Natural Gas News – January 8, 2018

Natural Gas News – January 8, 2018

Dominion-SCANA Merger Could Mean Pipeline Expansion

The Wichita Eagle reported: RICHMOND, VA.-Dominion Energy’s planned merger with a South Carolina energy company could open the door for an expansion of the proposed Atlantic Coast Pipeline, both supporters and opponents of the natural gas project say. In a conference call about the proposed merger, Dominion CEO Tom Farrell said SCANA Corp. is a “natural fit” for Dominion, which already operates a network of smaller natural gas transmission pipelines in South Carolina. “This combination can open new expansion opportunities, including the Atlantic Coast Pipeline that is now under development, bringing lower-cost natural gas to the region,” Farrell said on the call this week. The Associated Press previously reported that Richmond-based Dominion is considering expanding the project into South Carolina, where business leaders have welcomed the prospect of an increased natural gas supply. Environmental groups, however, said the potential for an expansion into South Carolina raises questions about the pipeline’s true need as initially proposed. For more visit kansas.com or click http://bit.ly/2AGHSRX

Frigid Weather Sends Heating Prices Soaring as Energy Usage Spikes

Reuters reported: NEW YORK (Reuters) – A severe winter storm in the U.S. Northeast brought plunging temperatures on Friday, driving regional natural gas prices to all-time highs, disrupting refinery operations and causing electrical outages. From Baltimore to Caribou, Maine, efforts were under way to clear roadways from Thursday’s snowfall. Temperatures were expected to be 20 to 30 degrees Fahrenheit below the average for this time of year and could set records, according to the National Weather Service. Power outages fell to 123,000 from the 235,000 knocked out by the storm over the past couple of days and were largely concentrated in Canada, with 85,100 in Nova Scotia, 16,600 in New Brunswick and 5,100 in Quebec. For more visit reuters.com or click http://reut.rs/2maWAwn

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