Pittsburgh Conference Highlights Low-Cost Natural Gas in Shale Crescent USA
What happened
At the Marcellus Power Conference in Pittsburgh, a presentation highlighted the competitive advantages of the Shale Crescent USA region for power producers and manufacturers. The presentation noted that Shale Crescent USA has the highest natural gas production in the U.S., excluding Russia. Furthermore, the region's natural gas is priced at about $0.75 per MCF below Henry Hub, compared to $3.10.
From mariettatimes.com
Why it matters
The low cost of natural gas in Shale Crescent USA is presented as a permanent competitive advantage for power plants. This economical electricity is crucial for manufacturing, which requires dependable power to attract high-wage jobs.
From mariettatimes.com
Who's involved
- PittsburghLocation of the Marcellus Power Conference
- PennsylvaniaState containing the Shale Crescent USA region
- Mississippi RiverDefines the target market region for power usage
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- OhioSpeculative
Might gain access to cheaper SCUSA power and gas for companies east of the Mississippi River
- PennsylvaniaSpeculative
Could benefit from cheaper SCUSA power and gas, potentially attracting manufacturing jobs east of the Mississippi River
- Allegheny CountySpeculative
Might benefit from cheaper SCUSA power and gas and resulting industrial growth
- PPLSpeculative
Could achieve cost reduction for utility operations due to lower fuel costs from SCUSA gas
- NextEra EnergySpeculative
May find a competitive advantage for gas-fired power project development in SCUSA
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Allegheny County may attract manufacturing jobs from cheaper SCUSA energyAllegheny County may attract manufacturing jobs from cheaper SCUSA energyPossible
- Alcoa may gain competitive edge from SCUSA's cheap natural gasAlcoa could benefit from SCUSA's low-cost, dependable energy supplyPossible
- NextEra Energy may benefit from SCUSA's low-cost natural gasNextEra Energy may gain a competitive edge in gas-fired power development in SCUSA.Possible
- PPL may lower costs using cheaper natural gas from SCUSAPPL could benefit from lower operational costs due to cheaper SCUSA natural gas.Possible
- Ohio may benefit from cheaper natural gas and electricityOhio industries may gain access to cheaper natural gas and electricity from SCUSAPossible
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The entities involved
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Pittsburgh
city and county seat in Allegheny County, Pennsylvania, United States
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Pennsylvania
state of the United States of America
- Mark Powell, a former university instructor, was appointed to the CLE Board and serves as a judge in Pennsylvania.
- In Pennsylvania, voters are supporting Josh Shapiro in the governor's race, which is being challenged by Stacy Garrity. Meanwhile, voters are expressing dissatisfaction with Donald Trump's job performance.
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Mississippi River
primary river of the largest drainage basin in the United States