Nat Gas News – June 23, 2017

Nat Gas News – June 23, 2017

Firm Demand Helps Underpin Natural Gas Prices, Oil Trends Remain In Focus

Economic Calendar reports: Natural gas prices were confined to narrow ranges during the European session on Thursday with fluctuations around the $2.90 per mBtu level. The latest natural gas storage data recorded an increase of 61 Billion cubic feet (Bcf) compared with expectations of a build around 58 Bcf, although this was the lowest increase for 6 weeks. The data helped boost confidence that storage builds would be limited during the summer period. In the near term, there were still expectations of slightly higher than normal gas demand due to the influence of hot weather conditions in the South and South West. For more on this story visit or click the following link

Kemper plant could run solely on natural gas after Mississippi regulatory directive

Utility Drive reports: Mississippi regulators on Wednesday voted to direct Southern Co. to work up a settlement plan on the Kemper Integrated Gasification Combined Cycle plant would allow the plant to run solely on natural gas. The plant, originally budgeted at less than $3 billion, was designed to convert locally-mined coal into a synthetic gas. But construction delays and overruns have more than doubled the price to about $7 billion. The PSC voted 3-0 to direct its counsel to begin drafting an order on the plant for its July 6 meeting. The commissioners also said the order should include directives to prevent further rate increases. For more visit or click the following link

Market Condition Report - Disclaimer
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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.


Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote