Insight
North America gas markets new industrial capacity update 2019
Report summary
Industrial demand averaged 22.7 bcfd, representing 1 bcfd of year-on-year growth. While the ongoing trade war between the US and China helped US steel producers enjoy a strong year in 2018, the tariffs negatively impacted downstream manufacturing industries as well as chemical companies. We anticipated around 4.5 million tons per year of ethylene capacity would come online but only two ethylene projects started producing in 2018: ExxonMobil's Baytown cracker and Chevron Phillip's complex in Cedar Bayou. The delayed projects are to start in 2019. We expect about 0.3 bcfd of industrial demand to be added in 2019 as 15 new projects come online in the US.
Table of contents
- Wood Mackenzie tracks gas-intensive projects that materially impact US and Canadian demand.
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
North America gas weekly update: Freeport LNG woes continue
Higher injections lie ahead amid mild shoulder season demand
$1,700
Commodity Market Report
North America gas weekly update: Freeport LNG Train 3 set to restart
Gas markets expected to begin tightening
$1,700
Commodity Market Report
North America gas weekly update: Henry Hub gas prices extend mini rally
Is a cooldown on the horizon?
$1,700
