2023 Northeast Agenda

Gas market outlook for 2023 / 2024

As the energy transition gains momentum, innovative operators are introducing a raft of new products marketed as Responsibly Sourced Gas (RSG), with a lower carbon intensity by means of a range of creative commercial transactions that mitigate carbon content. With the market aware of potential “greenwashing” a key element of these arrangements involves use of independent tracking, analysis and certification of actual carbon footprint of various fuel sources. This Panel is comprised of Executives from leading independent analytical, assessment and certification entities that are active in the market. Discussion will include explanation of processes, supporting technologies and commercial arrangements of solutions, leveraging examples based upon real-life case studies.

From a standstill in 2015, American exports of LNG briefly approached 15 billion cubic feet per day in April 2023. That trade volume is more than Australia’s total daily gas production and the equivalent of about 90% of Canada’s gas output. These reliable supplies from the world’s largest gas producing nation played a crucial role in helping Europe and Asia turn away from Russia following its invasion of Ukraine. However, the exceptionally warm winter of 2022-23 substantially reduced demand for gas as a heating fuel while a global slump in manufacturing activity simultaneously curbed its use in industrial production. The resulting surge in inventory has sent cash prices reeling and is now forcing steep cuts to U.S. field production, even as the Russian war intensifies and a new winter is less than six months away. In this talk, Colin Fenton will explain why U.S. natural gas will remain an indispensable commodity for securing the world’s economic and geostrategic health for decades to come.

Policy, regulatory and NGO resistance to continued development of natural gas markets is building. This panel examines several innovative solutions being employed by leading stakeholders to overcome these headwinds. Examples include virtual pipeline, mobile energy solutions, RNG, project development and construction, as well as traditional pipeline transportation innovations.

Please join our hosts, the Corporate Sponsors, at a cocktail reception in your honor. Don’t make your dinner plans too early as hors d’oeuvres and an open bar will be the highlight of this extremely well attended session!