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Released November 23, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
NATURAL GAS
U.S. Gas Futures Drop to Near 11-Week Low - U.S. natural gas futures dropped more than 5% to a near 11-week low on Monday on forecasts for milder-than-normal weather and lower demand over the next two weeks than previously expected. Traders said prices also slumped on near-record U.S. output, healthy U.S. stockpiles and a decline in European gas futures. Front-month gas futures fell 27.6 cents, or 5.4%, to settle at $4.789 per million British thermal units, their lowest close since September 7.
LNG
Woodside, BP Greenlight Scarborough LNG Project - Woodside Petroleum (Perth, Australia) and BHP Group (Melbourne, Australia) gave their final go-aheads to develop the Scarborough gas field off Western Australia and expand the Pluto liquefied natural gas (LNG) plant, with the first cargo expected in 2026. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here the Pluto expansion project report.
PIPELINES
Enbridge Says Pipeline in Flood-Hit Canada Transporting Natural Gas Above Year-Ago Level - Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) said Monday it was now transporting more natural gas on its Westcoast natural gas pipeline than at this time in 2020, less than a week after it shut a segment of the pipeline system due to heavy flooding in the British Columbia province. The pipeline was transporting 1.63 billion cubic feet per day of natural gas as of Monday, above the 100% of total contracted volume transported last year at this time, Enbridge said in a statement.
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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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
NATURAL GAS
U.S. Gas Futures Drop to Near 11-Week Low - U.S. natural gas futures dropped more than 5% to a near 11-week low on Monday on forecasts for milder-than-normal weather and lower demand over the next two weeks than previously expected. Traders said prices also slumped on near-record U.S. output, healthy U.S. stockpiles and a decline in European gas futures. Front-month gas futures fell 27.6 cents, or 5.4%, to settle at $4.789 per million British thermal units, their lowest close since September 7.
LNG
Woodside, BP Greenlight Scarborough LNG Project - Woodside Petroleum (Perth, Australia) and BHP Group (Melbourne, Australia) gave their final go-aheads to develop the Scarborough gas field off Western Australia and expand the Pluto liquefied natural gas (LNG) plant, with the first cargo expected in 2026. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here the Pluto expansion project report.
PIPELINES
Enbridge Says Pipeline in Flood-Hit Canada Transporting Natural Gas Above Year-Ago Level - Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) said Monday it was now transporting more natural gas on its Westcoast natural gas pipeline than at this time in 2020, less than a week after it shut a segment of the pipeline system due to heavy flooding in the British Columbia province. The pipeline was transporting 1.63 billion cubic feet per day of natural gas as of Monday, above the 100% of total contracted volume transported last year at this time, Enbridge said in a statement.
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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
