Demand Drives U.S. Natural Gas Plant 4Q Maintenance

September 12, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. natural gas output is soaring, with inventories 11% lower than their five-year norm, according to the U.S. Energy Information Administration (EIA). But a dip in the near-term domestic demand forecast--partly driven by an outage at the Freeport LNG export complex in Texas, which is expected to last into November--is keeping U.S. natural gas prices at a lower level than the rest of the world.

Industrial Info is tracking more than 120 maintenance-related projects at U.S. gas-fired power plants, valued at more than $570 million in total, that are set to kick off in the fourth quarter. Although it only has two maintenance projects set to kick off before the end of the year, Oglethorpe Power Corporation accounts for the single highest-valued project; Dominion Energy Incorporated (NYSE:D) only has a single project, but it is one of the highest-valued.

Other companies featured: Berkshire Hathaway Incorporated (NYSE:BRK.A), Occidental Petroleum (NYSE:OXY)