relies primarily on external, publicly Prices: The relentless quest to drive production costs lower is Economical operations available resources allowing producers to operate economically even in a low-price allow production to for information on environment. Natural gas spot prices at Henry Hub (2017 real US$) are continue at low prices continental natural projected to remain below $5/dekatherm (Dth) until 2050.1 Higher oil gas supply prospects prices also support drilling operations in fields that contain associated and commodity prices, most natural gas supplies. notably the U.S. Energy Information Demand: The forecast growth rate for natural gas use in the region across all sectors Forecast growth in the Administration’s (EIA) 2020 Annual Energy is 1.0 percent/year, about the same as in the last Outlook (1.1 percent/yr.). Forecast residential, commercial Outlook and the Canada Energy Regulator's demand growth in the residential and commercial sectors is slightly less, while industrial and power generation Canada’s Energy Future 2019. demand growth has dropped by half (from 0.5 to 0.2 percent/yr.). Demand for natural gas to generate electricity is forecast to grow slightly, mostly when coal-fired generation sectors is comparable to Regional demand and capacity data are plants are retired in the region. last year's forecast drawn from NWGA member company planning processes, including the most Capacity: NWGA members are constantly evaluating whether there is enough Capacity is sufficient recent Integrated Resource Plans that our pipeline capacity to transport the gas from where it is produced (hundreds of miles with continued members have filed with utility commissions away) to where it is needed and whether we have enough storage capacity to serve throughout the region. loads during the coldest weather. The current answer is yes, as long as infrastructure is infrastructure operating at its maximum total capacity, and storage levels are high. At this time, organic operation at maximum regional growth doesn’t require any new capacity. However, the lead time to bring capacity infrastructure into service is approaching five years, so vigilance remains important. 1EIA AEO, January 2020. Page 2 • NORTHWEST GAS ASSOCIATION 2 0 2 0 O U T L O O K REGIONAL ECONOMIC OUTLOOK Dr. Grant Forsyth, Chief Economist, Avista Corp IN 2020 the U.S. and Canada are facing the most uncertain economic pricing in at least one, maybe two, 0.25 percent rate cuts by the end of 2020. This outlook since America’s expansion started over a decade ago. In both suggests financial markets, unlike the Fed, are less sure that the three rate cuts in 2019 countries, consumers will ultimately decide whether or not North America will be sufficient stimulus for the economy going forward. In contrast, the BOC has falls into an outright recession or continues with lower, non-recessionary held its overnight rate unchanged since October 2018, but has acknowledged growth. consumer spending and housing activity must be closely monitored in 2020. In 2019, U.S. GDP growth was 2.3 percent in the U.S. Canadian GDP More regionally, the Pacific Northwest (Idaho, Oregon, Washington, and British data through the third quarter of 2019 suggests that Canadian growth Columbia) continued to be relatively strong performers in 2019. Employment growth will be around 1.6 percent. However, given weak business investment, in ID-OR-WA combined was 1.9 percent in 2019. Although better than the U.S., it was limited fiscal stimulus, and disrupted international trade, should the slowest growth since 2012. Assuming the correlation between the U.S. and consumers falter, there would be little to stop a recession-like ID-OR-WA holds, then the combined growth of these states should be between 1 slowdown. Specifically, the emergence of the coronavirus is just percent and 1.5 percent in 2020. Thanks to the service sector, BC’s employment the type of shock that could cause both consumers and growth has been unexpectedly strong in 2019—growth was 2.6 percent. However, businesses to pull-back in 2020. the 2020 consensus forecast is for BC’s growth to drop to around 1 percent. Perhaps Averaging across forecasters, both U.S. and Canadian BC can manage another growth surprise in 2020. GDP growth in 2020 is expected to be just under 2 In addition to the coronavirus, it’s useful to consider other shocks that might percent, assuming consumer spending does not slow weaken household and business spending in 2020. One could be a sharp correction significantly. If the U.S. forecast is accurate, this will be in North American equity prices due to a worsening global trade war or a contentious the lowest growth rate for the U.S. since 2013. 2020 U.S. presidential election. A contentious election could create enough policy Inflation rates in both countries are expected to uncertainty that households and businesses pull back on spending. Finally, a hover near the 2 percent target maintained by both significant political crisis outside the U.S.
Load more

Recommended publications
  • Canadian Pipeline Transportation System Energy Market Assessment
    National Energy Office national Board de l’énergie CANADIAN PIPELINE TRANSPORTATION SYSTEM ENERGY MARKET ASSESSMENT National Energy Office national Board de l’énergie National Energy Office national Board de l’énergieAPRIL 2014 National Energy Office national Board de l’énergie National Energy Office national Board de l’énergie CANADIAN PIPELINE TRANSPORTATION SYSTEM ENERGY MARKET ASSESSMENT National Energy Office national Board de l’énergie National Energy Office national Board de l’énergieAPRIL 2014 National Energy Office national Board de l’énergie Permission to Reproduce Materials may be reproduced for personal, educational and/or non-profit activities, in part or in whole and by any means, without charge or further permission from the National Energy Board, provided that due diligence is exercised in ensuring the accuracy of the information reproduced; that the National Energy Board is identified as the source institution; and that the reproduction is not represented as an official version of the information reproduced, nor as having been made in affiliation with, or with the endorsement of the National Energy Board. For permission to reproduce the information in this publication for commercial redistribution, please e-mail: [email protected] Autorisation de reproduction Le contenu de cette publication peut être reproduit à des fins personnelles, éducatives et/ou sans but lucratif, en tout ou en partie et par quelque moyen que ce soit, sans frais et sans autre permission de l’Office national de l’énergie, pourvu qu’une diligence raisonnable soit exercée afin d’assurer l’exactitude de l’information reproduite, que l’Office national de l’énergie soit mentionné comme organisme source et que la reproduction ne soit présentée ni comme une version officielle ni comme une copie ayant été faite en collaboration avec l’Office national de l’énergie ou avec son consentement.
    [Show full text]
  • Pipelines Energy in Oklahoma the Fourth Annual Tulsa Pipeline Expo
    VOLUME 40 | JULY 2012 ine for P gaz ipe a lin M e e r h s PIPELINERS T HALL of FAME N E W S w m w w o .p .c ipelinejobs The Utica Shale Success in the Utica Shale Could Bring Need for More Pipelines Energy In Oklahoma The Fourth Annual Tulsa Pipeline Expo PIPELINERS HALL of FAME N E W S VOLUME 40 JULY 2012 Published by STAFF H. M. “Ike” Stemmer Founder Universal News, Inc. Publisher Courtesy of David Dixon, Snelson Companies, Inc. Tina Bostic President / Editor 10 The Utica Shale [email protected] Success in the Utica Shale Could Bring David Bostic Need for More Pipelines Vice President [email protected] 34 Energy In Oklahoma Bridget Withoff Circulation Manager The Fourth Annual Tulsa Pipeline Expo [email protected] Shannon Solko Raff Circulation DEPARTMENTS EVENT CALENDAR 5 Latest Job Reports Juan Fitzmaurice Marcellus and Utica Art Director 12 Proposed Projects & Updates Infrastructure Summit [email protected] 36 Heard On The Line Pittsburgh, PA July 10-12, 2012 Advertising Representative 41 Pipeline Photos www.pmaconference.com Tina Bostic 830/935-3167 46 Obituaries 50 Business Directory Editorial & Production Offices Pipeline and Safety Regulation Universal News, Inc. Houston, TX P. O. Box 227 July 23-24, 2012 Fischer, TX 78623 www.pmaconference.com Phone 800/790-5551 Fax 325/202-2925 NACE Central Area Conference August 26 – 29, 2012 www.pipelinejobs.com Chicago, IL Contact: NACE International, Postage paid at Midland, Texas. Send your comments, stories and pipeline photos ph (281)228-6200 to [email protected] www.nace.org PIPELINERS HALL OF FAME NEWS is edited for companies and individuals involved in the pipeline Cover Photo Courtesy of construction industry worldwide.
    [Show full text]
  • Canadian Pipeline Transportation System Energy Market Assessment
    National Energy Office national Board de l’énergie CANADIAN PIPELINE TRANSPORTATION SYSTEM ENERGY MARKET ASSESSMENT National Energy Office national Board de l’énergie National Energy Office national Board de l’énergieAPRIL 2014 National Energy Office national Board de l’énergie National Energy Office national Board de l’énergie CANADIAN PIPELINE TRANSPORTATION SYSTEM ENERGY MARKET ASSESSMENT National Energy Office national Board de l’énergie National Energy Office national Board de l’énergieAPRIL 2014 National Energy Office national Board de l’énergie Permission to Reproduce Materials may be reproduced for personal, educational and/or non-profit activities, in part or in whole and by any means, without charge or further permission from the National Energy Board, provided that due diligence is exercised in ensuring the accuracy of the information reproduced; that the National Energy Board is identified as the source institution; and that the reproduction is not represented as an official version of the information reproduced, nor as having been made in affiliation with, or with the endorsement of the National Energy Board. For permission to reproduce the information in this publication for commercial redistribution, please e-mail: [email protected] Autorisation de reproduction Le contenu de cette publication peut être reproduit à des fins personnelles, éducatives et/ou sans but lucratif, en tout ou en partie et par quelque moyen que ce soit, sans frais et sans autre permission de l’Office national de l’énergie, pourvu qu’une diligence raisonnable soit exercée afin d’assurer l’exactitude de l’information reproduite, que l’Office national de l’énergie soit mentionné comme organisme source et que la reproduction ne soit présentée ni comme une version officielle ni comme une copie ayant été faite en collaboration avec l’Office national de l’énergie ou avec son consentement.
    [Show full text]
  • United States Securities and Exchange Commission Washington, D.C
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35358 TC PipeLines, LP (Exact name of registrant as specified in its charter) Delaware 52-2135448 State or other jurisdiction (I.R.S. Employer of incorporation or organization Identification No.) 700 Louisiana Street Suite 700 77002-2761 Houston , Texas (Zip code) (Address of principal executive offices) 877-290-2772 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each Class Trading Symbol Name of each exchange on which registered Common units representing limited partner interests TCP NYSE Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • North America Piping to Greener Pastures
    ISSUE 21 SEPTEMBER 2014 North America Piping to greener pastures EVENT EDITION Protecting your assets, preserving the beauty. Nature is our greatest asset. It needs to be preserved and protected as pipeline networks grow and operational effi ciency becomes a key requirement. NDT Global provides pipeline inspections with a top fi rst run success rate, superior data quality and rapid inspection report delivery to protect your assets and to preserve nature in all its wilderness and beauty. www.ndt-global.com Canada | Germany | Malaysia | Mexico | Russia | Singapore | Spain | U.A.E | USA 157_13_NDT_Ad_Sea_PipelinesInternational_8.5x10.875in_RZ.indd 1 04.08.14 16:20 Halfwave AS | Fjordveien 1 | NO-1363, Høvik | Norway | Phone: + 47 95 81 86 80 | Email: [email protected] www.halfwave.com Halfwave_PINMarch14_FP.indd 1 11/03/14 12:15 PM CONTENTS STATS GROUP Managing Pressure, Minimising Risk 14 43 57 REGULARS 54 The role of comparative performance 4 From the Editor analysis in pipeline operations 6 World wrap 56 Cortez Subsea secures patent for shallow- 72 Event calendar water pipelay technology ISSUE 21 | SEPTEMBER 2014 72 Advertisers’ index 57 OMS completes pipe services for Barzan Gas Project 72 Coming in future issues UNITED KINGDOM 58 Philanthropy from our pipeliners (Editorial and Technical) NORTH AMERICA REGION REVIEW PO Box 21 8 The Gulf Coast Pipeline System: a catalyst TECHNICAL Beaconsfield, Bucks HP9 1NS UK for American jobs and energy security 60 A fairy tale outcome Tel: +44 1494 675139 | Fax: +44 1494 670155 14 Preparing for IPCE 2014
    [Show full text]
  • Great Canadian Oil Patch, 2Nd Edition
    1 THE GREAT CANADIAN OIL PATCH, SECOND EDITION. By Earle Gray Drilling rigs in the Petrolia oil field, southwestern Ontario, in the 1870’s. The rigs were sheltered to protect drillers from winter snow and summer rain. Photo courtesy Lambton County Museums. “Text from ‘The Great Canadian Oil Patch. Second edition: The Petroleum era from birth to peak.’ Edmonton: JuneWarren Publishing, 2005. 584 pages plus slip cover. Free text made available courtesy JWN Energy. The book is out of print but used copies are available from used book dealers.” Contents Part One: In the Beginning xx 1 Abraham Gesner Lights Up the World xx 2 Birth of the Oil Industry xx 3 The Quest in the West: Two Centuries of Oil Teasers and Gassers xx 4 Turner Valley and the $30 Billion Blowout xx 5 A Waste of Energy xx 6 Norman Wells and the Canol Project xx 7 An Accident at Leduc xx 8 Pembina: The Hidden Elephant xx 2 Part Two: Wildcatters and Pipeliners xx 9 The Anatomy of an Oil Philanthropy xx 10 Max Bell: Oil, Newspapers, and Race Horses xx 11 Frank McMahon: The Last of the Wildcatters xx 12 The Fina Saga xx 13 Ribbons of Oil xx 14 Westcoast xx 15 The Great Pipeline Debate xx 16 The Oil Sands xx 17 Frontier Energy: Cam Sproule and the Arctic Vision xx 18 Frontier Energy: From the End of the Mackenzie River xx 19 Don Axford and his Dumb Offshore Oil Idea xx Part Three: Government Help and Hindrance xx 20 The National Oil Policy xx 21 Engineering Energy and the Oil Crisis xx 22 Birth and Death of the National Energy Program xx 23 Casualties of the NEP xx Part Four: Survivors xx 24 The Largest Independent Oil Producer xx 25 Births, obituaries, and two survivors: the fate of the first oil ventures xx Epilogue: The End of the Oil and Gas Age? xx Bibliography xx Preface and acknowledgements have been omitted from this digital version of the book.
    [Show full text]
  • IPC Panel Session Addresses Industry Collaboration
    BROUGHT TO YOU BY THURSDAY 29 SEPTEMBER 2016 IPC panel session addresses industry collaboration Yesterday during the Executive Panel Session, six pipeline industry leaders gathered to discuss how organisations can change the mindset of incremental improvements to a culture that is focused on disruptive innovation. The session was moderated by IPC Conference Chair and Senior Vice President, Technical Services – Dynamic Risk Patrick Vieth and Vice President of ROSEN USA, Mexico & Central America Chris Yoxall. The panel members for the session were Milton Altenberg (Quest Integrity Group), Jason Sharpe (ATCO Pipelines), Ken Paulson (BC Oil and Gas Commission), Chris Bloomer (Canadian Energy Pipeline Association); Honorable Christopher A. Hart (National Transportation Safety Board), and Walter Kresic (Enbridge). A number of topics were covered in the session, with each segment prefaced by a live audience poll on a pertinent question for the pipeline industry. One of these questions was “Can stakeholders initiate industry collaborations and still maintain public trust?” While there was no clear-cut answer to this question, the responses from the audience pointed toward the positive elements of industry collaboration, DON’T MISS with most respondents saying that it was possible to collaborate and maintain public trust. The panellists agreed, and several members emphasising that the key to successful collaboration was transparency and trust. THE IPC 2016 The event was well attended and it was clearly a valuable event for the industry as a whole. NEWSLETTER ON FRIDAY! Jay Ingram speaks at IPC Delegate Luncheon The IPC Delegate Luncheon, held on Wednesday afternoon at the Hyatt Imperial Ballroom, provided an opportunity to reflect on the importance of science literacy in the general public, with science writer and broadcaster Jay Ingram addressing the attendees and speaking on the growing elitism associated with scientific literacy and the damage this is doing to public perceptions of companies working in the engineering sector.
    [Show full text]
  • Canadian Natural Gas Option Prices
    GasPriceCanadian Reporter® November 2001 Volume 13 Number 6 Inside this month... November market round-up Canadian domestic gas markets • Alb. 1-month spot gas at Empress = $3.5149/GJ - up $1.02 Alberta spot gas............................................2, 3 One-month spot prices at AECO/N.I.T. rose to $3.3494/ GJ, an increase of 85¢ from October. Daily spot prices • Nov. Empress-AECO/NIT Market Differential = 16.54¢/GJ averaged $3.1014/GJ at AECO/N.I.T. and $3.2036/GJ at Empress for October. • Daily spot gas index for Oct. = $3.1014/GJ - up 83¢ Alberta one-year gas.....................................2, 3 Bids & offers for Nov/2001 one-year fixed-price • Alberta one year gas at Empress = $3.8892/GJ -up 5¢ deals averaged $3.7242/GJ and $3.8892/GJ at AECO/NIT and Empress respectively. • Station 2 one-month spot gas = $3.9180/GJ - up $1.75 Empress-AECO NIT differential...................3, 11 The average Empress-AECO/NIT one-month market differential for November was 0.1654¢/GJ up from • August Alberta ref. price = $3.53/GJ - down 22¢ 0.0007¢ for October. • Henry hub spot price = $3.17/MMBtu - up $1.30 Export spot gas markets.................................9 Export prices rose at all major export points, rising about • U.S. avg. 30-day spot price = $3.02 - up $1.32 $1.45 in the east, $1.40 in the midwest and $1.35 in the west . U.S. spot gas and futures market.................10 • Current Dec. futures contract = $3.29/MMBtu The November Henry Hub futures contract last 3-day Changes to the Aeco/NIT daily, one-month spot & average was $3.060.
    [Show full text]
  • Westcoast Energy Inc. Westcoast Energy Inc
    Westcoast Energy Inc. Westcoast Energy Inc. fonds. – 1897-2002, predominant 1949-2002. 5.2 m of textual records and other material. Administrative History: Headquartered in Vancouver, British Columbia, Westcoast Energy Inc. is a natural gas company with operations across North America and interests in international energy companies. Its main activities include natural gas gathering, processing, transmission, storage, distribution and marketing, as well as power generation and other energy services services. Its predecessor company, Westcoast Transmission Company Limited, was incorporated by a special act of Parliament in 1949. It was established by Frank McMahon, an oilman who had began Alberta company West Turner Petroleums in 1936 with his brothers George and John. After making a substantial oil strike in 1939, McMahon purchased two smaller companies and merged them with West Turner in 1947 to form a holding company called Pacific Petroleums. That year, the company was drilling in Leduc, Alberta and made a huge oil strike which ignited, creating a huge fire. The publicity received by the fire generated a lot of investor income for “Pacific Pete,” and McMahon used this money to form Westcoast Transmission Company Limited, a natural gas company. Westcoast Transmission received government approval to construct, at Taylor, B.C., a 1,046-kilometre, 30-inch mainline natural pipeline, the first “big inch” pipeline in Canada, and the first natural gas processing plant in British Columbia. Construction on the pipeline began in 1955, and when completed in 1957, natural gas flowed at a rate of 400 million cubic feet per day, from Northeast British Columbia to the Canada-U.S.
    [Show full text]
  • PICEANCE BASIN to the PACIFIC the Economic Advantage the Piceance Basin Has Over Other North American Shale Plays
    PICEANCE BASIN TO THE PACIFIC The Economic Advantage the Piceance Basin Has Over Other North American Shale Plays By John Harpole April 2017 Presented by: PICEANCE BASIN TO THE PACIFIC The Economic Advantage the Piceance Basin Has Over Other North American Shale Plays By John Harpole TABLE OF CONTENTS Introduction .......................................................................................................................2 Piceance Basin Production and Reserves ......................................................................3 Ownership Changes in the “Stealth Basin”...................................................................9 How Piceance Basin Marketability Compares to Four Other Shale Plays in North America ............................................................................................................................10 Anti-pipe, Leave it in the Ground ................................................................................21 3 BCF of Available Piceance Basin Pipeline Export Capacity ..................................26 Economics of LNG Supply and Demand ....................................................................37 Conclusion .......................................................................................................................42 Piceance Basin to the Pacific 1 April 2017 INTRODUCTION An early version of this report was first published 26 months ago in October of 2014, exactly one month before the historic OPEC meeting in Vienna that reset worldwide energy prices.
    [Show full text]
  • The Role of the National Energy Board in Regulating Access to Pipelines
    University of Calgary PRISM: University of Calgary's Digital Repository Graduate Studies The Vault: Electronic Theses and Dissertations 2014-07-10 The Role of the National Energy Board in Regulating Access to Pipelines Hocking, Jennifer Hocking, J. (2014). The Role of the National Energy Board in Regulating Access to Pipelines (Unpublished master's thesis). University of Calgary, Calgary, AB. doi:10.11575/PRISM/28362 http://hdl.handle.net/11023/1616 master thesis University of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission. Downloaded from PRISM: https://prism.ucalgary.ca UNIVERSITY OF CALGARY The Role of the National Energy Board in Regulating Access to Pipelines by Jennifer Hocking A THESIS SUBMITTED TO THE FACULTY OF GRADUATE STUDIES IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF LAWS FACULTY OF LAW CALGARY, ALBERTA July, 2014 ©Jennifer Hocking 2014 Abstract This thesis examines National Energy Board (NEB) decisions, legislation and policy documents regarding access to oil and natural gas export pipelines. The NEB approach to regulation of access to pipelines has changed over time as oil and gas markets have changed. Originally, oil pipelines were entirely common carriers. In the last fifteen years, the NEB has approved new oil pipelines in which the majority of capacity is subject to firm contracts, provided that certain conditions are met.
    [Show full text]
  • Requests of the Canadian Association of Petroleum Producers to Transcanada Pipelines Limited
    National Energy Board RH-003-2011 TransCanada PipeLines Limited, NOVA Gas Transmission Ltd. and Foothills Pipe Lines Ltd. Application dated 1 September 2011 for Approval of the Business and Services Restructuring Proposal and Mainline Final Tolls for 2012 and 2013 Requests of the Canadian Association of Petroleum Producers to TransCanada PipeLines Limited November 22, 2011 National Energy Board RH-003-2011 Information Requests of the Canadian Association of Petroleum Producers to TransCanada PipeLines Limited Question 1: Reference: NEB Oct.21, 2011 letter Preamble: The hearing is proposed to be held in three evidentiary phases: Alberta System extension (ASE), everything else (except ASE and cost of capital), and cost of capital. Request: Please identify those portions of the Application that TransCanada considers relate to the first phase, ASE. Question 2: Reference: Application, Relief Requested, p.1 of 13, para.1 and p.12 of 13, para.30 Preamble: Para.1 says the Application is for “…approvals required to implement a proposed restructuring of the services and tolling….” of the referenced pipelines. The relief requested in para.13 in respect of the restructuring is framed as: “TransCanada requests orders of the Board under Parts I and IV of the NEB Act, as applicable: (a) approving the Restructuring Proposal in respect of the Mainline, the Alberta System and the Foothills System, as described in the Application.” Request: (a) Please provide, for each of the pipelines for which application is made, a list or table of the specific decision, orders and relief it is requesting the NEB to make if it were to approve the Restructuring Proposal.
    [Show full text]