Natural Gas News – August 4, 2017

Natural Gas News – August 4, 2017

Frustrating Delays for Natural Gas: Interior Energy Project Halted in Argument about IGU Spending

Daily News-Miner reports: For more than a year, progress has effectively been at a halt on the Interior Energy Project that aims to bring the fuel to Fairbanks and provide a lower-cost, more stable heating option for residents. The picture got worse late last month, when an Interior Gas Utility update to the Borough Assembly revealed that IGU has been forced to stop work on the project because of a dispute with the Alaska Industrial Development and Export Authority, which controls the state funds granted to the project. Looming over the drama that has caused the recent work stoppage is a larger structural problem: The three-year oil price slump that has cratered state revenues has also hurt the profitability of natural gas, making the work of lining up a supplier, along with finalizing the purchase and transfer of Fairbanks Natural Gas parent company Pentex — significantly more difficult. For more information visit newminer.com or click http://bit.ly/2fclJWY

U.S. Natural Gas Futures Spike Higher after Weekly Storage Data

Corpus Christi Caller Times reports: A Houston -based midstream energy company announced plans to build a 510-mile natural gas pipeline that would connect the Corpus Christi area to the Permian Basin. Permico Energia’s $2 billion pipeline system would include a fractionator in the Coastal Bend to separate the natural gas into individual products, such as ethane, propane and butane. It also would include a 350-mile system that will transport product to other Texas Gulf Coast industrial markets, including the Mont Belvieu area near Houston. For more on this story visit caller.com or click the following link http://bit.ly/2vNhPYf

Market Condition Report - Disclaimer
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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