Blog – Natural Gas Analysis and Commentary – June 2023 Inventories Significantly Higher Total gas inventories in the United States remained significantly higher than the previous year. They are standing at 2.729 trillion cubic feet (tcf), a 26.5% increase. This level was also 15.3% higher than the five-year average. The combination of anticipated demand and increased inventories contributed to the mixed performance of natural gas futures in the market. Stable Natural Gas Futures In summary, U.S. natural gas futures experienced limited movement as a result of a larger-than-expected storage build and forecasts of increased demand. While maintenance work on LNG export plants affected gas flows, the market remained optimistic due to anticipated hot weather and rising cooling demand. Source - https://www.fxempire.com/forecasts/article/natural-gas-forecast-futures-stable-amidst-bullish-weather-forecasts-1356617 Sources and Links LNG production - https://www.reuters.com/business/energy/us-lng-project-approvals-track-record-new-volumes-2023-06-23/ or https://www.worldoil.com/news/2023/6/23/tanzania-to-sign-42-billion-deal-for-onshore-lng-plant-in-july/ Employment - https://www.moroccoworldnews.com/2023/06/356113/anticipating-and-minimizing-job-loss-in-the-clean-energy-transition Heat pumps - https://www.theweathernetwork.com/en/news/weather/forecasts/average-canadian-households-could-spend-12-per-cent-less-on-energy-in-a-net-zero-future Hydrogen - https://www.eenews.net/articles/west-virginia-bets-on-hydrogen-in-gamble-to-save-coal-plant/ or https://www.neimagazine.com/features/featurehydrogen-and-the-nuclear-opportunity-10955860/ Natural gas - https://www.pipeline-journal.net/news/natural-gas-ally-reducing-greenhouse-gases Grid - https://greenly.earth/en-us/blog/company-guide/why-are-electricity-grids-a-challenge-for-the-us-transition Copper - https://www.critetf.com/posts/copper-is-key-to-delivering-green-energy Renewables - https://finance.yahoo.com/news/transgrid-spend-11-billion-prepare-045026230.html Biodiversity - https://finance.yahoo.com/news/natural-gas-part-discussion-summit-123000194.html

1. WHAT’S NEXT FOR NATURAL GAS
Paul Young CPA CGA
June 24, 2023

2. PRE-SALES, BUSINESS
DEVELOPMENT, AND
CUSTOMER SUCCESS
MANAGEMENT SME
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – ESG and Sustainability Reporting
and policy development
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: paul_young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• Natural Gas Market Outlook
• Natural Gas Power Generation
• Top Exporters of Natural Gas
• Conference Board / Natural Gas
• LNG / China
• LNG / Market Outlook
• Natural Gas Reserves
• Natural Gas / Power Generation
• Canada / LNG
• Power Generation
• What’s needs to be done

4. NATURAL GAS MARKET OUTLOOK
Source - https://www.eia.gov/outlooks/steo/ or https://www.forbes.com/sites/judeclemente/2019/12/01/6-keys-for-the-
natural-gas-market-into-2020/#4f1684587586
Source -
https://markets.businessinsider.com/co
mmodities/natural-gas-price

5. NATURAL GAS POWER GENERATION
Source - https://www.indexmundi.com/g/r.aspx?t=10&v=137

6. TOP EXPORTERS OF NATURAL
GAS
Source -
https://www.indexmundi.
com/g/r.aspx?t=10&v=1
38
https://www.cer-rec.gc.ca/en/data-analysis/energy-commodities/natural-gas/report/natural-gas-summary/natural-gas-annual-trade-summary-2019.html Source – BMO

7. COMMODITIES

8. TOP EXPORTERS
OF NATURAL
GAS
Source -
https://www.statista.com/statist
ics/274528/major-exporting-
countries-of-lng/

9. LNG / CHINA
Source -
https://oilprice.com/Energy/Na
tural-Gas/US-Is-The-
Surprising-Winner-In-Chinas-
LNG-Market.html

10. LNG MARKET
Source - https://www.globenewswire.com/news-
release/2020/06/09/2045905/0/en/Small-Scale-LNG-Market-Size-By-2019-to-2026-
Strong-Revenue-and-Competitive-Outlook-By-Top-Leaders-Honeywell-
International-Inc-Linde-plc-W%C3%A4rtsil%C3%A4-General-Electric.html

11. NATURAL GAS
RESERVES
Source -
https://www.indexmundi.com/g/r.as
px?t=10&v=98 or
https://www.statista.com/statistics/4
84821/canadian-region-natural-
gas-reserves/

12. NATURAL
GAS / POWER
GENERATION
Source -
https://www.eia.gov/todayin
energy/detail.php?id=42497

13. CONFERENCE BOARD / NATURAL GAS
Source - https://www.conferenceboard.ca/e-library/abstract.aspx?did=10763 and https://www.canadianmanufacturing.com/environment-and-
safety/canadas-liquefied-natural-gas-industry-expected-to-create-new-job-opportunities-experts-257917/

14. CANADA / LNG
• Slower demand along with hijacking of government by environmentalist - https://www.worldoil.com/news/2020/3/6/canada-s-lng-
dreams-fade-as-blockades-add-new-costs-to-industry
• BC projects still going strong - https://www.jwnenergy.com/article/2019/10/lng-canada-ramping-project-marks-one-year-construction/
• Australia and USA have jumped ahead of Canada in terms of LNG exports - https://www.jwnenergy.com/article/2019/12/canadian-lng-
global-opportunity-global-competition/
• “Legendary investor Warren Buffett’s decision to walk away from a proposed export terminal for liquefied natural gas in Quebec is
being held up in a new report as a sign that the LNG sector in Canada and elsewhere is on shaky ground. The Global Energy Monitor
report released Monday says Buffett’s move in March underscores the growing political and economic uncertainty that LNG projects are
facing even as governments around the world tout liquefied natural gas as a clean alternative to coal power.
”https://globalnews.ca/news/7146108/lng-canada-future-report/
• Canada needs to focus on its policies, i.e. environment, taxation, trade/FIPA, etc. -
https://www.kallanishenergy.com/2020/06/17/canadian-lng-alliance-launched-to-spearhead-lng-development-projects/

15. RICHEST PER CAPITA INCOME
COUNTRIES
Source -
Source - https://www.indexmundi.com/g/r.aspx?v=67
• Qatar is world leader with both natural gas and oil - https://www.fitchratings.com/research/sovereigns/fitch-
affirms-qatar-at-aa-outlook-stable-24-06-2020 . Qatar has a lot of issues with human rights -
https://www.amnesty.org/en/countries/middle-east-and-north-africa/qatar/report-qatar/
• Many of the high per capita countries are tax havens - https://www.taxjustice.net/2019/05/28/new-ranking-
reveals-corporate-tax-havens-behind-breakdown-of-global-corporate-tax-system-toll-of-uks-tax-war-exposed/

16. TECHNOLOGY AND NATURAL GAS
• Data and AI - https://www.ibm.com/industries/oil-gas/big-data-analytics
• Safety Analytics - https://www.ibm.com/thought-leadership/institute-business-value/report/ogrevolution
• Capacity Planning - https://revelwood.com/using-ibm-cognos-tm1-capacity-planning-oil-gas-industry/

17. POWER GENERATION / KEY COUNTRY –
Source - https://www.iea.org/reports/monthly-oecd-electricity-statistics

18. NATURAL GAS / CANADA

19. NATURAL GAS / CANADA

20. WHAT’S NEXT
• Natural gas continues to see wild
swings
Blog – Natural Gas Analysis and Commentary – June 2023
Inventories Significantly Higher
Total gas inventories in the United States remained significantly higher than the previous year.
They are standing at 2.729 trillion cubic feet (tcf), a 26.5% increase. This level was also 15.3%
higher than the five-year average. The combination of anticipated demand and increased
inventories contributed to the mixed performance of natural gas futures in the market.
Stable Natural Gas Futures
In summary, U.S. natural gas futures experienced limited movement as a result of a larger-than-
expected storage build and forecasts of increased demand. While maintenance work on LNG
export plants affected gas flows, the market remained optimistic due to anticipated hot weather
and rising cooling demand.
Source - https://www.fxempire.com/forecasts/article/natural-gas-forecast-futures-stable-amidst-bullish-
weather-forecasts-1356617
Sources and Links
LNG production - https://www.reuters.com/business/energy/us-lng-project-approvals-track-record-new-
volumes-2023-06-23/ or https://www.worldoil.com/news/2023/6/23/tanzania-to-sign-42-billion-deal-
for-onshore-lng-plant-in-july/
Employment - https://www.moroccoworldnews.com/2023/06/356113/anticipating-and-minimizing-job-
loss-in-the-clean-energy-transition
Heat pumps - https://www.theweathernetwork.com/en/news/weather/forecasts/average-canadian-
households-could-spend-12-per-cent-less-on-energy-in-a-net-zero-future
Hydrogen - https://www.eenews.net/articles/west-virginia-bets-on-hydrogen-in-gamble-to-save-coal-
plant/ or https://www.neimagazine.com/features/featurehydrogen-and-the-nuclear-opportunity-
10955860/