Huge U.S. Winter Storm Threatens To Tighten LNG Market
The gigantic deadly winter storm sweeping through the United...
The gigantic deadly winter storm sweeping through the United States could disrupt global supply from one of the top liquefied natural gas (LNG) exporters, tightening a market that’s seen wild swings in prices this year.
The Arctic blast in the United States cut off the power supply to millions of households and disrupted Christmas travel plans for millions more as thousands of flights were canceled. Just ahead of the Christmas holiday weekend, almost 250 million U.S. and Canadian residents were affected by the storm in one way or another, and at least 19 deaths were connected to the icy blast and the severe winter conditions.
While the Texas power grid managed to avoid catastrophic failures during the storm, shipping agencies warn there could be a disruption of navigation on waterways servicing the biggest LNG export terminal at Sabine Pass.
Washington burglars take out three power substations on Christmas
Burglars in ...
Burglars in Tacoma, Washington, vandalized three power stations on Christmas morning, leaving about 14,000 customers without electricity, according to police. All three burglaries remain under investigation, and suspects have not been apprehended.
When deputies arrived, a statement from the department read, they saw evidence that a fenced area was broken into. While nothing was taken from the substation, police said the equipment was vandalized, causing a power outage in the area.
The website poweroutage.us reported just before 7 p.m. on Sunday that only 2,084 Tacoma Public Utilities customers and 1,365 Puget Sound Energy customers were without power.
🌨️Deadly blizzard, deemed worst in 45 years, paralyzes greater Buffalo, N.Y
Road and utility crews faced the task on Monday of digging out and restoring some normalcy around Buffalo,...
Road and utility crews faced the task on Monday of digging out and restoring some normalcy around Buffalo, New York, where a blizzard considered the area's worst in 45 years buried snow plows, stranded motorists in cars and killed at least 13 people.
The lethal blizzard took form late on Friday and pummeled western New York through the Christmas holiday weekend, capping an Arctic freeze and winter storm front that had extended over most of the United States for days, as far south as the Mexican border.
At least 30 people have died in U.S. weather-related incidents since late last week, according to an NBC News tally, while CNN put the total number of fatalities at 26.
Winter Storm Is Freezing Pipes and Hammering Natural Gas Output
US natural gas production suffered its biggest one-day drop...
US natural gas production suffered its biggest one-day drop in more than a decade on Friday as the massive winter storm battering much of North America froze liquids in pipes and forced wells to shut down.
Supplies across the Lower-48 states shrank by nearly 10 billion cubic feet, or roughly 10%, from the previous day as temperatures across key producing areas including in top supplier Texas fell below freezing, according to BloombergNEF data.
Meanwhile, domestic demand surged to the highest daily level since early 2019. Early pipeline nominations tracked by BNEF indicate that gas supplies may start to rebound Saturday while still trailing normal levels.
From Bloomberg | Oil Passes Natural Gas as Main Fuel for Power Plants in New England
Oil took over from natural gas as the leading...
Oil took over from natural gas as the leading fuel for power plants in New England, a significant switch that signals how the grid is desperately trying to keep the lights on in the face of a winter massive storm.
The six-state grid relied on oil for at least a third of its power generation and for as much as 40% at times on Saturday, ISO New England data show. Natural gas provided as little as 15% by mid-afternoon.
The region typically only uses oil to meet demand on the hottest and coldest days of the year as backup. Heading into the peak evening hours, New England issued a series of grid alerts warning of a possible shortfall of power reserves and asked market members to voluntarily conserve electricity.
The operator later said it’s trying to buy emergency supplies from market participants or neighboring regions. The situation is so tight that prices jumped to more than the $2,000 a megawatt-hour price cap on Saturday evening.This time last week, spot power was in the $30 range.
