Thursday, August 13, 2009

"Natgas, literally under pressure" from FT Energy Source

"The risk of nat gas storage congestion is very real The US natural gas market faces the risk of severe and unprecedented storage congestion this fall. Producing region inventories currently stand at 1.07 tcf, 43% above last year and just 5 bcf shy of the previous record achieved at the end of November 2007 (Chart 3). Fortunately, storage capacity in the producing region has expanded to 1.27 tcf, but utilization will likely rise to previously untested levels, potentially putting enormous pressure on the pipeline system. The United States is not alone here: Canadian storage is also at risk of being maxed out in a matter of weeks, particularly in the Western region."

(As has been noted here since 6/25.)


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