Natural Gas News – August 6, 2020
US natural gas in storage likely rose by below-average volumes as Henry Hub futures surge
US natural gas stocks likely increased at a below-average rate once again last week as the return of LNG demand combined with sustained lower domestic production trims the storage surplus, providing significant uplift to futures at the benchmark Henry Hub, a survey of analysts showed. The US Energy Information Administration is expected to report a 27 Bcf injection for the week-ended July 31, according to a survey of analysts by S&P Global Platts. Responses to the survey were tight and ranged from an injection of 20 Bcf to 33 Bcf. The EIA plans to release its weekly storage report on Thursday at 10:30 am ET. A 27 Bcf injection would be much less than the 58 Bcf addition in the corresponding week last year and the five year
average build of 33 Bcf. A build within expectations would increase stocks to 3.268 Tcf. The surplus to the five-year average would slide to 423 Bcf, and the overhang to 2019 would contract to 595 Bcf. For more on this story visit spgglobal.com or click https://bit.ly/3kkMxkz
US DOI approves permits for Alaska LNG Pipeline project
The US Department of Interior has announced decisions for the Alaska Liquified Natural Gas (LNG) Pipeline Project, approving the issuance of
rights-of-way permits across federal lands managed by the Bureau of Land Management (BLM) and National Park Service (NPS). These decisions, which adopt the Federal Energy Regulatory Commission’s (FERC) environmental impact statement (EIS), establish the environmental protections for wetlands, wildlife, recreation access and other resources that will govern access for a liquified natural gas pipeline; a major step in the permit process for the project. For more on this story visit constuctionreviewonline.com or https://bit.ly/2EUxwG1
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