Natural Gas News – August 3, 2017
Natural Gas News – August 3, 2017
Natural Gas Council releases white paper on natural gas reliability, resilience
Daily Energy Insider reports: The Natural Gas Council released a report Monday that focused on the reliability and resilience of operational processes, physical aspects and contractual foundations of the natural gas system. “Given the relia-bility of the nation’s producers, pipelines and distribution network, natural gas should remain an integral component of the electric generation portfolio,” said Barry Russell, president and CEO of the Independent Petroleum Association of America (IPAA), which leads the Natural Gas Council in 2017. “The findings in this study provide specific recommendations on how the electric industry can take full advantage of America’s natural gas resources.” The paper notes that in 2016, fewer than 100,000 natural gas customers experienced a disruption, while 8.1 million Americans overall experienced power outages. For more visit dailyenergyinsider.com or click http://bit.ly/2u7ayW0
U.S. natural gas pauses near 5-month low as focus shifts to storage data
Nasdaq reports: U.S. natural gas futures held near the prior session’s five-month low on Wednesday, as investors looked ahead to weekly data from the U.S. on supplies in storage to gauge demand for the fuel. U.S. natural gas for September delivery was at $2.813 per million British thermal units by 9:05AM ET, down 0.6 cents, or around 0.2%. Market participants now looked ahead to weekly storage data due on Thursday, which is expected to show a build in a range between 17 and 27 billion cubic feet in the week ended July 28. That compares with a gain of 17 billion cubic feet in the preceding week, a withdrawal of 6 billion a year earlier and a five-year average rise of 44 billion cubic feet. For more on this story visit nasdaq.com or click http://bit.ly/2fbpwnr
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