U.S. natural gas futures slipped on Sept. 16, pressured by a larger-than-expected storage build last week and forecasts for slightly lower demand through next week.
Officials at Berkshire Hathaway Energy on Sept. 15 confirmed the pipeline and compressor station maintenance at its Cove Point LNG export plant in Maryland would start but did not confirm the shutdown of the liquefaction plant.
In addition to being the fastest, lowest cost avenue in slowing down the rate of global warming, there’s also a lot of money to be made by saving the wasted methane emissions from the oil and gas industry.
The Nord Stream 2 pipeline, which would help Moscow to bypass political foe Ukraine in transiting gas to European markets, doubles Russia’s annual gas export capacity.
Front-month natural gas futures rose 29.3 cents, or 5.9%, to settle at $5.231 per MMBtu, their highest close since February 2014.
The order allows six natural gas-fired power plants throughout California to run at maximum output for 60 days, until Nov. 9.
RED President Steve Hendrickson discusses the upstream oil and gas industry’s increased interest in developing helium resources.
The much-politicized Nord Stream 2 pipeline will double Russia’s gas exporting capacity to Europe via the Baltic Sea and will allow Moscow to circumvent its political foe Ukraine.