Founder of Enercast | Natural gas pipeline intelligence
Denver, Colorado
Joined December 2009
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Ben Smith retweeted
Canada is sending less gas south.
Net U.S. pipeline imports from Canada: 5.66 Bcf/d Jan–Oct, down 13% on the year. Every month of 2026 is below 2025.
Same period: LNG Canada took an estimated ~1.4 Bcf/d more gas at Kitimat.👇
enercast.com/news/canada-gas…
Ben Smith retweeted
U.S. gas supply, now by basin. Daily.
Appalachia, Haynesville, Permian and 8 more, from actual pipeline nominations. Rows add up to the national total, so you can see where a move came from.
Free on #enercast 👇
enercast.com/news/supply-by-…
Ben Smith retweeted
now posting free delayed pipe notices via x here:
nitter.gq/Enercast_com
visit our website if you want to get notices via email or telegram. ....or need to upgrade to real time alerts.
Ben Smith retweeted
Notice the narrative evolution for AI; from a solution for stranded gas to a solution for stranded #LNG.
AI will solve the midstream constraint gas problem in US: burn upstream.
AI will support US gas prices: growth opportunity
AI can afford to run on imported #LNG.
🇦🇪Adnoc CEO Says AI Raises Energy Investment Needs to $4 Trillion Annually bloomberg.com/news/articles/…
Ben Smith retweeted
Calpine's CEO Andrew Novotny gave a provocative speech this week, pushing back on @ERCOT_ISO & utility forecasts of data center growth.
He says to expect 5-10 GWs, not 22 GWs forecast by ERCOT (or >70GWs by utes!) Why the difference?🧵
Ben Smith retweeted
Today the Senate passed a resolution against the methane emission fee. This is a mistake. Many large NG producers quietly support methane regs because they know the industry is stronger in the long term if viewed as responsible stewards of the environment.
Nat gas is and will continue to be a vital fuel for the energy system for a long time. We don't have the technologies or scaling capability to stop using fossil fuels in the foreseeable future. As such, minimizing GHG emissions should be part of the industry's societal license to operate. And given the commodity nature of the product, there must be regs to mandate responsibility at the corporate level.
Minimizing methane leaks is perhaps the most cost effective way to reduce the industy's environmental footprint. Knowing this, many producers are making the investment to improve their practices today. Repealing the methane regs just rewards those who aren't and weakens the industry over the long term.
Ben Smith retweeted
There are 2 extra US terminals already online (Corpus Cristi 3 and Plaquemines 1) - total of 25bcm. There is Plaquemines 2 (13bcm) coming online at year end and 1 or 2 stages of LNG Canada (10-20bcm) and I think Darwin restart (5bcm).
There will be no shortage of LNG this year - even with all the delays and without Artcic LNG. RU will add 7bcm of pipeline exports to China. Overall it seems that supply will meet global demand growth.
Why hurry? For the last 2 years Europe also filled in storage above 90% in August, which is unnecessary. It has more intake infrastructure capacity now.
Also if things go wrong Europe could use more coal.
What am I missing?
I am also confused with the different treatment of oil and gas markets: in oil, despite pretty low inventory you were very bearish last Fall - expecting a large wave of non-OPEC+ supply (which was far from certain and clearly won't materialise now - to the extent people hoped). With gas despite fairly high certaintly of new LNG supply you say that Europe should use taxpayer money to fill storage earlier....
Ben Smith retweeted
#natgas #options #volatility
Chapters:
1. Things went well when I sold all the wings.
2. What is this thing called #Gamma ?
3. What is this thing called #margincall ?
4. Things then, did not go well. #learning
5. #BOIL and #KOLD seem to be the answer
6. The effects of a margin call on your marriage
7. Stop outs are so much fun
8. Let's do this again
Get your copy NOW!
a.co/d/8bAuyg4
Ben Smith retweeted
GE Vernova reportedly doesn’t need a single gas turbine order from a utility for the next 10 years and they’d still be sold out selling to data centers.
It feels like the data center world is loudly saying they’ll use nuclear while quietly placing orders for gas turbines.
@ShanuMathew93 is there any good data on the gas turbine orders?
