TODAY'S NEWS - Bloomberg.com TOTAL GWH TOTAL CHG COAL 2,617 +232 GAS 1,622 +216 HYDRO 261 +60...
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Tuesday July 12, 2016 www.bloombergbriefs.com Loneliest LNG Terminal in U.S. Bucks Pipeline Trend BY NAUREEN S. MALIK, BLOOMBERG NEWS Engie SA’s LNG import facility near Boston, unlike all its peers, has a new lease on life. It continues to import natural gas even with the U.S. drilling boom because of opposition to construction of a pipleline. Any proposed route triggers local objections: it will leave a scar along the Catskill Mountains, pose a safety risk to residential neighborhoods or encourage a longer-term commitment to fossil fuels. “We’ve been competing with pipelines since we opened,” Carol Churchill, a spokeswoman for the French utility in Massachusetts, said by phone. Once the gas arrives in Boston, some of it goes straight to an adjacent . power station Exelon Corp and the rest is transported via existing pipes or by truck. “It doesn’t make sense to build a pipeline to satisfy demand for 30 to 40 days a year,” Churchill says. To pipeline-builders, that’s a stopgap not a solution. They point out that New England, like other parts of the U.S., has a growing appetite for natural gas in homes and power plants, as dirtier fossil fuels like coal and oil are phased out. Gas-fired plants are supplying more than half of the region’s power this month, up from 15 percent in 2000. Read the rest of this story on the web . here KEY INDICATORS TYPE TOTAL GWH TOTAL CHG COAL 2,617 +232 GAS 1,622 +216 HYDRO 261 +60 NUCLEAR 1,538 +1 OIL 11 -0 WIND 59 +22 Source: Genscape as of 7 a.m. ET Generation by fuel type for last 24 hours. ON THE RECORD "Demand is driving the strength right now. It’s super hot in the western portion of PJM.” — Anne Williams, a Genscape power analyst, said of in regions such as heat Chicago and Cincinnati GENERATION MONITOR $2.36 Updated 2016 natural gas price forecast from the EIA's Short-Term Energy Outlook, up from a previous $2.22 MMBtu. INSIDE DEADLINE. FERC sets due August date for its environmental assessment for some natural gas pipeline projects. U.S. regulator that FINES. finds BP manipulated commodity markets Plc in Texas. SABINE PASS. Vessels are allowed to transit channel after a sunken shrimp boat was cleared. PRICES. Daily prices, spot power and forward markets. gas TODAY'S NEWS Most Expensive Gas in the World Depends on the Season
Transcript of TODAY'S NEWS - Bloomberg.com TOTAL GWH TOTAL CHG COAL 2,617 +232 GAS 1,622 +216 HYDRO 261 +60...
Tuesday
July 12, 2016
www.bloombergbriefs.com
Loneliest LNG Terminal in U.S. Bucks Pipeline TrendBY NAUREEN S. MALIK, BLOOMBERG NEWS
Engie SA’s LNG import facility near Boston, unlike all its peers, has a new lease on life. It continues to import natural gas even with the U.S. drilling boom because of opposition to construction of a pipleline.
Any proposed route triggers local objections: it will leave a scar along the Catskill Mountains, pose a safety risk to residential neighborhoods or encourage a longer-term commitment to fossil fuels.
“We’ve been competing with pipelines since we opened,” Carol Churchill, a spokeswoman for the French utility in Massachusetts, said by phone. Once the gas arrives in Boston, some of it goes straight to an adjacent . power station Exelon Corpand the rest is transported via existing pipes or by truck. “It doesn’t make sense to build a pipeline to satisfy demand for 30 to 40 days a year,” Churchill says.
To pipeline-builders, that’s a stopgap not a solution. They point out that New England, like other parts of the U.S., has a growing appetite for natural gas in homes and power plants, as dirtier fossil fuels like coal and oil are phased out. Gas-fired plants are supplying more than half of the region’s power this month, up from 15 percent in 2000.
Read the rest of this story on the web .here
KEY INDICATORS
TYPE TOTAL GWH TOTAL CHG
COAL 2,617 +232
GAS 1,622 +216
HYDRO 261 +60
NUCLEAR 1,538 +1
OIL 11 -0
WIND 59 +22Source: Genscape as of 7 a.m. ET
Generation by fuel type for last 24 hours.
ON THE RECORD
"Demand is driving the strength right now. It’s super hot in the western portion of PJM.”
— Anne Williams, a Genscape power
analyst, said of in regions such as heat
Chicago and Cincinnati
GENERATION MONITOR
$2.36Updated 2016 natural gas price forecast from the EIA's Short-Term Energy Outlook, up from a previous $2.22 MMBtu.
INSIDE
DEADLINE. FERC sets due Augustdate for its environmental assessment for some natural gas pipeline projects.
U.S. regulator that FINES. finds BP manipulated commodity markets Plc
in Texas.
SABINE PASS. Vessels are allowedto transit channel after a sunken shrimp boat was cleared.
PRICES. Daily prices, spot powerand forward markets.gas
TODAY'S NEWS
Most Expensive Gas in the World Depends on the Season
July 12, 2016 Bloomberg Brief Power & Gas 2
TODAY'S NEWSGas
Futures for August delivery rose 3.2 cents to settle at $2.734 MMBtu on Nymex on forecasts for warmer weather across the contiguous U.S. “There may not be any dramatic rallies until you get something a bit more warm, but this should be enough to put a bid in the market,” said , director of the futures division at Bob Yawger Mizuho
.Securities USA Inc
— Ryan Collins, Bloomberg News
FERC has set Aug. 8 as its due date for its environmental assessment for 's SpectraAccess South, Adair Southwest, and the Lebanon Extension natural gas pipeline projects, a notice from the agency shows. The project proposes to transport an additional 622k Dth/d of natural gas on Texas Eastern’s mainline system from Uniontown, Pennsylvania, through Ohio, Kentucky and Mississippi. Spectra said it expects U.S. approval for the projects in the second half of 2016 and a start of service in the second half of 2017, according to the project's website.
— Jonathan N. Crawford, Bloomberg News
All vessels are now allowed to transit the ship channel that serves ’s Cheniere EnergySabine Pass terminal, U.S. Coast Guard spokesman Dustin Williams said, after a shrimp boat that sank on Monday was moved out of the channel. As a precaution, only one ship at a time can transit the channel.
— Harry R. Weber, Bloomberg News
Columbia Gas Transmission lifted its on Line 1983. The line is force majeurereturning to normal operating conditions after an investigation, the company said in a website notice. Pressure was reduced on the line between the West Virginia/Pennsylvania border and the Waynesburg compressor station in Pennsylvania earlier Tuesday due to a pipeline condition discovered during unrelated maintenance.
— Christine Buurma, Bloomberg News
PowerSpot wholesale electricity at ’s bechmark Western hub, including Washington, PJM
climbed $24.59, or 79 percent, to $55.91/MWh in the hour ended at noon Tuesday from the same time Monday, according to grid data compiled by Bloomberg. The north Illinois hub, including Chicago, gained 55 percent to $65.95/MWh. “Demand is driving the strength right now,” said , a Boston-based power analyst for . Anne Williams Genscape“It’s super hot in the western portion of PJM,” such as Chicago and Cincinnati, she said.
— Naureen S. Malik, Bloomberg News
Exelon’s Braidwood 1 Reactor's output was raised to 90 percent on Tuesday. Exelon had reduced power at the plant at 11:00 pm yesterday “in coordination with PJM due to pricing signals and transmission constraints” on the grid, spokesman Paul Dempsey said Tuesday. Braidwood 1's nameplate capacity is 1,225 MW, with a max summer capacity of 1,178 MW, according to EIA data. The plants is about 54 miles southwest of Chicago.
— Naureen S. Malik, Bloomberg News
BP Plc faces more than $20 million in penalties and surrendered profits after a U.S. regulator found that the energy giant manipulated commodity markets in Texas.
FERC said BP rigged prices at a Texas natural gas hub in 2008, according to an order issued Monday, upholding an earlier ruling by the agency’s judge. BP had denied the allegations.
“We find the violation here to have been very serious," the commission said. “BP manipulated the market to profit from a natural disaster, and it did not stop after a trade or two but rather kept the scheme going for nearly three months."
FERC brought charges against BP in August 2013. Traders at BP’s Southeast Gulf Texas desk were accused of a scheme to lower next-day, fixed-price gas prices at the Houston Ship Channel hub from Sept. 18 through Nov. 30, 2008, to boost financial bets.
"BP strongly disagrees with the commission’s decision," Geoff Morrell, a spokesman for the company, said. "BP will seek rehearing before the FERC and ultimately appeal to the Court of Appeals if necessary."
The decision should be reversed because there is "no credible evidence" that market manipulation occurred and the agency lacks jurisdiction over the trades at issue, Morrell said.
— Jonathan Crawford, Bloomberg News
BP Fined for Rigging U.S. Natural Gas Markets
U.S. LNG TANKER TRACKER
July 12, 2016 Bloomberg Brief Power & Gas 3
LNG Facilities
INTERSTATE PIPELINE RECEIPTS (MMCF) TODAY YESTERDAY CHG PRIOR 10D AVG EST. LIQUID IN STORAGE (BCF NG)
Sabine Pass Total 653 661 -8 657 20.4 / 18 (calibration error)
Creole Trail 328 351 -23 348
NGPL 325 310 15 309Note: Pipeline flows are based on reported nominations and are subject to revisions.
See a live version of Sabine Pass pipeline receipts on the Bloomberg terminal . here
LNG Tanker Departures Expected & Actual Since 2/16/16
VESSEL DESTINATION DEPARTED ARRIVED CAPACITY (M3) NOTES
Sabine Pass:
Gaslog Greece 7/16/2016 170520 (e) BB Watch: Off Altamira, MX loaded
Hispania Spirit 7/13/2016 137814 (e) Read news story here
Sestao Knutsen Spain, El Ferrol 6/30/2016 135357 (e) Read news story here
Scf Mitre Indian Ocean 6/22/2016 170569 (e) BB Watch: Indian Ocean Bound
Clean Energy South Atlantic 6/19/2016 146794 (e) BB Watch: Likely Chile.
Maran Gas Apollonia Argentina, Bahia Blanca 6/13/2016 7/2/2016 164000 (e)
Maran Gas Delphi Chile, Quintero 6/9/2016 7/1/2016 159800 (e)
Maran Gas Sparta Argentina, Bahia Blanca 6/1/2016 6/20/2016 155000 (e)
Valencia Knutsen Chile, Quintero 5/25/2016 6/20/2016 170100 (e)
Gaslog Shanghai Chile, Quintero 5/16/2016 6/11/2016 154948 (e)Source: ABB Inc., IHS, Bloomberg. In capacity: (e) indicates estimated from ship capacity, (c) indicates confirmed from DOE.
Major Increases
POWER PLANT TYPE REGIONLOCAL TIME
HOUR ENDINGHR ENDING OUTPUT MW
CHG SAME TIME YESTERDAY
AVG MW LAST 30 DAYS AT SAME HR
MIN MW LAST 30 DAYS AT SAME HR
MAX MW LAST 30 DAYS AT SAME HR
Marshall Coal SERC 7am 1,580 +800 929 550 1,580
Hunterstown Gas RFC 7am 663 +653 632 10 897
Fore River Generating Station
Gas NPCC 7am 680 +630 603 - 680
Labadie Coal SERC 7am 1,433 +623 1,552 695 2,268
Hanging Rock Gas RFC 7am 595 +585 733 6 1,001 Source: Bloomberg, Genscape Note: as of 7 a.m. ET NH GSP <GO>
Major Decreases
POWER PLANT TYPE REGIONLOCAL TIME
HOUR ENDINGHR ENDING OUTPUT MW
CHG SAME TIME YESTERDAY
AVG MW LAST 30 DAYS AT SAME HR
MIN MW LAST 30 DAYS AT SAME HR
MAX MW LAST 30 DAYS AT SAME HR
BPA WindWind/Wind
WECC 4am 2,133 -723 2,005 58 4,304
Grand Coulee Hydro WECC 4am 1,070 -600 2,177 1,070 3,840
Fort Martin Coal RFC 7am 519 -422 789 417 1,128
Marshall Coal SERC 7am 1,163 -417 947 550 1,580
Limestone Coal ERCOT 6am 933 -410 1,278 794 1,700 Source: Bloomberg, Genscape Note: as of 7 a.m. ET NH GSP <GO>
U.S. LNG TANKER TRACKER
GENSCAPE DATA: POWER GENERATION BY FACILITY
WEATHER TRACKER
July 12, 2016 Bloomberg Brief Power & Gas 4
WEATHER TRACKER
GAS AND POWER SPOTS
6-10 DAY OUTLOOK
Source: NOAA, Bloomberg WHUT<GO>
8-14 DAY OUTLOOK
Source: NOAA, Bloomberg WHUT<GO>
Source: Bloomberg Updated 7/12/16WETR<GO>
* degree days are the number of degrees that a day's average temperature is below 65 degrees Fahrenheit. degree days are the Heating Coolingnumber of degrees that a day's average temperature is above 65 degrees Fahrenheit.
July 12, 2016 Bloomberg Brief Power & Gas 5
GAS AND POWER SPOTS
7,000 Heat Rate Spark Spreads
To view on your Bloomberg terminal: SPRK
GAS FORWARDS
Source: Bloomberg Updated 3:30 p.m. ET 7/12/16ISO<GO> BGAS<GO>
July 12, 2016 Bloomberg Brief Power & Gas 6
GAS FORWARDS
POWER FORWARDS
Source: Bloomberg Updated: 3:28 p.m. ET CFVL<GO>
July 12, 2016 Bloomberg Brief Power & Gas 7
Bloomberg Brief: Power & Gas
POWER FORWARDS
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