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Oil, Gas, And Fracking News Reads: 24January 2021

The natural gas storage report from the EIA for the week ending January 15th indicated that the amount of natural gas held in underground storage in the US fell by 187 billion cubic feet to 3,009 billion cubic feet by the end of the week, which left our gas supplies just 36 billion cubic feet, or 1.2% higher than the 3,045 billion cubic feet that were in storage on January 15th of last year, but still 198 billion cubic feet, or 7.0% above the five-year average of 2,811 billion cubic feet of natural gas that have been in storage as of the 15th of January in recent years..the 187 billion cubic feet that were drawn out of US natural gas storage this week was 10 billion cubic feet more than the average forecast of a 177 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, and way more than the 97 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, as well as more than the average withdrawal of 167 billion cub

Federal energy commission opts not to consider PennEast Pipeline a day before Biden becomes president

Federal energy commission opts not to consider PennEast Pipeline a day before Biden becomes president Updated Jan 19, 2021; Posted Jan 19, 2021 A sign June 29, 2016, on Hewitt Road in Hunterdon County show opposition to the proposed PennEast Pipeline.TT TT Michael Mancuso Facebook Share The Federal Energy Regulatory Commission on Tuesday opted not to consider an amended proposal for a controversial $1 billion natural gas pipeline that would traverse across New Jersey and the Lehigh Valley. In September of last year, the commission issued an environmental assessment of PennEast’s amended proposal to split the project into two phases with new interconnection facilities at Church Road in Bethlehem Township, Pennsylvania.

Navarro Sworn in as 37th Commissioner of the Virginia State Corporation Commission

Navarro Sworn in as 37th Commissioner of the Virginia State Corporation Commission January 8, 2021 Angela L. Navarro was sworn in January 5, 2021, as the 37th commissioner of the Virginia State Corporation Commission (SCC). Navarro was appointed by Governor Ralph S. Northam to complete the unexpired term of Mark C. Christie, who became a member of the Federal Energy Regulatory Commission on January 4, 2021. Prior to being appointed to the commission, Navarro served as deputy secretary of Commerce and Trade under Governor Northam, where she worked on housing, small business, economic development and energy policies. She has also served as deputy secretary of Natural Resources for Governor Northam and Governor Terry McAuliffe. In that role, she advised each administration on land conservation, energy and environmental policies.

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