Nat Gas News – September 12, 2017

Nat Gas News – September 12, 2017

Gas pipelines, LDCs still assessing Irma impacts

Platts reports: Operators of natural gas interstate pipeline systems and local distribution companies continued to assess the damage from Hurricane Irma on Monday morning. The storm, which slammed into Florida Sunday, caused significant damage throughout the entire state and crews were fanning out across a wide area Monday to assess damage to the gas infrastructure. Florida gas demand along with that of the overall Southeastern US declined sharply over the weekend as a result of Hurricane Irma, Platts Analytics Bentek Energy said. The largest concentrated impact came from Florida power burn, which declined 1.2 Bcf/d since Friday. Platts Analytics expects demand to continue to weaken in areas along the storm’s path as Irma moves further inland along a northwestern path into Georgia and Alabama. Florida demand is likely to remain suppressed even after the storm passes through the state as power companies work to restore damage from the storm, Platts Analytics said. Florida Gas Zone 3 is likely to experience downward pressure in the wake of the weekend’s demand destruction. For more on this story visit platts.com or click the following link http://bit.ly/2gZdrCu

U.S. natural gas futures push higher as Irma loses strength

Investing.com reports: U.S. natural gas futures started the week on the front foot on Monday, after Hurricane Irma struck the U.S. southeast with less force than once feared, easing worries over a hit to energy demand. Oct17 futures saw a weekly loss of nearly 6% as traders began to react to the reality that higher summer demand for the commodity is coming to an end. Early market expectations for this week’s storage data due on Thursday is for a build in a range between 72 and 83 billion cubic feet in the week ended September 8. For more visit investing.com or click the following link http://bit.ly/2eSeekp

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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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