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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

Proposals to prohibit natural gas bans may threaten cities clean energy goals

In Kansas and Missouri, critics say the “energy choice” legislation is in direct conflict with cities’ commitments to transition from fossil fuels.  Kansas and Missouri may become the next states to block cities from banning natural gas, with hearings on legislation in both states expected soon. Although natural gas bans at this point are more of a coastal phenomenon, many Midwestern cities have adopted climate goals that will be difficult to achieve with continued reliance on natural gas. More than two dozen Missouri cities, including Kansas City and St. Louis, have established clean energy goals, along with Lawrence, Kansas. A coalition of Kansas City suburbs recently adopted a climate plan committing to providing city services using only clean energy by 2030, and for all community energy use to be sourced from renewables by 2035.

Natural gas prices in December fall for Dominion Energy Ohio customers

Dominion Energy Ohio s natural gas price in December dropped from November but remain higher than a year ago. Dominion said the December rate for the Standard Choice Offer and Standard Service Offer is $3.046 per thousand cubic feet, also known as Mcf. That s down 10 cents, or 3.2%, from $3.146 Mcf in November but up 35.6 cents, or 13.2%, from $2.69 Mcf in December 2019. Dominion said average December residential bills for Standard Choice Offer/Standard Service Offer customers will be $84.45, up $2.89, or 3.5 percent, from a year ago, when average bills were $81.56.   In addition to the cost of natural gas, Dominion Ohio residential average monthly bills include a total monthly charge of $31.11 made up of:

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