THE SOURCE - Spring 2018 - 18

feature

NGSA's Winter Natural Gas
Outlook Projects Record
Demand, Matched by

Robust Storage and Production

A

By Daphne Magnuson, Director of Strategic Communications, Natural Gas Supply Association

fter experiencing the sixth warmest winter heating season on record last year- with the warm weather also
resulting in the third lowest wholesale winter natural gas prices in more than a decade - what can natural gas
customers expect for the winter of 2017-2018? That's what the Natural Gas Supply Association (NGSA) set out
to determine in its 2017-18 Winter Outlook for Natural Gas, the association's 18th annual analysis of winter
natural gas market conditions and fundamentals.

Each year, NGSA draws from publicly available
information to factor key supply and demand factors
into its annual Winter Outlook for Natural Gas. Dissecting
trends in production, imports, exports, storage,
weather, the economy and customer demand, NGSA
uses the data to determine whether there will be
upward, downward or neutral pressure on winter
natural gas prices, compared to the winter of 2016-17
when the average natural gas wholesale price was
$3.01 per MMBtu.
To set the stage, let's first examine the supply side
of this winter's forecast. NGSA incorporated data on
production, imports and storage to determine the
supply picture for the winter of 2017-2018.
The NGSA Outlook projected a sizable increase
in overall supply this coming winter, due to a
substantial increase of 5.7 Bcf/day in U.S. production,
an 8 percent increase over last winter. The robust
growth in production serves as a testament to the
industry's continuous improvement in technology and
drilling efficiencies.
NGSA pointed out the continued diversification of supply from
a broad spectrum of geographical formations and regions.
While shale gas dominates, traditional onshore production
contributes a strong 17 percent of current supply, further bolstered

18 THE SOURCE | THE VOICE AND CHOICE OF PUBLIC GAS

by tight sands and Permian production. This diverse supply
portfolio adds to and enhances reliability and price stability.
Further contributing to overall supply, NGSA's 2017-18 Winter
Outlook predicted that storage inventories of natural gas would
reach around 3.85 trillion cubic feet (Tcf) by the end of the



Table of Contents for the Digital Edition of THE SOURCE - Spring 2018

First Person
APGA Events
Disasters Bring Challenges and Opportunities
Furnace Rule Update
APGA Strategic Planning
Conversation with an APGA member: Tallahassee
NGSA’s Winter Natural Gas Outlook Projects Record Demand, Matched by Robust Storage and Production
Promoting Gas Market Growth
New White Paper Offers Guidance to Natural Gas Utilities on Thriving in a Changing Landscape
Legislative Outlook
Marketing Matters
At Last
Advertiser's Index/ Advertiser.com
THE SOURCE - Spring 2018 - Intro
THE SOURCE - Spring 2018 - ebelly1
THE SOURCE - Spring 2018 - ebelly2
THE SOURCE - Spring 2018 - cover1
THE SOURCE - Spring 2018 - cover2
THE SOURCE - Spring 2018 - 3
THE SOURCE - Spring 2018 - 4
THE SOURCE - Spring 2018 - 5
THE SOURCE - Spring 2018 - 6
THE SOURCE - Spring 2018 - 7
THE SOURCE - Spring 2018 - First Person
THE SOURCE - Spring 2018 - 9
THE SOURCE - Spring 2018 - APGA Events
THE SOURCE - Spring 2018 - Disasters Bring Challenges and Opportunities
THE SOURCE - Spring 2018 - 12
THE SOURCE - Spring 2018 - Furnace Rule Update
THE SOURCE - Spring 2018 - APGA Strategic Planning
THE SOURCE - Spring 2018 - 15
THE SOURCE - Spring 2018 - Conversation with an APGA member: Tallahassee
THE SOURCE - Spring 2018 - 17
THE SOURCE - Spring 2018 - NGSA’s Winter Natural Gas Outlook Projects Record Demand, Matched by Robust Storage and Production
THE SOURCE - Spring 2018 - 19
THE SOURCE - Spring 2018 - Promoting Gas Market Growth
THE SOURCE - Spring 2018 - 21
THE SOURCE - Spring 2018 - New White Paper Offers Guidance to Natural Gas Utilities on Thriving in a Changing Landscape
THE SOURCE - Spring 2018 - 23
THE SOURCE - Spring 2018 - Legislative Outlook
THE SOURCE - Spring 2018 - 25
THE SOURCE - Spring 2018 - Marketing Matters
THE SOURCE - Spring 2018 - 27
THE SOURCE - Spring 2018 - 28
THE SOURCE - Spring 2018 - At Last
THE SOURCE - Spring 2018 - Advertiser's Index/ Advertiser.com
THE SOURCE - Spring 2018 - cover3
THE SOURCE - Spring 2018 - cover4
THE SOURCE - Spring 2018 - outsert1
THE SOURCE - Spring 2018 - outsert2
THE SOURCE - Spring 2018 - outsert3
THE SOURCE - Spring 2018 - outsert4
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