Natural Gas News – April 6, 2018

Natural Gas News – April 6, 2018

Eversource Invests $3.2 Million to Upgrade Natural Gas System in Waterbury, Connecticut

Daily Energy Insider reported: The utility Eversource is currently investing $3.2 million into natural gas distribution system upgrades in Waterbury, Connecticut. Crews are on site every weekday during daylight hours, working to replace more than 8,200 feet of existing main, trading cast iron, and bare steel with plastic pipe. It builds on the nearly 140 miles of aging gas lines they have already been replaced since 2012 and, in the end, the hope is that they will have a more durable and temperature weatherable pipe system. “These investments allow us to further modernize the gas distribution system, minimizing repairs and any service interruptions,” Bill Akley, Eversource president of Gas Operations, said. “Proactively upgrading the system helps to ensure our customers in Connecticut have a better, stronger network for decades to come.” For more on this story visit dailyenergyinsider.com or click https://bit.ly/2qeXhGi

BP May Invest $2 Billion in India Over Next Few Years

Money Control reported: British Petroleum (BP) India is planning to invest over USD 2 billion in the Indian market through its upstream ventures in the next few years, reported Min. BP India is expecting nearly 10 percent of BP’s global earning to flow from India considering the growing energy demand and plans to invest in cutting-edge renewable and alternate energy technologies, Sashi Mukundan, BP Group’s regional president and head of India told the paper. The firm’s total earning in FY17 jumped more than double from the previous year to stand at USD 6.2 billion. The company has been investing in the Indian market. BP has invested more than USD 8 billion in India in the past seven years. For more visit moneycontrol.com or click https://bit.ly/2GGP98n

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