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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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Natural gas production hits all-time high

HOUSTON, October 23, 2018 (PCW) -- Natural gas production in the Lower 48 states hit another all-time high this weekend of approximately 87 Bcf/d, the US Energy Information Administration reported. This pushed Lower 48 natural gas production about 12 Bcf/d higher year-over-year.

On a total gas supply basis, this record high production pushed gas supplies over about 91 Bcf/d.

Imports of Canadian natural gas have dropped due to Enbridge’s pipeline rupture in British Columbia. Analysts believe that the reduced import volumes are likely to rebound, which could push natural gas supplies above 92 Bcf/d.

Despite highs in production, natural gas storage is expected to the winter heating season near record lows and below 3.2 Tcf. -- Donna Todd

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