Nat Gas News – September 29, 2017

Nat Gas News – September 29, 2017

Drone Inspections of Natural Gas Pipelines May Soon be Reality

Triblive.com reports: Drones may be able to detect incipient leaks in underground natural gas pipelines, and even prevent them, once technical and regulatory hurdles have been resolved. Officials cited corrosion as a factor in a natural gas pipeline explosion that rocked Salem last year. But Conshocken-based drone entrepreneur David Yoel, a presenter at this week’s Pennsylvania Aviation Conference in Greensburg, noted most pipeline leaks are caused by a third party mistakenly digging into the line with heavy equipment. Yoel’s company, American Aerospace Technologies, is developing sensors for a long-range drone that could conduct a fly-by inspection of a pipeline corridor from a height of 1,000 feet or more, picking up signs of machinery digging too closely or of leaking methane. “With an infrared camera, we can detect the heat signatures of active machinery, and we can see the machinery very clearly,” Yoel said. “We’re also testing algorithms that can detect machinery.” For more visit triblive.com or click the following link http://bit.ly/2yxY1IY

NYMEX November Gas Dips 4.4 Cents on ‘Lackluster’ Market after EIA Data

Platts reports: NYMEX November natural gas futures settled at $3.017/MMBtu, down 4.4 cents, as a lackluster market put pressure on the contract despite a lower-than-expected storage build from the US Energy Information Administration. “Those numbers look like they are on the bullish end of things and the market initially popped in reaction,” said Phil Flynn, senior market analyst for Price Futures Group, “but it’s looking like October is not going to be the shoulder month we expected.” For more on this story visit platts.com or click the following link http://bit.ly/2xCQ9Jg

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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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