Nat Gas News – June 22, 2017
Nat Gas News – June 22, 2017
Duke, Piedmont seek extensions before Atlantic Coast Pipeline contracts expire this month
Charlotte Business Journal reports: Duke Energy (NYSE: DUK) and Piedmont Natural Gas want state regulators to approve an extension of gas purchase agreements they made with the Atlantic Coast Pipeline that are set to expire June 30. The agreements, signed in April 2014, can be terminated on that date because the Federal Energy Regulatory Commission has not yet issued a certificate of public convenience and necessity for the 600-mile pipeline. The N.C. Utilities Commission approved those “precedent contracts” for gas purchases in November 2014. And they contained the June 30, 2017 termination deadline. For more on this story visit bizjournals.com or click the following link http://bit.ly/2sSDP4M
Berkeley Lab awarded $4.6 million for risk mitigation of natural gas storage and transmission
Yuba Net reports: The massive natural gas leak at Aliso Canyon shined a light on California’s aging natural gas infrastructure. And five years of extreme drought also exacted its toll on transmission pipelines. Now the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) has been awarded $4.6 million by the California Energy Commission for two projects aimed at improving the safety and reliability of the state’s natural gas system. The first project, led by Yingqi Zhang, will receive $3 million to develop a more comprehensive approach toward risk management, based on integration of real-time data and scientific models. The second project, led by Jonny Rutqvist, will receive $1.6 million to develop a new 3-D methodology to identify and monitor areas at high risk of ground deformation caused by sinking land. For more on this story visit yubanet.com or click http://bit.ly/2sVMGDG
This article is part of Daily Natural Gas Newsletter
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.
