In our Annual Energy Outlook 2022 (AEO2022), Issues in Focus: Exploration of the No Interstate Natural Gas Pipeline Builds,
, we analyze the effects on the energy market if no additional U.S. natural gas pipeline capacity is built between 2024 and 2050. In the No Interstate Natural Gas Pipeline Builds case, we project 5% less natural gas production and 4% less natural gas consumption in 2050 compared with the Reference case. We also project that the Henry Hub spot price in 2050 would be 11% higher in that case than in the Reference case.
Restricting U.S. interstate pipeline builds in our projection results in 7.4 billion cubic feet per day less interregional capacity in 2050 than in the Reference case projection, which, for example, limits the amount of natural gas that can flow from the Appalachia production region to demand areas such as the Midwest.
The higher natural gas prices that result from capacity constraints primarily affect natural gas consumption in the U.S. electric power sector, which is more price-sensitive than the residential, commercial, and industrial sectors. In the No Interstate Natural Gas Pipeline Builds case, we project 11% less natural gas-fired generation in the United States during 2050 than in the Reference case.
We project that natural gas’s share of U.S. electricity generation would fall from 34% in 2050 in the Reference Case to 31% in the No Interstate Natural Gas Pipeline Builds case. To make up for less natural gas-fired generation in the No Interstate Natural Gas Pipeline Builds case, electricity generation from renewables, coal, and nuclear sources increase.We project that restricting interstate U.S.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Natural Gas Futures: Extra gains appear in the pipelineAccording to advanced figures from CME Group for natural gas futures markets, open interest increased for the fourth session in a row on Friday, now b
Weiterlesen »
Opinion: Electric 500 shows Fiat the way forward | AutocarThe new 500 is a vital building block for Fiat's future
Weiterlesen »
What to Watch Today: Wall Street Looks Higher; Twitter Soars on Elon Musk StakeU.S. stock futures rose modestly Monday, with the tech-heavy Nasdaq looking the strongest.
Weiterlesen »
Stock Futures Are Flat After S&P 500 Notches Third Straight Week of GainsU.S. stock index futures were little changed during overnight trading Sunday.
Weiterlesen »