US gas market responds to hurricane disruptions

Since 2002, storm-related natural gas production shutins in the Gulf of Mexico have had a much greater impact on the US gas market than in previous years. Facilities insurers seem to think this a trend that is here to stay.The combined effects of the 2004 and 2005 hurricane seasons had an impact across all sectors of the US gas industry. Hurricane Ivan, which made landfall in September 2004, caused more long-term gas production interruptions than any previous hurricane, but its impacts were dwarfed by Hurricanes Katrina (landfall Aug. 29, 2005) and Rita (Sept. 24, 2005). The combined effects of Hurricanes Katrina and Rita were by far the most damaging in the history of the US petroleum in...

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