BLBG: Natural Gas Shipments Fall as Deliveries to Florida Decline
Scheduled natural gas deliveries to U.S. electricity generators dropped as shipments to Florida declined.
A sample of scheduled deliveries to power plants in the U.S. and Canada shows shipments fell 6.7 percent to 20 million dekatherms (19.5 billion cubic feet) from 21.5 million yesterday, according to data compiled by Bloomberg. Schedules for 689 of 742 pipelines had been reported as of 8:55 a.m.
Scheduled shipments to power generators in Florida dropped 1.2 percent to 3.3 million dekatherms, with all 80 pipelines in the region having reported deliveries.
Temperatures in Florida will be in a normal range through July 30, according to Commodity Weather Group LLC in Bethesda, Maryland.
Power plants use about 30 percent of the nation’s gas supplies, according to the Energy Department.
Wholesale gas for next-day delivery at Florida Gas Transmission Zone 3 gained 3.06 cents, or 0.7 percent, to $4.4942 per million British thermal units yesterday on the Intercontinental Exchange.
Gas at the Henry Hub in Erath, Louisiana, the delivery point for futures traded on the New York Mercantile Exchange, slid 1.21 cents, or 0.3 percent, to $4.449 per million Btu.
To contact the reporter on this story: Moming Zhou in New York at Mzhou29@bloomberg.net;
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net.
