The price of Natural Gas went negative at some Hubs in the South due to Oil Drillers increasing their production to capture the high oil prices, but the byproduct is excess Natural Gas. Past practice was to simply flare this off when supply exceeds demand but with new rules in place, that practice is no longer allowed and rightfully so. This conversation about increasing Natural Gas Infrastructure should be happening everywhere because we have Hundreds of Years of Natural Gas supply in the Northeast but no way to access it, and we have trillions of BTUs being wasted as a byproduct of oil production that could instead be heating homes, and increasing electricity production and more. This topic should be at the forefront of Infrastructure Investment, Regulatory Reform, Climate Initiatives and Capital Investment for its benefits to all of these groups as well as the end users who will gain access to cheap and reliable energy.
INGAA President & CEO Amy Andryszak sat down with Carolyn Davis from Natural Gas Intelligence to discuss the need for permitting reform, gas-electric reliability, pipeline safety reauthorization, and more: “For the interstate gas capacity, it “hit a low bar for 2023,” Andryszak noted. “It’s not that there’s less interest in infrastructure. That’s not the issue. It is becoming increasingly difficult to build this infrastructure. And increasingly, it’s become difficult in multiple ways…This is where permitting reform would make a difference.” Read more: https://lnkd.in/etbWep7i
