Tag: storage
Cold weather, higher exports result in record American natural gas demand
Spot wholesale electricity prices also rose: $200/MWh in New York City, $185/MWh in New England Estimated U.S. natural gas demand on Jan. 1 reached 150.7 billion cubic feet, surpassing the previous single-day record set in 2014, according to the U.S. Energy Information Administration. Much colder-than-normal temperatures across much of the United States have led to increased […]
US natural gas inventories remain lower than 2016, but higher than 5-year average
For most of summer, natural gas production was relatively flat or declining Working natural gas inventory levels in the Lower 48 states since April have been lower than they were in 2016, but they are still higher than the previous five-year average (2012-2016), according to the U.S. Energy Information Administration. For the week ending Sept. 22, natural gas […]
US natural gas inventories end heating season above 5-year average
Natural gas consumption in residential, commercial, and industrial sectors remained relatively unchanged Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or almost 15 per cent above the five-year average according to EIA’s Weekly Natural Gas Storage Report. The total inventory of US […]
Natural gas storage capacity up in 2016 as US production soars
Design storage capacity grew 0.7%, even with no new storage facilities For the past three years, underground natural gas storage capacity in the Lower 48 states has changed by relatively small increments compared to the bigger changes in 2012 and 2013, according to the US Energy Information Administration. No new storage facilities have entered service since […]
TransCanada to develop 6.2 million barrel crude oil storage facility in Cushing, Oklahoma
New crude oil storage will be owned by M2 Infrastructure and operated by TransCanada M2 Infrastructure LLC announced today it entered into a memorandum of understanding with TransCanada Corporation to construct a 6.2 million barrels of new crude oil storage at TransCanada’s terminal in Cushing, Oklahoma, according to a press release. Cushing is the most active […]
Warm US weather leads to first ever Feb. natural gas storage injection
Net injection of 7 Bcf during the week ending Feb. 24, 2017, was extremely rare Warmer than normal weather throughout much of the United States resulted in the first recorded net natural gas injection during a week in Feb. since weekly storage data has been collected, according to the US Energy Information Administration. For the […]
AltaGas opens North America’s largest battery storage facility
80MWh from battery storage enough power to feed electricity needs of 5,000 homes over the 4-hour period AltaGas Ltd. celebrated the grand opening of its Pomona Energy Storage Facility at the site of its existing Pomona generation facility in the East Los Angeles Basin of Southern California, according to a press release. At 20 megawatts […]
Top 5 global carbon capture vendors from 2017 to 2021 – Technavio
Global carbon capture and storage vendors market is in its infancy Technavio announced the top five leading vendors in their recent global carbon capture and storage (CCS) market report, according to a press release. This market research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period. Competitive […]
US gas market eliminated storage surplus despite warm winter – Kemp
October 2016 production was almost 5% lower than in same month year earlier By John Kemp LONDON (Reuters) – The US gas market has tightened significantly over the last nine months as low prices have spurred strong consumption and exports while slashing drilling of new wells. The market has rebalanced despite an unusually mild winter […]
Natural gas prices in 2016 were the lowest in nearly 20 years
Production has not fallen as sharply as number of active rigs, as producers made gains in drilling efficiency US natural gas prices in 2016 averaged $2.49 per million British thermal units (MMBtu) at the national benchmark Henry Hub, the lowest annual average price since 1999. The monthly average price fell below $2.00/MMBtu from Feb. through May, […]
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