Cold Sends Texas Natural Gas Supplies Plunging for Second Time This Month
- During early January cold, 1.3 gigawatts of power were lost
- Thursday drop had limited effect on electricity, gas prices
This article is for subscribers only.
Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state.
Output on Thursday was down 6.2%, according to preliminary BloombergNEF data based on pipeline flows. That’s the biggest decline since Jan. 2, when a similar blast of frigid air curbed supplies.