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Oil, Gas, And Fracking News Reads: 20December 2020

The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic feet of natural gas that have been in storage as of the 11th of December in recent years..the 122 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast from an S&P Global Platts survey of analysts who had expected a 127 billion cubic foot withdrawal, but was higher than the average withdrawal of 105 billion cubic feet of natural gas that have typically been pulled out of natural gas storage during the same week over the past 5 years, and the

Virginia Natural Gas planning $205 million pipeline project in rural crescent | News

Virginia Natural Gas is back with plans for a $205 million natural gas expansion project that would add about six miles of new natural gas pipeline and a compressor station in Prince William County’s “rural crescent,” four miles of pipeline in Fauquier County and upgrades to a metering station in Hanover County.  The  application for the project comes only weeks after a much larger Virginia Natural Gas expansion project, known as the Header Improvement Project,  was dismissed by the State Corporation Commission when plans for a new power plant in Charles City County, which the pipeline project would have serviced, failed to materialize.

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