Natural Gas News – January 22, 2019

Natural Gas News – January 22, 2019

Natural Gas Pipeline Explodes in Eastern Ohio

Post Gazette reported: A natural gas pipeline explosion rocked Noble County, Ohio, on Monday sending one person to the hospital with burn injuries and obliterating two homes. A 30-inch Texas Eastern pipeline, now owned by Enbridge Inc. of Calgary, burst around 10:40 a.m. Calls began to flood into the Noble County 911 as the fire could be seen for miles. Enbridge had shut off the valves to cut off the gas to the ruptured portion in less than an hour, said Noble County Emergency Management Director Chasity Schmelzenbach. But as the initial fireball dwindled, secondary fires engulfed the homes, barns and trees, she said. A year ago next week, another natural gas pipeline exploded in Noble County, Reuters notes. The Texas Eastern pipeline involved in Monday’s blast is part of the same system that ruptured in Westmoreland County on April 29, 2016, severely burning a man. That explosion, on a 1981-vintage pipeline, was determined to have been caused by corrosion. For more on this story visit post-gazette.com or click https://bit.ly/2FQmeRu

Gazprom Export Sees Natural Gas Sales on Electronic Platform

S&P Global reported: Sales of Russian gas Monday on Gazprom Export’s Electronic Sales Platform slumped to 8 million cu m from 82 million cu m at the previous auction, hitting their lowest so far in January. The sales were all for day-ahead delivery to the Dutch TTF hub and the German GASPOOL and NCG hubs. Sales on the ESP last week had been high ahead of the first real winter cold snap — on both a day-ahead and month-ahead basis – – but temperature forecasts across northwest Europe have been revised down in recent days. The last few auctions have offered the most varied options for gas sales since the ESP was launched in late September, with day-ahead and balance-of-month gas added to the usual month-ahead or two month-ahead offers. Overall volumes sold on the ESP since late September 2018 have now risen to 2.13 Bcm. For more on this story visit spglobal.com or click https://bit.ly/2WbWvZt

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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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