Full Title: State of the Markets Report 2015
Author(s): Federal Energy Regulatory Commission
Publisher(s): U.S. Department of Energy
Publication Date: March 1, 2016
Full Text: Download Resource
Description (excerpt):
2015 was an eventful year in the energy markets as oil and natural gas prices fell substantially due to surging supply and strong storage builds. Low prices were beneficial for consumers, but have placed significant stress on producers and some pipeline companies that have contracts with them. Despite low natural gas prices, Marcellus and Utica natural gas production, the primary source of all new U.S. production, reached record levels in 2015. Low gas prices resulted in natural gas generation surpassing coal generation for seven months during 2015 and helped boost exports to Mexico. In addition, low natural gas prices enabled the first U.S. LNG exports in history from the lower 48. Production growth in the Marcellus and Utica has resulted in the addition of 51 Bcfd in new pipelines in the past five years and approximately 49 Bcfd of capacity is proposed or planned to come online by 2018 to transport natural gas to markets.