Natural Gas News – July 27, 2017

Natural Gas News – July 27, 2017

Somerset Energy Center Monitoring System Should be Complete by October

Commonwealth Journal reports: A team of engineers from Texas has just completed identification of 15 control and monitoring points along Somerset’s natural gas pipeline system in Eastern Kentucky, Somerset Mayor Eddie Girdler said this week. With the monitoring system in place, Somerset Gas Company engineers, from control panels at the Energy Center, can open and close valves, directing the flow of natural gas to most profitable destinations. Power to operate the control mechanisms along the pipeline system will be done with electricity where available and with portable generators at most other locations. Solar panels may provide power at a few locations where sufficient sunlight will generate energy, Girdler noted. The city’s state-of-the-art Energy Center is first of its kind in the state and nation. For more visit Somerset-Kentucky.com or click http://bit.ly/2eR1iP8

Natural Gas Prices Retreat, Demand Expectations Fade Slightly

Economic Calendar reports: There was a slightly less confident stance surrounding gas demand which pulled prices lower on Wednesday ahead of Thursday’s weekly storage data. Natural gas prices continued to edge higher later in US trading on Tuesday and peaked in Asia close to the $2.95 per mBtu level. The latest weather reports suggest that strong demand will continue to dominate in the short term, although there is scope for a gradual shift to more moderate demand and conditions during next week. Overall, demand conditions are likely to provide reduced net support to prices, although underlying losses should still be limited from current levels. For more visit economiccalendar.com or click http://bit.ly/2h3skDp

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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