Nat Gas News – April 21, 2017

Nat Gas News – April 21, 2017

In the News

EIA Reports Natural Gas Inventories Rise 54 Bcf, Largest Increase For 5 Months

Economic Calendar reports: The latest Energy Information Administration (EIA) natural gas storage data recorded a build of 54 Billion Cubic feet (Bcf) for the week ending April 14th. The significant increase in stocks for the week illustrates that weather conditions will need to be substantially colder than normal to trigger a significant draw in stocks. There will also be concerns that the first significant build of the season came slightly earlier than last year. Weakness in energy markets undermined natural gas prices on Wednesday, especially with fragile risk conditions. Commodity prices overall have also remained generally vulnerable which has also had a negative impact. For more on this story visit economiccalendar.com or click the following link http://bit.ly/2oVyMfS

With New Advance, Natural Gas Filtering Technology Moves Closer to Commercial Reality

Journal of Petroleum reports: Researchers at Rice University in Houston have advanced their efforts to develop a low cost and relatively simple-to-make filtering material for carbon dioxide separation and capture. Their aim is for this new material to be used at natural gas gathering facilities where it will absorb carbon dioxide from natural gas streams while allowing the methane product to pass through. Critical for commercialization, he also emphasized that oil and gas companies should be able to create the porous carbon in their own laboratories or by those run by their third-party developers. While the foundational research for this project requires a deep knowledge of organic chemistry, Ghosh said the synthetization process is “straightforward” enough for less-specialized technicians to follow. For more on this story visit spe.org.com or click the following link http://bit.ly/2ovN1X8

 

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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.

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