LP Gas, April 2014
Heating degree days and average winter household expenditures for heating fuels heating degree days weather dollars expenditures 4000 4000 3000 3000 2000 2000 1000 1000 0 0 07 08 08 09 09 10 10 11 11 12 12 13 13 14 propane heating oil electricity natural gas U S Energy Information Administration colder warmer extreme weather had the greatest effect on households in the Midwest that primarily use propane and on households in the Northeast that use heating oil EIA says EIAs latest estimate for winter energy expenditures for homes heating with propane in the Midwest is 2212 That figure is 759 higher than what EIA projected in October The estimate for average U S expenditures for homes using heating oil is 2243 which is only 197 higher than what EIA projected in October For a winter wrap up see LP Gas special report inserted into this issue NEWS BRIEFS trade shows in three categories by net square feet of exhibit space by number of exhibiting companies and by total attendance The Southeast show qualified through Trade Show Executives attendance measure According to NPGA show attendance jumped to 1303 attendees last year from 1096 in 2012 The 1303 attendees marked the shows highest attendance since 2010 In addition the show attracted 97 more exhibitors last year than in 2012 including 40 new companies Petrogas Energy Corp acquires West Coast terminal from Chevron Petrogas Energy Corp reached an agreement with Chevron USA Inc to acquire the companys Ferndale Wash storage and distribution facility for bulk shipments of propane butane and isobutane Petrogas did not disclose the transaction price of the deal which was expected to close March 31 According to a Petrogas press release the terminal acquisition provides a strong fit for AltaGas Ltd and Idemitsu Kosan Co Ltd which recently acquired interests in Petrogas The facility provides AltaGas with direct offtake for its production and for Idemitsu to acquire North American LP gas for its sales and distribution infrastructure in Japan as well as its other interests in southeast Asia the press release also noted The terminal has the capability to handle exports and imports of up to 30000 barrels a day of LP gas and has facilities to handle and supply propane to the regional market for U S domestic consumption The terminal has rail truck and pipeline capability and is connected to the two local refineries offering LP gas balancing services Recent market and logistical developments including the planned reversal of the Cochin Pipeline have led many western Canadian producers to seek alternative outlets for their Continued from page 8 Continued from page 9 From the beginning of October to the end of February heating degree days were 13 percent higher than last winter and 10 percent higher than the 10 year average 10 LPGas April 2014 www LPGasmagazine com
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