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Factbox: Key infrastructure in US set to reopen as Barry weakens

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Factbox: Key infrastructure in US set to reopen as Barry weakens

Washington — Hurricane Barry weakened to a tropical depression as it moved further inland Sunday.

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The Port of New Orleans, which had been shut since Friday, was partially reopened Sunday, with full cargo operations expected to resume Monday.

Approximately 150,000 electricity customers in South, Southwestern and Southeastern Louisiana were without power at 7 am CDT Sunday morning, caused mostly by downed trees from gusting winds.

TRADE FLOWS

**The US Coast Guard opened the lower Mississippi River to all traffic, with some restrictions.

**The Port of New Orleans said Sunday it expects normal weekday cargo operations to resume Monday.

**Along the more western Gulf Coast export facilities shipping restrictions were lifted and operations returned to normal as the USCG rescinded Port Condition Whiskey in effect at the ports of Houston, Galveston, Freeport and Texas City.

PRICES

**NYMEX August RBOB settled 1.25 cents lower Friday at $1.9770/gal, while August ULSD finished 15 points higher at $1.9801/gal.

**In the spot market, USGC RBOB at 7.8 RVP traded at NYMEX RBOB plus 3.5 cents/gal on Friday morning, up from plus 2.25 cents/gal Thursday, a level not seen since early May.

**Day-ahead on-peak location marginal prices Friday for the Midcontinent Independent System Operator's Louisiana Hub settled at $25.51/MWh for power delivered on Saturday, down from last Saturday's $27.31/MWh, despite

MISO's forecast for increased overall power demand for its large footprint - 106.7 GW, versus last Saturday's 100.5 GW.

**Most Southeast locations experienced minimal natural gas price movement at Friday's close, settling within a handful of cents up or down from Thursday's close.

**Henry Hub settled 1 cent higher Friday at $2.485/MMBtu; Florida Gas Zone 3 settled 2.5 cents higher at $2.55/MMBtu; and Texas Gas Zone 1 settled 3.5 cents lower at $2.28/MMBtu.

**Houston Ship Channel settled 4.5 cents lower Friday at $2.39/MMBtu, and Katy Hub settled 3 cents lower at $2.395/MMBtu.

OIL AND GAS INFRASTRUCTURE

**Approximately 73% of oil production, or 1.4 million b/d, has been halted in the Gulf as of Sunday, according to the US Bureau of Safety and Environmental Enforcement.

**About 62%, or 2,780 Bcf/d, of natural gas output has been shut in, BSEE said.

**ExxonMobil said it has begun the process of determining of any of its offshore or onshore facilities have been damaged by the storm.

**ExxonMobil said Sunday that its 502,500 b/d Baton Rouge refinery, chemical plant and Sorrento terminal are "operating as normal."

**Phillips 66 said it is preparing for start-up activities at its 294,700 b/d Alliance refinery to begin on Monday. company's 294,700 b/d Alliance refinery completed a shutdown of ordinary operations ahead of the storm Friday morning.

**Total offshore natural gas production continued to slide in the Gulf Coast, dropping an additional 140 MMcf/d day over day to approximately 1.2 Bcf/d for Sunday's preliminary estimates, S&P Global Platts Analytics said.

**There is still risk of drilling conditions deteriorating for operators in the Greater Haynesville region which could influence possible production declines should severe weather such as flooding or strong winds come into fruition, Platts Analytics said.

LNG INFRASTRUCTURE

**Since falling to 2.9 Bcf/d of feedgas demand on Thursday, marking the lowest levels since Sabine Pass underwent maintenance in mid-April, deliveries to the facility have rebounded to 30-day levels, reaching 3.7 Bcf/d on Saturday.

**No tankers were inside the inlet or waiting outside the inlet to the Hackberry, Louisiana terminal as of Sunday afternoon, Platts' trade flow software tool cFlow showed.

**Further west of the area, in Cameron Parish, tankers had been coming and going from Cheniere Energy's Sabine Pass LNG export terminal, but Sabine Pilots suspended service Sunday due to high winds/seas. Two outbound vessels continued out but no additional traffic was to move in either direction until conditions improve, pilots advised. Production continued at both facilities.

POWER INFRASTRUCTURE

**Approximately 150,000 electricity customers in South, Southwestern and Southeastern Louisiana were without power at 7 am CDT, Sunday morning, caused mostly by downed trees from gusting winds.

**Entergy's Louisiana utilities had mobilized more than 2,900 workers Saturday morning to restore power where it is safe to do so.

**Total Southeast power burn demand gained 0.4 Bcf/d on Saturday, up to 11.6 Bcf/d, subject to revisions. Power burn had fallen by as much as 2.2 Bcf/d down to 11.2 Bcf/d on Saturday from the week high of 13.4 Bcf/d set Wednesday.

**Sample power burn data indicates burn levels in Louisiana have declined approximately 250 MMcf/d from Wednesday's estimates of 1.5 Bcf/d.

METALS INFRASTRUCTURE

**All flood gates along the Mississippi River were set to be opened Sunday afternoon.

**Cargo terminals within the Port of New Orleans and New Orleans Public Belt Railroad were set to resume operations Monday. They have been closed since Thursday.

**The Port of New Orleans is a major steel and nonferrous metals trade hub that also handles other breakbulk cargo, such as rubber, wood, paper, plastics and other commodities.

PETROCHEMICALS INFRASTRUCTURE

**Chemical companies with Louisiana operations in Barry's path were monitoring the storm and preparing their sites for heavy rain, but operations remained normal.

**The storm's approach gave some companies with new plants a chance to implement storm plans that may have been adjusted to account for additional facilities.

-- Staff report, newsdesk@spglobal.com

-- Edited by Jason Lindquist, newsdesk@spglobal.com