{"id":84182,"date":"2023-11-13T22:49:48","date_gmt":"2023-11-14T03:49:48","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/us-needs-more-pipeline-capacity-for-reliable-gas-supply-trade-group\/"},"modified":"2023-11-13T22:49:51","modified_gmt":"2023-11-14T03:49:51","slug":"us-needs-more-pipeline-capacity-for-reliable-gas-supply-trade-group","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84182","title":{"rendered":"US needs more pipeline capacity for reliable gas supply -trade group"},"content":{"rendered":"<div>\n<p>(Reuters) &#8211; The U.S. needs more  pipeline capacity to maintain reliable gas supply during extreme cold weather, a trade group representing pipeline companies said on Monday in support of regulators who last week urged sought new rules to prevent a repetition of last winter&#8217;s power outages.<\/p>\n<p>The Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corp (NERC) urged lawmakers to fill a regulatory blind spot to maintain reliable supply of natural gas that was highlighted by an inquiry into power outages during Winter Storm Elliott in December 2022.<\/p>\n<p>Elliott delivered sub-freezing temperatures and extreme weather warnings to almost two-thirds of the U.S., resulting in unforeseen energy generation supply losses.<\/p>\n<p>Speaking for operators of around 200,000 miles (322,000 km) of pipelines, the Interstate Natural Gas Association of America (INGAA) said the regulators&#8217; report confirmed that its members &#8220;used all possible flexibility and storage withdrawals to deliver as much natural gas through the system as possible.&#8221; <\/p>\n<p>Declining production reduced flows of gas into pipelines during Elliott, while demand for the fuel for heating and power generation increased, dramatically lowering line pressures.<\/p>\n<p>Falling pressure levels put the pipeline system at risk of collapse, the INGAA said, forcing operators to implement scheduling restrictions and reduce previously confirmed nominations for transporting the fuel.<\/p>\n<p>The report had found that in New York City, Consolidated Edison (NYSE:) declared an emergency because it faced a system collapse that would have taken &#8220;many months&#8221; to restore service in the middle of the winter.<\/p>\n<p>&#8220;The United States needs more natural gas pipeline capacity to maintain a resilient system that affords homes and the power grid access to multiple sources of this critical fuel,&#8221; the INGAA said. <\/p>\n<p>In its 2023-24 winter outlook, the NERC said last week that prolonged, wide-area cold snaps threaten the availability of fuel supplies for natural gas-fired generation, warning there is not enough natural gas pipeline and infrastructure for the U.S. Midwest, Mid-Atlantic, and Northeast regions. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/commodities-news\/us-needs-more-pipeline-capacity-for-reliable-gas-supply-trade-group-3233040\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; The U.S. needs more pipeline capacity to maintain reliable gas supply during extreme cold weather, a trade group representing pipeline companies said on Monday in support of regulators who last week urged sought new rules to prevent a repetition of last winter&#8217;s power outages. The Federal Energy Regulatory Commission (FERC) and the North [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-84182","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US needs more pipeline capacity for reliable gas supply -trade group | iFintechWorld<\/title>\n<meta name=\"description\" content=\"(Reuters) - The U.S. needs more pipeline capacity to maintain reliable gas supply during extreme cold weather, a trade group representing pipeline\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=84182\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US needs more pipeline capacity for reliable gas supply -trade group | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"(Reuters) - 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