![](https://i.imgur.com/CLvY2jA.png")
07-04-2022, 08:00 AM
By Charles Kennedy - Apr 05, 2022, 12:00 PM CDT
U.S. natural gas production will decline by 5 percent by 2050, and consumption will shed 4 percent if no new interstate pipelines are built, the Energy Information Administration said in its latest Annual Energy Outlook.
This, in turn, will lead to higher gas prices, the authority also said, and this will, in turn, lead to higher electricity prices.
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The share of natural gas in power generation is set to decline in the scenario of no new interstate natural gas pipelines but not by much. According to the EIA, in that scenario, the share of gas in 2050 will constitute 31 percent of the total, compared with 34 percent under the agency’s reference scenario.
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At the same time, any bans on new interstate pipelines—a prerogative of the federal government—will not lead to any significant carbon dioxide emission declines.
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One more thing that the EIA did not include in its report, but energy expert David Backmon raised as an issue this week in a podcast, is the link between interstate gas pipeline capacity and increased U.S. LNG exports to Europe, per President Biden’s commitment to Brussels to make up for a solid portion of Russian gas. Without more pipelines, Blackmon argued, U.S. LNG producers would find it difficult to boost exports sufficiently.
https://oilprice.com/Energy/Natural-Gas/...lines.html
U.S. natural gas production will decline by 5 percent by 2050, and consumption will shed 4 percent if no new interstate pipelines are built, the Energy Information Administration said in its latest Annual Energy Outlook.
This, in turn, will lead to higher gas prices, the authority also said, and this will, in turn, lead to higher electricity prices.
......
The share of natural gas in power generation is set to decline in the scenario of no new interstate natural gas pipelines but not by much. According to the EIA, in that scenario, the share of gas in 2050 will constitute 31 percent of the total, compared with 34 percent under the agency’s reference scenario.
......
At the same time, any bans on new interstate pipelines—a prerogative of the federal government—will not lead to any significant carbon dioxide emission declines.
......
One more thing that the EIA did not include in its report, but energy expert David Backmon raised as an issue this week in a podcast, is the link between interstate gas pipeline capacity and increased U.S. LNG exports to Europe, per President Biden’s commitment to Brussels to make up for a solid portion of Russian gas. Without more pipelines, Blackmon argued, U.S. LNG producers would find it difficult to boost exports sufficiently.
https://oilprice.com/Energy/Natural-Gas/...lines.html
