Natural Gas News – May 9, 2019
Natural Gas News – May 9, 2019
As Natural Gas Output Maxes, Bulls Bet Big On Summer and U.S. LNG Demand
Investing reported: U.S. natural gas production is hitting record highs week after week. But bets for a spike in summer heating and LNG (liquified natural gas) demand is preventing prices of the fuel from caving, throwing market bulls a lifeline. Underground storage caverns have been filling with gas as mild weather that requires neither heating nor cooling prompts utilities to inject the bulk of what they produce each week, after using a portion for electricity generation. While the U.S. Energy Information Administration is expected to cite a smaller storage build of 85 billion cubic feet for last week in its supply-demand report due at 10:30 AM ET (14:30 GMT) today—versus the previous weekly injection of 123 bcf—the tapering could be a one-off event. For more on this story visit investing.com or click https://bit.ly/309fw0Q
‘Atmos Has an Obligation’ To Give Customers Gas Detectors, Says Texas Burn Victim Who’s Suing
Dallas News reported: In his dreams, Russell McElyea relives a day at a friend’s house two years ago. He’s at Raul Pedroza’s home in Stephenville, about 60 miles southwest of Fort Worth, watching his friend make lunch. Pedroza washes his hands, then turns on the stove — and disappears with a boom into a 6-foot ball of fire and a haze of white smoke. “My best friend was covered in blue flames,” said McElyea, 62. Video recorded minutes later on responding police officers’ body cameras shows Pedroza begging for help on a neighbor’s front porch, with the front of his shirt and the skin on his arms burned off. Neither man reported smelling natural gas before the blast, and McElyea says Texans should know that the telltale sulfuric odor isn’t a foolproof method of discovering a leak. For more on this story visit dallasnews.com or click https://bit.ly/2DYD8Mh
This article is part of Daily Natural Gas Newsletter
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