10222017Sun
Last updateThu, 19 Oct 2017 5pm

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DOE Report Shows Power Grid Relying More on Natural Gas

Energy Secretary Rick Perry directed his staff to develop a report including an assessment of the reliability and resilience of the electric grid and an overview of the evolution of electricity markets. The study contains a comprehensive analysis and series of recommendations from the Department of Energy (DOE) staff meant to inform and guide policy makers, regulators and the general public.

According to the report, natural gas has overtaken coal for the first time and now accounts for 34% of the nation's electricity.

“In the DOE's report, Secretary of Energy Rick Perry said the continued closure of traditional baseload power plants calls for a comprehensive strategy to provide long-term reliability and resilience on the grid,” the San Antonio Business Journal reports


FERC Approves $2 Billion U.S.-to-Canada Pipeline

“The Federal Energy Regulatory Commission has given the go-ahead for construction of the controversial $2 billion, 257-mile NEXUS Gas Transmission pipeline project that will go through northwest Ohio,” The Toledo Blade reports.

“The $2 billion project is designed to carry 1.5 billion cubic feet of gas per day from the Utica and Marcellus shale fields in Appalachia across northern Ohio and into Michigan and Ontario, Canada was given certificates of approval Friday.” 

Hurricane Harvey Puts 22% of Gulf Oil Output Offline

From operator reports, it is estimated that approximately 21.64% of the current oil production of 1,750,000 barrels of oil per day in the Gulf of Mexico is offline, which equates to 378,633 barrels of oil per day. The Bureau of Safety and Environmental Enforcement (BSEE) also estimated that approximately 25.71% of the natural gas production of 3,220 million cubic feet per day, or 827.89 million cubic feet per day in the Gulf of Mexico is offline.   

Group Asking Feds to Halt LNG Exports

The Industrial Energy Consumers of America recently sent a letter to the Secretary of Energy on two LNG export demand scenarios. They argue that the Obama Administration’s “public interest” LNG export studies, which are still being used to justify LNG export approvals to non-free trade agreement (NFTA) countries, did not consider the “cumulative” export volume to FTA and NFTA countries and how it could contribute to consumption of vast amounts of U.S. natural resources nor its economic impact. Demand scenarios demonstrate that 58-71% of all U.S. natural gas resources could be consumed by 2050. 

Chemical Activity Barometer Shows Modest Slowing

The Chemical Activity Barometer (CAB) from the American Chemistry Council remained unchanged from July, continuing a modest deceleration of growth. The flat reading follows a 0.1% increase in July and a flat reading in June. Compared to a year earlier, the CAB is up 3.2% year-over-year, an easing from recent year-over-year gains. All data is measured on a three-month moving average.

On a year-over-year basis, the unadjusted CAB is up 3.0%, also an easing from the previous six months. In August, three of the four broad categories improved, as did the diffusion index (number of positive contributors relative to total indicators monitored), which rose to 82% from 71% in July. 

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