Natural Gas News – July 21, 2017
Natural Gas News – July 21, 2017
Aliso Canyon natural gas facility that was site of massive leak can reopen, state says
Los Angeles Times reports: The Aliso Canyon natural gas storage facility, where the largest methane leak in U.S. history forced thousands to flee their homes, can resume natural gas injections at a reduced capacity, state officials said Wednesday. The announcement follows months of inspections at the sprawling field above Porter Ranch and the implementation of new safety protocols that officials said will protect the public and stave off an energy shortage in Southern California. For months starting in 2015, a ruptured well at the facility spewed tens of thousands of tons of gas. Roughly 8,000 families in and around the northwest San Fernando Valley neighborhood were driven from their homes, with many complaining of health issues that included cancer, nausea and nosebleeds. The blowout took more than four months to plug. Now, the facility will operate at 28% of its capacity. For more on this story visit latimes.com or click http://lat.ms/2uDGhxH
Investors Squeezing Oil & Gas Developers To Cut Methane
Forbes reports: Oil and gas developers may soon be feeling the effects of a one-two punch — an adverse court ruling dealing with their methane emissions and now an investor-led initiative pushing them to be more transparent. the Principles for Responsible Investment is rounding up support to get those energy companies to measure their methane releases, report them to shareholders and to work to capture them by using “off-the-shelf” technologies. The methane could then be resold oil and gas companies would have a positive pay-back. Altogether, PRI says its initiative represents 35 investors who control $3.8 trillion. For more visit forbes.com or click the following link http://bit.ly/2uGkYLt
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.
