Nat Gas News – June 9, 2017

Nat Gas News – June 9, 2017

In the News

First tanker with US natural gas reaches Poland

Fox Business reports: The first ever tanker with liquefied natural gas from the United States arrived in Poland on Thursday as part of the country’s — and the region’s — efforts to cut its dependence on Russia. It was the first delivery of U.S. gas to eastern and northern Europe, which is building a new network of energy sources and gas transportation. Last year, Poland opened its first terminal for liquefied natural gas, or LNG, in Swinoujscie, on the Baltic Sea coast, to be able to receive such gas from distant suppliers like the U.S. or Qatar, which has already made some deliveries. Officials did not reveal the size of the delivery or the cost of the deal, which was made with Houston-based Cheniere Energy, Inc. The U.S. is rich in shale gas and has been exporting the fuel to southern European nations such as Spain and Turkey, but not yet to nations in the continent’s north. Another U.S. delivery to Poland is expected this summer. For more visit foxbusiness.com or click the following link http://fxn.ws/2s1pnqN

U.S. natural gas slides after bearish weekly storage data

Nasdaq reports: U.S. natural gas futures edged lower on Thursday, after data showed that natural gas supplies in storage in the U.S. rose more than expected last week. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 106 billion cubic feet in the week ended June 2, above forecasts for a build of 98 billion. That compared with a gain of 81 billion cubic feet in the preceding week, an increase of 65 billion a year earlier and a five-year average rise of 94 billion cubic feet. Natural gas futures settled lower for seventh time in the past eight sessions on Wednesday after falling to its lowest since March 20 at $2.935 at the start of the week. For more on this story visit nasdaq.com or click the following link http://bit.ly/2sjLeKQ