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Natural Gas News - November 30, 2017

Natural Gas News - November 30, 2017

Georgia to Build Natural Gas Storage, Coal-Fired Power Plant

Reuters reported: TBILISI, Nov 29 (Reuters) - Georgia plans to build its first underground natural gas storage facility and construct a coal-fired power plant as part of moves to develop its energy sector. Georgia’s state Oil and Gas Corporation (GOGC) has obtained the right to build the gas storage facility on a capped oil field in the capital Tbilisi and has finished the feasibility study, GOGC’s general director told Reuters. “Several companies have expressed their interest to participate in the tender for the construction,” David Tvalabeishvili said. “We expect that the winner will be named by May 2018.” He said that once construction had been completed around the turn of 2021-2022, it would be possible to store 250-280 million cubic meters of natural gas, or about 15 percent of the country’s current total annual consumption. The project is estimated to cost $250-$300 million. “We are holding talks with international financial institutions in order to get credits for the construction,” Tvalabeishvili said. For more visit or click

NIPSCO Paying $900K Fine Over Gas Pipeline Safety Violations

US News reported: MERRILLVILLE, Ind. (AP) — Northern Indiana Public Service Co. is paying a $900,000 fine after state regulators found that the utility failed to keep accurate maps and records of its underground natural gas lines. The settlement approved Wednesday by the Indiana Utility Regulatory Commission instructs the company to improve its pipeline safety management system. The (Northwest Indiana) Times reports the agency had issued violation notices to NIPSCO last year alleging 230 violations involving the timeliness of location services and 31 errors in locating underground lines stemming from inaccurate or inaccessible company pipeline maps and records. The utility commission says NIPSCO "lacked a sense of urgency" to maintain updated pipeline records. The Merrillville-based utility provides natural gas to 810,000 customers across the northern one-third of Indiana. For more visit or click

This article is part of Nat Gas NGN Archive

Daily Commodity Report

NO.2 DSL$1.8694▼0.0192
NAT. GAS$3.10▲0.120
CBOT ETHANOL$1.2751▼0.0003
UPDATED01/24/19 - 8:57 a.m.

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