- U.S. natural gas stocks increased to 3,184 Bcf for the week ended August 21 from 3,169 Bcf, a 15 Bcf build versus the 19 Bcf consensus.
- Natural Gas Futures rose 3.65% to $2.98/MMBtu after the smaller-than-expected storage injection.
- Piedmont Natural Gas reached a South Carolina agreement that lowers pass-through gas costs, supports infrastructure investment and includes a $220,000 contribution to energy assistance; approval is pending and new rates are expected in October.
- Thailand plans to accelerate renewables and adopt nuclear power to reduce imported LNG dependence after the closure of the Strait of Hormuz; natural gas supplies more than 60% of its electricity generation.
Quotes
“This agreement helps us continue providing safe, reliable natural gas service while also making essential system investments and supporting South Carolina's continued growth.”