# Presentation: 904744

## U.S. Natural Gas Storage and The Global LNG Market

**Houston, Texas**
**June 19, 2008**

**James M. Kendell**
**Energy Information Administration**
**James.kendell@eia.doe.gov**

**U.S. Natural Gas Storage and ****The Global LNG Market**

## Natural Gas Consumption,  2000–2008 (Billion cubic feet per day)

**Source: International Energy Agency, Monthly Gas Data Service**

**OECD North America**

**OECD Europe**

**OECD Asia**

## World Underground Working Storage Capacity, 2006 (Trillion cubic feet)

**Sources: Cedigaz, Underground Gas Storage in the World, June 2006; Energy Information Administration, Office of Energy Markets and End Use**

**17% of Annual Gas Consumption**

**1%**

**16%**

**14%**

## Working Gas in U.S. Underground Storage, 2003-2008

**Source: Energy Information Administration, Office of Oil and Gas, *****Natural Gas Monthly April 2008*****. **

## U.S. Natural Gas Production and Imports, 2003-2008

**Source: Energy Information Administration, Office of Oil and Gas, *****Natural Gas Monthly April 2008.***

**Production**

**Imports**

## U.S. LNG Imports by Season, 2000-2008 (Billion cubic feet per day)

**U.S. LNG Imports by Season, ****2000-2008 ****(Billion cubic feet per day)**

## U.S. LNG Imports and U.S./U.K. Price Differentials, 2005-2008

**U.S. LNG Imports and U.S./U.K. Price Differentials, 2005-2008**

**Note: Import volumes for December 2007 and January 2008 are estimates. **
**Source: Import data: DOE Office of Fossil Energy; Price data: EIA, derived as National Balancing Point spot price minus Henry Hub spot price.  **

**U.S. LNG Imports**

**U.S./U.K. Price Differentials**

## Major Natural Gas Pipeline Corridor Expansions, 2005-2009

**Source: Energy Information Administration, GasTran Gas Transportation Information System, Natural Gas Pipeline Projects Database.**

**Major Natural Gas Pipeline Corridor Expansions, 2005-2009**

## U.S./U.K. Price Differentials, 2005-2008

**Source: Energy Information Administration – History: derived as the National Balancing Point spot price minus the Henry Hub spot price; June 2008 – June 2009: IPE forward price minus NYMEX price for future delivery at the Henry Hub.**

**History**

**Differences in Forward Prices, +/- 1 Standard Deviation **

**Future**

## Natural Gas Spot Price at the Henry Hub and Volatility, 2000-2008

**Source: Derived by Energy Information Administration, Office of Oil and Gas.  **

## Importers, Exporters, and World Liquefaction Capacity, 2005-2012

|  | Today | 2012 |
| --- | --- | --- |
| LNG Importers | 17 | 29 |
| LNG Exporters | 15 | 18 |
|  |  |  |

**Importers, Exporters, and World Liquefaction Capacity, 2005-2012**

## World LNG Short-term Trades, 1992-2007

**World LNG Short-term Trades, ****1992-2007**

## Underground U.S. Natural Gas Storage Working Gas Capacity and Consumption, 2000-2009

**Source: Capacity:  Energy Information Administration, GasTran Gas Transportation Information System, Natural Gas Pipeline Projects Database.**
**Consumption:  Short-Term Energy Outlook, May 2008**

**Underground U.S. Natural Gas Storage Working Gas Capacity and Consumption, 2000-2009**

## U.S. LNG Imports, 2005–2009

**Source: Energy Information Administration. History derived from Office of Fossil Energy data; Forecast: Short-Term Energy Outlook, June 2008**

** ****(Billion cubic feet per Month)**

**2007 = 771 Bcf**
**2008 = 531 Bcf**
**2009 = 850 Bcf**

**History**

**Forecast**

## James M. Kendell

**Energy Information Administration**
**James.Kendell@eia.doe.gov**

_**Recurring Publications**_**:**
***Annual Energy Outlook 2008*****, April 2008 (early release)**
***Short-Term Energy Outlook*****, monthly**
***International Energy Outlook 2007*****, May 2007**
_**Special Reports**_**:**
***U.S. Natural Gas Imports and Exports: Issues and Trends 2006*****, February 2008**
***U.S. Underground Natural Gas Storage Developments: 1998-2005, *****October 2006**
***Estimate of Maximum Underground Working Gas Storage Capacity in the United States: 2007 Update*****,***** *****October 2007 **