Nat Gas News – April 3, 2017

Nat Gas News – April 3, 2017

In the News

U.S. natural gas prices rise to limit summer power burn

Reuters reports: The U.S. gas market is looking a little tight despite another record warm winter that limited heating demand. Growing structural consumption from electric power producers as well as increasing exports are significantly changing the balance between supply and demand. Consumption (including exports) is now running higher for any given level of heating and cooling demand with the result the market wants to carry a higher level of inventories. Inventories are still 250 billion cubic feet (14 percent) above the five-year average, according to the U.S. Energy Information Administration. But stocks do not look excessive given the underlying increase in consumption from new and planned gasfired power plants and scheduled increases in export capacity. Gas-fired generation capacity has increased from 432 gigawatts (GW) at the end of 2014 to 447 GW at the end of 2016 (tmsnrt.rs/2mVnnPP). Capacity has increased in the last two years by the equivalent of the entire generation capacity of the state of Minnesota. For more on this story visit reuters.com or click the following link http://reut.rs/2ozc9gS

Sabal Trail: Pipeline brings natural gas and protests

The Orlando Sentinel reports: pipe as big around as a semi-truck tire is on the verge of pumping natural gas under high pressure from Alabama, across a corner of Georgia, through Florida’s swamps, ranches, suburbia and a tourist strip to the heart of Central Florida. To big utility companies, the 515-mile, $3.2 billion Sabal Trail pipeline is an essential artery, the cleanest, cheapest and safest way to guarantee around-the-clock electricity for more than a million homes in Florida. For environmentalists who have staged weekly protests, the steel pipe armored in green plastic is a threat to the planet’s health on par with the reviled Keystone XL and Dakota Access oil pipelines in the works. For more on this story visit orlandosentinel.com or click http://bit.ly/2orh6Lu

 

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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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