Marcellus–Utica Midstream

Liquefied Natural Gas (LNG)

Midstream Executive Sees ‘Light At End Of Tunnel’

Speaking at the Marcellus-Utica Midstream Conference, The Williams Cos. said export demands will fuel need for additional supply growth through 2028.

Darren

Barbee

Oil and Gas Investor

Wed, 12/04/2019 - 02:46 PM

Ryan Savage, vice president and general manager for The William Cos. Inc.'s Pennsylvania and New York operations, speaks Dec. 4 at Hart Energy's Marcellus-Utica Midstream Conference & Exhibition in Pittsburgh. (Source: Joseph Markman/HartEnergy.com)

Ryan Savage, vice president and general manager for The William Cos. Inc.'s Pennsylvania and New York operations, speaks Dec. 4 at Hart Energy's Marcellus-Utica Midstream Conference & Exhibition in Pittsburgh. (Source: Joseph Markman/HartEnergy.com)

PITTSBURGH—Natural gas prices are down, demand is weak and renewable energy sources are deepening their penetration in the residential and commercial energy sector, but Ryan Savage, vice president at The Williams Cos. Inc., said natural gas supply must rise to meet demand in the next decade.

Admittedly, “that is difficult to talk about right now,” Savage said Dec. 4.

However, the projected demand of U.S. natural gas commitments to Mexico and LNG exports worldwide will match North American residential and consumer natural gas use by 2025, he said. Exports will eventually have to rise to more than 25 billion cubic feet per day (Bcf/d) from roughly 10 Bcf/d in 2019.

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Texas/La Gulf Coast

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Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.

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