Nat Gas News – November 2, 2018

Nat Gas News – November 2, 2018

Gas Service More Resilient Than Power During Disasters, But Harder to Restore: Study

S&P Global reported: Over a series of recent natural disasters, natural gas service was less likely to be disrupted than electricity service, although restoring gas service was more time consuming and labor intensive than power, according to ICF International analysis of major climate related events in 2017. The analysis, commissioned by Southern California Gas, looked at the effects of hurricanes Harvey and Irma, along with two rounds of wildfires in California and subsequent mudslides. “These case studies found that natural gas infrastructure and services were relatively resilient to hurricanes, wildfires and mudslides. For more on this story visit spglobal.com or click https://bit.ly/2OkPGzC

NuVista Energy Ltd. Announces Pipestone North Egress and Processing Agreements

Marketwatch reports: NuVista Energy Ltd. (“NuVista” or the “Company”) (NVA) is pleased to announce that it has entered into an agreement as anchor tenant with Veresen Midstream Limited Partnership (“Veresen” or “VMLP”) for firm transportation and processing of 100 MMcf/d of raw gas from our newly acquired Pipestone North block of lands. The processing capacity will be added in two incremental steps of 50 MMcf/d, each commencing in late 2020 and late 2021. NuVista has the flexibility to push the timing of half of the 2021 tranche to 2022 if desired. The 15 year agreement is underpinned by 80% take-or-pay terms which provides flexibility to produce above or below these firmly contracted amounts. The capacity will be provided by the expansion of the Veresen owned Hythe Gas Plant to accommodate an additional 100 MMcf/d of raw gas, and the construction of a new sour gas pipeline connecting a portion of NuVista’s Pipestone North production to the Hythe Gas Plant. For more on this story visit marketwatch.com or click https://on.mktw.net/2PwxKab

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