Natural Gas News – January 4, 2018
Natural Gas News – January 4, 2018
Extreme Cold Sinks U.S. Natural Gas Exports to Mexico
Bloomberg reported: The unusual frigid weather hitting the U.S. Gulf of Mexico has the region burning the most natural gas in a year to stay warm, leaving little fuel to send south of the border. Residential and commercial demand for gas in the Gulf rose to 5 billion cubic feet a day this week, the highest since last January, according to estimates from Bloomberg New Energy Finance. Spot prices at the Waha Hub in West Texas, which usually trade at a discount to the Henry Hub benchmark in Louisiana, surged to a 69 cent premium, according to Genscape Inc. data. With demand soaring in Texas, gas exports to Mexico on Tuesday dropped to the lowest level since Hurricane Harvey hit the Gulf in August. “It’s been so cold in the Northeast that gas has actually been flowing south to north to keep up with the demand,” Shah said. “The gas is being reshuffled and moved east and north.” For more visit Bloomberg.com or click https://bloom.bg/2CQ2VV0
Pennsylvania Shuts Down Construction on Sunoco Gas Pipeline
The Pittsburgh Post-Gazette reported: Pennsylvania regulators halted construction of the Mariner East 2 pipeline after a pattern of “egregious and willful violations” that has trailed the year-old project. The move on Wednesday followed months of back and forth between the state Department of Environmental Protection, environmental groups, and Sunoco Logistics, the company building the $2.5 billion twin natural gas liquids pipelines across 17 counties in Pennsylvania. The DEP said nothing short of halting construction would shake Sunoco’s demonstrated “lack of ability or intention to comply” with state laws that safeguard commonwealth land and waterways. Since permits were issued in February 2017, Sunoco has racked up dozens of violations for spills of drilling mud along its path, some flowing into sensitive streams and others clouding water supplies for nearby residents. The DEP also documented numerous instances of Sunoco not following conditions of its permits. For more visit post-gazette.com or click http://bit.ly/2E4gYpy
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