Energy Market Update: October 17, 2017
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What’s the outlook for industrial natural gas demand?
In this week's Energy Market Update, Tim Bigler — Direct Energy Business Energy Strategist — overviews natural gas demand for methanol fertilizer plants in the U.S.
Watch the video below to learn more.
Industrial Demand Rebounds
According to a methanol and fertilizer plant report from the Energy Information Administration (EIA), industrial natural gas use in Texas has increased dramatically since 2008, while Louisiana use has increased steadily since 2001. A small fertilizer plant could use 50 dekatherms a day, while a large plant could use 200 dekatherms or more per day
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Indiana Demand at a 20-Year High
In the Mid-Continent and Midwest regions, industrial demand is stable to rising, while in Indiana demand is booming. Despite milder weather across the country, natural gas prices may not be dropping significantly due to industrial demand in these areas.
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Posted: October 17, 2017
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