Nat Gas News – September 28, 2017
Nat Gas News – September 28, 2017
‘New Day’ For Jordan Cove LNG, Says Colorado Producer Group
Natural Gas Intelligence reports: Colorado’s West Slope producer group is optimistic the new FERC application for the Jordan Cove liquefied natural gas (LNG) export project in Oregon and companion Pacific Connector transmission pipeline should open a “new day” to complete the promise of a 1 Bcf/d export project on the U.S. West Coast. Jordan Cove in its application noted that it has secured some customers, altered the proposed onsite power plant and opened the right-of-way portfolio. Although it is still unclear from where Jordan Cove will secure all of its gas supply, a rough “back-of-a-napkin” calculation is to multiply 1 Bcf/d at the Opal Hub price to get a sense of the “broad value” of the export project to western Colorado. For more visit naturalgasintel.com or click http://bit.ly/2yu7jpd
U.S. Natural Gas Prices Rise as Winter Stocks Look Tight
U.S. natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are in line with the five-year seasonal average but that may not be enough given the increase in exports and the number of additional combined-cycle power plants that have become operational in 2017. The last two winters have been exceptionally mild; if this winter proves colder, which is likely simply on the basis of probabilities, inventories could come under pressure. Hurricanes Harvey and Irma caused extensive damage to electricity transmission and distribution networks in Texas and Florida. But the rise in stocks is likely to prove temporary as electrical connections are restored throughout the region and petchems plants return to normal operations. Now that excess stocks inherited from earlier this year have been worked down, the outlook for gas this winter appears somewhat tight and forward prices are rising as a result. For more on this story visit reuters.com or click http://bit.ly/2yu7jpd
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