Two New Gas-Fired Power Plants Planned in North Carolina

Duke Energy submitted new documents to the North Carolina Utilities Commission on Wednesday expressing the desire to build two natural gas-fired power plants in Person County, north of the Raleigh-Durham area.

Refinery Input Continues to Plummet, While Production Ramps Back Up

Most of the production that got knocked offline due to the previous week’s winter storm has come back online, recovering 700 Mb/d of the 1 MMb/d that was lost. However, refinery input continued to fall, losing an additional 430 Mb/d, for a drop of more than 1.8 MMb/d over the past two weeks.

REPEAT- Another Huge Draw for U.S. Propane Inventories

The EIA reported that total U.S. propane/propylene inventories recorded a draw of 5.3 MMbbl for the week ended January 26, which was well above average industry expectations for a draw of 3 MMbbl and the 3.6 MMbbl average decline for the week. Total U.S.

Natural Gas Futures Plummet On Warm Weather and High Storage

The February Nymex natural gas futures contract closed at $2.49/MMBtu, down 13 cents from the January settlement price of $2.62/MMBtu. In the last day of trading: Monday January 29, the February contract slid 22.2 cents as bearish weather forecasts crushed market expectations for mid-winter.

Crude Exports Drop Dramatically From Last Week

Crude oil loadings across the Gulf Coast fell to 3.6 MMb/d from last week’s 4.6 MMb/d. Given the substantial decline, it should be no surprise that almost every port experienced a drop, with many terminals loading no vessels at all. Only Houston managed to stay essentially flat, at 1.1 MMb/d. Th

DOE Puts Pre-FID LNG on Pause

The Biden administration has officially paused the Department of Energy (DOE) review on non-Free Trade Agreement (non-FTA) LNG export licenses in order to update how the DOE considers the impact of new terminals.

Spot LPG VLGC Freight Rates Continue to Weaken; U.S.-Asia Propane Export Arb Narrows

Spot LPG VLGC (Very Large Gas Carrier) freight rates out of the U.S.

Trans Mountain Pipeline Expansion Facing Another Delay of Unknown Duration

On January 29, Trans Mountain Corporation (TMC), the Canadian government-owned entity that is constructing the Trans Mountain Pipeline expansion (TMX), announced that it was facing an additional delay in the completion of TMX.

Permian Gas Production Bounces Back

Dry gas production in the Permian Basin averaged 18 Bcf/d over the past week, representing a full return for producers since the winter storm.

LNG Canada Partners’ December Gas Production Achieves New Record to Close out 2023

RBN estimates that the combined natural gas production of the equity partners in LNG Canada rose 0.09 Bcf/d in December to a record 1.93 Bcf/d (combined height of the rightmost colored bars in top chart below). The new record surpasses the previous record set in October at 1.92 Bcf/d.

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