U.S. Propane Inventory Build Fails to Meet Expectations

The EIA reported that total U.S. propane/propylene inventories increased by only 512 Mbbl in the week ended September 1, which was well below average industry expectations for a 2.2-MMbbl gain and the 2.3 MMbbl average build for the week. Total U.S.

Enbridge Strikes Deal to Become The Largest Gas Utility in North America

Enbridge Inc. has entered into an agreement to purchase three Dominion Inc. owned natural gas utilities. The three assets were sold to Enbridge for an aggregate purchase price of ~$9.4 billion, $4.6 billion of which was raised by issuance of both debt and equity.

Western Midstream Acquiring Meritage Midstream

An operating subsidiary of Western Midstream Partners (WES) has agreed to acquire privately held, Denver based, Meritage Midstream Services II LLC in an $885 MM, all-cash deal that will expand WES’s existing Powder River basin footprint and increase natural gas processing capacity to 440 MMcf/d.

Offtake Capacity at Woodfibre LNG Now Fully Committed

On September 5, Woodfibre LNG, a liquefaction project in development on the British Columbia (BC) coastline in Squamish, announced that it had entered into a Sales and Purchase Agreement (SPA) with BP Gas Marketing Limited, an indirect subsidiary of BP PLC, for an additional 0.45 million tonnes p

USGC Terminals Loaded 3.7 MMB/D in August

Recent data from the Crude Voyager report shows that U.S. Gulf Coast export terminals loaded 3.7 MMb/d in August — the fourth-highest monthly volume since the ban on most U.S. crude oil exports was lifted in December 2015.

LNG Canada Partners’ July Gas Production Recovery Led Solely by Petronas

RBN estimates that combined natural gas production of the equity partners in LNG Canada rose 0.12 Bcf/d in July 2023 to 1.67 Bcf/d, less than 0.1 Bcf/d below record production reached in April 2023 (combined height of the colored bars in top chart below).

U.S. LNG Feedgas Set to Rise

Overall feedgas last week averaged 12.24 Bcf/d, up 1.1 Bcf/d week-on-week. Flows to nearly every terminal increased week-on-week as the seasonal lull in feedgas demand comes to an end. Summer is typically when feedgas demand for LNG drops to its lowest level of the year.

U.S. Propane Production Soars to Another Record High

U.S. propane production rocketed to an all-time high for the second month in a row. As shown on the left-hand chart below, monthly U.S.

CPUC Approves ~27 Bcf Increase in Aliso Canyon's Natural Gas Storage Capacity

The California Public Utilities Commission (CPUC) on August 31 voted unanimously to approve an increase in the maximum natural gas storage capacity at SoCal Gas’s Aliso Canyon facility in Los Angeles County to 68.6 Bcf, from the previous cap of 41 Bcf, in an effort to alleviate price spikes and b

When the Wind Blows

It’s been tough going for wind recently - there have been a number of headlines hilighting the difficulties with wind power projects. Below we show several of them in the order when the aricles were published:

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