Collaborative Study Provides Consensus Natural Gas Forecast.The 2006 Northwest Gas Outlook Update is a Detailed Look at Natural Gas Demand, Supply and Capacity Linking the Two in the Northwest over the Next Five Years PORTLAND, Ore. -- The Pacific Northwest regional natural gas market faces the future in good health, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recently updated study released by the Northwest Gas Association (NWGA NWGA Northwest Gender Alliance (Oregon) NWGA Nebraska Wheat Growers Association NWGA Nordic Workshop on Genetic Algorithms and their Applications NWGA Nassau Women's Golf Association NWGA National Woolgrowers' Association of South Africa ) and its industry members. However, public policy-makers and industry participants will need to work together over the coming years to address critical issues such as supply availability, infrastructure adequacy, regulatory uncertainty and volatile commodity prices. Entitled The Northwest Gas Outlook, the 2006 update explores various factors affecting natural gas demand in, as well as supply and infrastructure serving the Pacific Northwest through 2011. The report is unique in that it represents a consensus view of the Northwest natural gas market developed by the industry participants serving the region. Among the report's conclusions: * Demand: Regional demand for natural gas will grow by an average of 2 percent per year over the next five years for a projected total of 8 percent by 2011, according to the base or expected growth scenario described in the report. Most of the growth will come from an increasing number of residential and commercial customers. Weather-sensitive loads like home or commercial space and water heating Water heating is a thermodynamic process using an energy source to heat water above its initial temperature. Typical domestic uses of hot water are for cooking, cleaning, bathing, and space heating. In industry both hot water and water heated to steam have many uses. are growing more rapidly than loads that are served year around such as gas used for industrial processes. * Supply: While benefiting from proximity to two prolific gas-producing regions, Pacific Northwest consumers compete for that gas with other regions of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Competition for Western gas supplies will intensify as pipelines currently planned or under construction are completed linking those supplies with population centers in the Midwest and Northeast. Development of new incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. supplies is moving forward, but rapidly escalating finding and development costs, land access restrictions and regulatory hurdles impede progress. * Capacity: The regional network of gas pipelines and storage facilities - including storage expansions already under way or planned - is adequate to serve regional peak day (coldest weather) needs under expected conditions, though little redundancy exists in the system. Core residential and commercial markets will be served in any case, but those holding interruptible capacity on the system could face curtailment in extreme conditions. * Prices: Volatility in the market price of natural gas reflects the tight balance between natural gas supply and demand across North America. Pacific Northwest consumers are no longer insulated in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. from price drivers (e.g. extreme weather) occurring in other regions, because supply areas and end use markets are increasingly interconnected by infrastructure expansions. Association staff is available for presentations to interested groups. Please contact the NWGA office at (503) 624-2160 for scheduling information. An Adobe PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. copy of the Northwest Gas Outlook can be viewed on and/or downloaded for free from the NWGA Web site at http://www.nwga.org/pressroom.php. Printed copies of the 2006 Outlook Update may be purchased for US$50 Dollars (includes postage) by contacting the NWGA at (503) 624-2160. About The NWGA The Northwest Gas Association (NWGA) is a trade organization representing the natural gas industry in the Pacific Northwest. Its members include six natural gas utilities serving communities throughout Idaho, Oregon, Washington and British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , as well as three transmission pipeline systems that move natural gas from supply basins into and through the region. The NWGA's mission is to advance the safe, dependable and responsible use of natural gas in the Pacific Northwest. The NWGA fosters greater understanding and informed decision-making among industry participants, opinion leaders and governing officials in the region on issues related to natural gas. NWGA members include: * Avista Corporation (www.avisatcorp.com) * Cascade Natural Gas Corporation (www.cngc.com) * Duke Energy Gas Transmission (www.duke-energy.com) * TransCanada - GTN GTN gestational trophoblastic neoplasia. System (www.gastransmissionnw.com) * Intermountain in·ter·moun·tain adj. Located between mountains or mountain systems, especially lying between the Rocky Mountains and the Sierra Nevada or Cascade Range in the western United States. Gas Company (www.intgas.com) * NW Natural (www.nwnatural.com) * Puget Sound Energy Puget Sound Energy (PSE) is an energy company providing electrical power and natural gas in the Puget Sound region of the northwest United States. It serves electrical power to over 1 million customers in Island, Jefferson, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and (www.pse.com) * Terasen Gas Terasen Gas is the largest distributor of natural gas in British Columbia, Canada, serving approximately 900,000 customers in over 125 communities. On February 26, 2007, Fortis Inc. entered into an agreement to acquire Terasen from a wholly owned subsidiary of Kinder Morgan, Inc. (www.terasengas.com) * Williams - NW Pipeline (www.williams.com) |
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