What started out as a novel snow day for parts of Texas, replete with Facebook posts full of awestruck kids and incredulous native Texans, quickly escalated to a statewide energy crisis last week. A lot of the state’s electric generation and natural gas production capacity was iced out just when demand was highest, sending gas and electricity prices soaring and leaving millions without power for days. Frigid temperatures like the ones we saw would register as a regular winter storm in northerly parts of the U.S. and in Canada — but in Texas? A disaster. Market analysts, regulators, and observers will be unpacking the events of the past week — and the many implications — for a long time to come. We may never know the full extent of the chaos and finagling that went on among traders and schedulers behind the scenes as they tried to wrangle molecules. However, we can get some insight into the madness using gas flow data to provide a window into how the market responded and, in particular, the effect on LNG export facilities. Today, we examine the impacts of Winter Storm Uri on Gulf Coast and Texas gas movements.
Feed Me – Uri Scrambles Gulf Coast Gas Flows, Briefly Shuts Off Texas LNG Feedgas
