RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2018-11-19 11:25:00

U.S. GAS PRICES UP

U.S. GAS PRICES UP

REUTERSNext-day natural gas prices for Friday at the Sumas hub on the border between Washington state and British Columbia quadrupled to a record high on forecasts for cooler, near-normal weather in the Pacific Northwest and declining pipeline flows from Canada.

That follows a week of mostly above-normal temperatures.

Prices in the region have been elevated since the amount of gas flowing from British Columbia to Washington was cut after one of Enbridge Inc's Westcoast pipes in British Columbia was damaged in an explosion on Oct. 9.

The amount of gas flowing from British Columbia to Washington through the Sumas hub was expected to decline to around 0.3 billion cubic feet per day (bcfd) on Friday from an average of 0.5 bcfd since the pipe blast.

One billion cubic feet of gas is enough to fuel about 5 million U.S. homes for a day.

That compares with average flows of 1.1 bcfd during the 30 days prior to the blast.

Enbridge started to return the damaged 36-inch (91.4 centimeter) pipe to service on Oct. 31 and expects to increase flows to 80 percent of normal by mid November. The company said it would test the 36-inch pipe and an adjacent 30-inch pipe that is also operating at 80 percent of normal pressure to determine when it can restore both to full pressure.

At their reduced flows, Enbridge estimated the system can deliver up to 0.9 bcfd of gas to British Columbia and the U.S. Pacific Northwest.

Prices at the Sumas hub  jumped to a record high of $61.82 per million British thermal units (mmBtu) from $14.04 for Thursday, according to data going back to 2013.

Since the blast next-day prices have averaged $9.55/mmBtu. That compares with an average of $2.12/mmBtu since the start of the year before the blast, $2.60 in calendar 2017 and a five-year (2013-2017) average of $3.03.

High temperatures in Seattle, Washington's biggest city, were only expected to reach the low 50s Fahrenheit (10-11 degrees Celsius) for most of the rest of November, after topping out in the upper 50s for much of this week, according to AccuWeather. The normal high in Seattle at this time of year is 50 degrees.

With the weather turning colder across the region, Fortis Inc's British Columbia gas utility urged customers to conserve more energy because it was only receiving about 55 percent of the fuel it usually gets from the damaged Enbridge pipes in November.

 

-----

Earlier:

 N.America
2018, November, 16, 09:15:00

U.S. WANTS EUROPE

OGJ - “Nord Stream 2 and Turkish Stream are not commercial projects as their proponents proclaim,” Perry said. “They are naked political gambits aimed at driving a wedge between Europeans. They would increase Russia’s leverage over Europe’s foreign policy, and Europe’s vulnerability to a supply disruption.”

 

 N.America
2018, November, 14, 12:00:00

U.S. PRODUCTION: OIL + 113 TBD, GAS + 1,038 MCFD

U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 113,000 b/d month-over-month in December from 7,831 to 7,944 thousand barrels/day , gas production to increase 1,038 million cubic feet/day from 74,041 to 75,079 million cubic feet/day .

 

 N.America
2018, October, 26, 12:35:00

U.S. LNG FOR EUROPE

FT - That the Nord Stream 2 pipeline will increase Europe’s dependence on Russian natural gas is a geographic and arithmetical fact. But buried in the heated rhetoric — now rising to US sanction threats — over how much that matters, is just how inexpensive it would be for Europe to purchase supply diversity with liquefied natural gas from the US.

 

 N.America
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

 

 N.America
2018, October, 17, 09:40:00

U.S. PRODUCTION: OIL + 98 TBD, GAS + 957 MCFD

U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 98,000 b/d month-over-month in November from 7,616 to 7,714 thousand barrels/day , gas production to increase 957 million cubic feet/day from 73,104 to 74,061 million cubic feet/day .

 

 N.America
2018, October, 3, 08:50:00

U.S. GAS EXPORTS UP TWICE

U.S. EIA - From January through June of 2018, net natural gas exports from the United States averaged 0.87 billion cubic feet per day (Bcf/d), more than double the average daily net exports during all of 2017 (0.34 Bcf/d). The United States, which became a net natural gas exporter on an annual basis in 2017 for the first time in almost 60 years, has continued to export more natural gas than it imports for five of the first six months in 2018.

 

 N.America
2018, September, 28, 10:00:00

U.S. - CHINA LNG

PLATTS - A 10% tariff on US liquefied natural gas is not steep enough to make shipping cargoes to China unprofitable, but it adds an obstacle for the second generation of American terminals, industry observers said.

Tags: USA, GAS, PRICE