Natural gas production growth
Natural gas drilling activity has decreased significantly over the past few months. According to Boardwalk Pipeline Partners’s (BWP) investor presentation, it expects US natural gas production to increase 23% in the next five years. Strong natural gas demand in the US Northeast region and other regions is driving strong natural gas supply growth in the Northeast region.
How BWP benefits
According to Boardwalk Pipeline Partners (BWP), “Our pipelines are well situated to transport natural gas from a variety of supply basins to end-use markets such as LNG export facilities, power generation, local distribution companies (LDCs) and industrials.”
The partnership has secured a long-term contract to transport 1 Bcfpd (billion cubic feet per day) of natural gas out of the Marcellus and Utica supply basins.