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CBIA EPC New England Energy Supply Outlook. Thomas Santa Santa Energy Corporation October 18 th , 2013. New England Energy Supply Outlook. NE Market Overviews Natural Gas Distillate Fuel Electricity National Outlook Conclusions. Connecticut Natural Gas Market Share Source: USDOE-EIA.
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CBIA EPC New England Energy Supply Outlook Thomas Santa Santa Energy Corporation October 18th, 2013
New England Energy Supply Outlook • NE Market Overviews • Natural Gas • Distillate Fuel • Electricity • National Outlook • Conclusions
Connecticut Natural Gas Market Share Source: USDOE-EIA
State of Connecticut Oil & Natural Gas Consumption by Sector
Monthly Average Natural Gas Flows North into New England on Algonquin Transmission Pipeline
Annual Average Henry Hub Spot Natural Gas Prices1990-2040 (2011 Dollars per Million Btu)
Tennessee Gas PipelineCT Expansion Project – 72,000 mcf/Day - Due Late 2016TGP Northeast Expansion- 0.5-1.7Bcf/Day- Dec. 2016Wright to Dracut- 0.5-1.0Bcf/Day- TBD 2017
2013 New England Natural Gas Supply AdditionsDeep Panuke- 300,000mcf/day
New England Distillate StocksOctober 2005-2013 (Barrels x 1000)
Monthly Heating Oil and Brent Crude Oil Prices Dollars Per Gallon
Heating Oil Sulfur Requirement by State 2013-2018Sulfur Content in PPM
Natural Gas’s Annual Share of Total Electricity Sales in New England
Current Spot Prices Oct 2013- Delivered to large commercial user Dollars Per million BTUs
U.S. Net Imports of Natural Gas by Source 1990-2040 (trillion cubic feet)
Conclusions • New England rapidly adjusting to the new US supply equation • The Ct state government aggressively promoting a mono-fuel state • Connecticut in a precarious energy supply position through 2016 • Oil/Gas/ Propane cost relationships will not hold at current levels.
Thank You! Santa Energy Corporation