the natural gas storage report from the EIA for the week ending December 4th indicated that the quantity of natural gas held in underground storage in the US decreased by 91 billion cubic feet to 3,848 billion cubic feet by the end of the week, which left our gas supplies 309 billion cubic feet, or 8.7% higher than the 3,539 billion cubic feet that were in storage on December 4th of last year, and 260 billion cubic feet, or 7.2% above the five-year average of 3,588 billion cubic feet of natural gas that have been in storage as of the 4th of December in recent years..the 91 billion cubic feet that were drawn out of US natural gas storage this week was higher than the average forecast from an S&P Global Platts survey of analysts who expected a 78 billion cubic foot withdrawal, and was also much higher than the average withdrawal of 61 billion cubic feet of natural gas that are typically pulled out of natural gas storage during the same week over the past 5 years, and the 57 billion cub
Credit: NorthEndWaterfront.com via Creative Commons CC BY-NC 2.0
LNG terminal on Boston waterfront
Environmentalists were dismayed by the Delaware River Basin Commission’s approval on Wednesday of a plan to build New Jersey’s first liquefied natural gas export terminal but they say the fight isn’t over yet.
Opponents are now vowing to appeal the vote in federal court while asking state and federal agencies to take another look at some permits that have already been issued and hoping that other still-needed permits won’t be granted.
But absent a court injunction soon, it’s not clear whether environmental groups will be able to stop the start of construction of a dock at Gibbstown in Gloucester County, where LNG from Pennsylvania would be loaded on to ocean-going tankers.