Nat Gas News – April 5, 2017

Nat Gas News – April 5, 2017

In the News

U.S. natural gas futures rise for 1st time in 4 sessions

Investing.com reports: U.S. natural gas futures were higher on Tuesday, rising for the first time in four sessions as traders monitored shifting weather forecasts to assess the outlook for earlyspring demand and supply levels. A strong spring storm with heavy showers and thunderstorms will track across the southern and east-central U.S. and then across the Northeast in the first half of the coming week. A colder storm will then track across the south-central and eastern U.S. later in the week, which should boost demand back above normal levels. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on early-spring demand. For more visit bloomberg.com or click http://bit.ly/2naEEnY

Aliso Canyon Senate bill moves forward

mynewsla.com reports: A state Senate committee approved a bill Tuesday that would prevent the reopening of the Aliso Canyon natural gas storage facility in Porter Ranch until an investigation is completed into the cause of a four-month methane leak from the facility. The Senate Energy, Utilities and Communications Committee, however, amended the bill to authorize the governor to declare an emergency and temporarily allow gas injections at the facility to prevent interruptions in Southland energy supplies. The Aliso Canyon storage facility has been largely out of use since the four-month leak spewed about 109,000 metric tons of methane into the air and led to the temporary relocation of about 7,000 residents. The leak began in October 2015 and was capped in February 2016. EES Consulting was hired by the county to study the utility’s claims that consumers might experience blackouts if Aliso Canyon was out of service. For more visit mynewsla.com or click http://bit.ly/2oBj1h8

 

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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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