At this stage, it’s still difficult to predict how much damage Hurricane Gustav may inflict on natural gas infrastructure on- and offshore along the Gulf of Mexico. However, the increase in gas production onshore in the past few months has led to a “sudden loosening of the supply and demand balance,” which was evident in storage data issued by the Energy Information Administration, Lehman Brothers analysts said in a recent report.
Gustav
Articles from Gustav
Lower Gas Prices Boost Gas-Fired Generators, Petrochemicals
Declining U.S. natural gas prices have a champion in the petrochemical and fertilizer industries, and if prices remain low — an unknown as Hurricane Gustav bears down — U.S. industrial production (IP) dependent on gas could increase within some sectors, and provide a boost to gas-fired generators, according to energy analysts.
September 1, 2008
Transportation Notes
Due to Tropical Storm Gustav, Destin Pipeline said effective with the start of Saturday’s gas day it will be unable to provide transportation services from offshore receipt points. This will be a force majeure event, Destin said, adding that its onshore receipt and delivery points will remain in operation.
August 29, 2008
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