Natural Gas News – September 28, 2020

NGN September 28, 2020

Natural Gas Will Rule The US Energy Market For Decades

Natural Gas Will Rule The US Energy Market For Decades- Natural gas was first hailed as the bridge between the fossil fuel past and the renewable future. Then it came under fire because although cleaner than oil and coal, it is not entirely emission-free. But according to a new report from Energy Market Advisors, it will rule the energy mix of the United States even 20 years from now. The reasons for this continued dominance are simple enough even if they may be unpleasant for the most hard-line supporters of renewables such as solar and wind. Gas is not only cheap, but its supply is
also continuous, so, importantly, it does not need battery storage the way solar and wind do, which increases the total costs of such installations
even if other costs are falling, which they are. For more on this story visit oilprice.com or click https://bit.ly/3ib0EGX

Feds Give Weymouth Natural Gas Compressor Station Final Green Light To Begin Operations

The controversial Weymouth Natural Gas Compressor Station overcame its final regulatory hurdle Thursday when the Federal Energy Regulatory Commission (FERC) gave the company behind the facility, Enbridge, permission to put the station “into service.” “This authorization is granted on the basis of [Enbridge’s] construction status reports and photographic documentation,” Rich McGuire, FERC’s Division of Gas director, wrote in a letter.
He went on to say that the company appears to have “adequately stabilized areas disturbed by construction and that restoration is proceeding satisfactorily.” For more on this story visit wbur.org or https://wbur.fm/3i6SQWV

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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