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Hurricane Francine Set for Energy Disruption

WEATHER

Storm Francine has strengthened into a hurricane as it is set to make landfall with the Louisiana coast on Wednesday.

  • Francine could graze Morgan City, with impacts from its winds extending as far east as New Orleans - before pushing into Mississippi.
  • Energy impact: Offshore production impact, Exxon Baton Rouge set to run at 20% (eight refineries in its path), gas export facilities operating at reduced rates.
  • Federal officials said the total amount of shut-in oil represented nearly a quarter of current crude production in the Gulf of Mexico.
  • Francine is expected to bypass LNG facilities clustered around the Texas-Louisiana border, including Cheniere Energy Sabine Pass terminal. They will be impacted by precautionary ramp-downs, however.
  • Gas supply to US LNG export plants was down 3.2% Tuesday from a day earlier.
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