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Released September 05, 2023 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
U.S. LNG Exports Slip in August - U.S. exports of liquefied natural gas (LNG) fell in August as some processing plants reduced output and a heat wave increased gas demand for power, leaving less gas available for LNG production, according to vessel monitoring data and analysts. Gas supply to the seven largest U.S. LNG export plants fell to an average of 12.3 billion cubic feet per day (Bcf/d) in August from 12.7 Bcf/d in July. That compares with a monthly record of 14.0 Bcf/d in April. A total of 102 cargoes departed from U.S. ports last month, carrying 7.32 million tons of LNG, slightly below the 7.51 million tons shipped the previous month, according to preliminary data from LSEG Eikon. (Reuters)
PRODUCTION
U.S. Drillers Cut Rigs for Eighth Week - U.S. energy firms last week cut the number of active oil and natural gas rigs for an eighth week in a row, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by one to 631 in the week ending September 11, its lowest since February 2022. U.S. oil rigs were unchanged at 512 last week, holding at their lowest since February 2022, while gas rigs fell one to 114, their lowest since January 2022. (Reuters)
TERMINALS
California's Aliso Canyon to Store More Gas to Avoid Winter Price Spikes - California's utilities regulator on Thursday raised the inventory level of the Aliso Canyon natural gas storage terminal in Greater Los Angeles to prevent price spikes seen last winter, while seeking to wean the state off the facility. The California Public Utilities Commission allowed Southern California Gas Company (Los Angeles) to store up to 68.6 billion cubic feet (Bcf) of natural gas at Aliso Canyon, raising the maximum level from 41.16 Bcf to the safety limit. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Plant Database can click here for the plant profile. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
LNG
U.S. LNG Exports Slip in August - U.S. exports of liquefied natural gas (LNG) fell in August as some processing plants reduced output and a heat wave increased gas demand for power, leaving less gas available for LNG production, according to vessel monitoring data and analysts. Gas supply to the seven largest U.S. LNG export plants fell to an average of 12.3 billion cubic feet per day (Bcf/d) in August from 12.7 Bcf/d in July. That compares with a monthly record of 14.0 Bcf/d in April. A total of 102 cargoes departed from U.S. ports last month, carrying 7.32 million tons of LNG, slightly below the 7.51 million tons shipped the previous month, according to preliminary data from LSEG Eikon. (Reuters)
PRODUCTION
U.S. Drillers Cut Rigs for Eighth Week - U.S. energy firms last week cut the number of active oil and natural gas rigs for an eighth week in a row, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by one to 631 in the week ending September 11, its lowest since February 2022. U.S. oil rigs were unchanged at 512 last week, holding at their lowest since February 2022, while gas rigs fell one to 114, their lowest since January 2022. (Reuters)
TERMINALS
California's Aliso Canyon to Store More Gas to Avoid Winter Price Spikes - California's utilities regulator on Thursday raised the inventory level of the Aliso Canyon natural gas storage terminal in Greater Los Angeles to prevent price spikes seen last winter, while seeking to wean the state off the facility. The California Public Utilities Commission allowed Southern California Gas Company (Los Angeles) to store up to 68.6 billion cubic feet (Bcf) of natural gas at Aliso Canyon, raising the maximum level from 41.16 Bcf to the safety limit. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Plant Database can click here for the plant profile. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
