Nat Gas News – May 18, 2017

In the News

Oregon county rejects measure blocking natural gas terminal

Reuters reports: A coastal Oregon county overwhelmingly rejected a ballot measure aimed at blocking a proposed natural gas terminal dealing a blow to what was the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure, had it passed, would have banned transport of fossil fuels not intended for local use through Coos County, located about 200 miles (322 kms) south of Portland. Around 76 percent of votes were cast against the measure, with 24 percent in favor, according to unofficial results posted on the Coos County government website late Tuesday. The Coos County initiative was part of regional resistance in the Northwest to fossil fuel projects that has seen the blockage of several major export facilities. Passage of the Coos Bay measure would have been another blow for liquid natural gas projects on the West Coast, even as depots in other areas of the country have moved forward. Cheniere Energy Inc opened a port in Louisiana last year and several other companies are set to open projects on the Gulf Coast in 2018 and 2019. Dominion Energy Inc plans to open the Cove Point LNG port in Maryland later this year. For more on this story visit reuters.com or click http://reut.rs/2qtKwcA

U.S. natural gas extends losses after tallying worst day

Nasdaq reports: U.S. natural gas futures edged lower on Wednesday, extending their biggest one-day loss since late January amid bearish weather forecasts. Natural gas futures are down roughly 6% so far this week as the latest U.S. weather model called for mild temperatures over the next two weeks, which should reduce demand during that time. For more on this story visit nasdaq.com or click http://bit.ly/2qsIetA