Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

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gas lines tend to be underground and virtually impervious to hurricanes.

Sep 2, 2017, 12:01 AM

Natural gas distribution utilities say gas lines tend to be underground and virtually impervious to hurricanes. Cheniere also buys all of its natural gas using a number of different pipelines that ship natural gas from both regional sources and those east of the Rocky Mountains. The diversity of supply helps to ensure that it can meet customers' export demands even if there are outages.

"As a result, Cheniere is expected to become one of the largest buyers of natural gas in the U.S. once all of the trains are operational," the company's website said.

The terminal is rated to withstand hurricane force winds up to 150 miles per hour, and 180 mph gusts, and is rated to withstand storm surge.

It added: "We have built a world class operation to advantageously acquire feedstock for the terminal. Our gas procurement business has secured long-term transportation capacity on many pipelines to ensure reliable gas deliverability and diverse access to multiple producing basins. We have also entered into several supply arrangements to purchase natural gas from suppliers at prices discounted to applicable market indices."

http://www.washingtonexaminer.com/trumps-natural-gas-vision-may-prove-impervious-to-harvey/article/2633249

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