Hurricane Florence is likely to disrupt national gas production, delay pipeline construction and reduce refined product supply to the Northeast.
The category 4 hurricane, which is expected to make landfall late Thursday (September 13), will bring strong winds, heavy rains and flooding to the US East Coast.
According to S&P Global Platts, the eye of the storm is likely to pass through the North Carolina coast early Friday morning with wind speeds of more than 110 MPH. Its four to five day track extends as far south as Georgia and to near the northern tip of Virginia.
Coastal inland flooding is expected following up to 15 inches of rainfall.
Platts says that in terms of oil trade flows, small volumes of petrol blendstocks, diesel and asphalt are imported into North and South Carolina, which could be affected by the storm.
However, no offshore or onshore oil production facilities or oil refineries are currently in the path of the storm. Operators of the Colonial Pipeline and Plantation Pipeline, which the Northeast is heavily dependent on for refined products supplies, are closely monitoring the storm.
Wilmington and Charleston ports are also preparing for the storm, with condition Zulu expected later today.
The storm could also disrupt operations at the two LNG export terminals on the East Coast and Dominion Energy, which owns the Cove Point in Maryland, terminal has activated its severe weather preparation and response plan.