Natural Gas News – May 3, 2019
Natural Gas News – May 3, 2019
NRG to Return Texas Natural Gas Plant to Service
Compelo reported: The Gregory plant ceased operations in late 2016 when its cogeneration partner, Sherwin Alumina, filed for bankruptcy and discontinued operations. Following resolution of certain issues resulting from the Sherwin Alumina bankruptcy, the Gregory plant is expected to return to service as a combined cycle facility in early June 2019. “I am pleased to announce the return to service of this highly efficient natural gas plant,” said Mauricio Gutierrez, President and CEO of NRG. “The Public Utility Commission of Texas’ recent actions to further strengthen the ERCOT market reinforced our decision to return Gregory to service ahead of summer, providing additional reliability to our customers and Texas’ growing economy.”
Ukraine Looks to Boost Gas Stocks Ahead of Next Winter as Gazprom Talks Loom
S&P Global reports: Ukrainian and European traders are accumulating additional reserves of natural gas ahead of next winter to prepare for any potential supply disruptions amid a looming stand-off with Russia. Andriy Kobolev, head of state energy company Naftogaz Ukrayiny, said Ukraine will accumulate 20 Bcm of gas ahead of next winter, up from the 17 Bcm it usually has in underground storage facilities for the start of the heating season. “It is important to have heat in Ukrainian homes even if Gazprom is going to trigger another crisis,” Kobolev said Thursday. “European traders are also creating additional reserves.” Kobolev’s comments come days after Russian President Vladimir Putin commented in Beijing on the unwelcome scenario for Ukraine should Naftogaz and Gazprom fail to sign a new gas transit agreement. The companies’ current 10-year agreement expires at the end the year, with a new deal not signed.
This article is part of Daily Natural Gas Newsletter
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
