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The Federal Energy Regulatory Commission has used for the first time emergency powers it has under the Interstate Commerce Act to try to alleviate a shortage of propane in the Midwest and Northeast, including Vermont.
Mollie O’Dell, spokeswoman for the National Propane Gas Association, which asked the Federal Energy Regulatory Commission to issue the emergency order in early February, said the regulatory agency was responding to an unprecedented crisis in propane supply.
“A situation like this has not occurred in the 100-year history of the propane industry,” O’Dell said.
O’Dell cited a combination of factors for the problem, including a major pipeline in the upper Midwest shutting down for most of December, extreme cold, unusually high demand for drying crops in the Midwest last fall, and exports.
I would love to see some honest to goodness and sincere investigation done into just HOW propane rose by 400-500% in costs over just a year's time.
Sail Away – Propane Exports Exceed 400 Mb/d for the First Time
published by Kelly Van Hull on Tue, 01/28/2014 - 20:00
We’ve been talking a lot over the past year about the need for increasing exports to balance the U.S propane market as growth in production from gas processing plants outruns domestic demand. U.S. propane production from gas processing has increased by over 100 Mb/d since January 2013, and there’s lots more to come. For the first time U.S. propane exports exceeded 400 Mb/d in October 2013 thanks to growing U.S supply and infrastructure developments including dock expansions by Enterprise and Targa. But just after exports ramped up, the propane market was hit by a couple of wild cards – a late and very heavy crop drying season and a series of record cold temperature events. In today’s blog, we continue our series covering the record setting 2014 NGL markets.
Before we jump into the export analysis let’s first spend a minute looking at the U.S propane market. Figure #1 below depicts the rapid growth in U.S. propane production from gas processing plants that occurred from January 2013 to October 2013, the latest reported data by the U.S. Energy Information Administration (EIA).
Feb 20 (Reuters) - Veresen Inc said on Thursday that Canada's National Energy Board had approved its request for a license to export natural gas for a U.S. liquefied natural gas project.
The company, which operates pipelines and gas-processing facilities, said the board had approved a license to ship 1.55 billion cubic feet per day of gas to its Jordan Cove LNG project at Coos Bay, Oregon.
While seven proposed LNG projects planned for British Columbia's northern Pacific coast have received LNG-export licenses, Veresen's approval is the first for shipping Canadian gas for a U.S. project.
The gas will be shipped via existing pipelines to the Malin Hub in southern Oregon. From there, a planned 232-mile (370-km) line will take the gas to the Jordan Cove site.
The Jordan Cove project will supply 6 million tonnes of gas per year to Asian markets.
reply to post by olaru12
It's people working it to their advantage, that got us to where we are today. I personally think, passing out of expert licenses, like Halloween candy for driving one's stock prices up, for a few select to gain from, should be illegal.
edit on 21-2-2014 by Destinyone because: (no reason given)