Articles tagged columbia gas

Chesapeake Energy Corp. signaled Tuesday that it would continue to curb natural gas output until prices improve under a plan that was announced earlier this year.

The July natural gas futures contract finished its front-month run with a whimper on Wednesday. Bullish weather forecasts were countered by solid production and uncertainty about LNG export volumes ahead of the next government inventory print.

Weekly natural gas cash prices retreated with demand easing as extreme heat and volatile weather gave way to milder conditions. Futures pared earlier steep losses into the week’s end as supply and demand fundamentals shifted.

Natural gas futures kicked off 2024 trading on Tuesday in rally mode, supported by forecasts for stronger heating demand and steady calls for U.S. LNG, though gains were held in check by stout supply.

To advance North American natural gas pipeline expansions, TC Energy Corp. on Monday agreed to monetize a 40% stake in the Columbia systems via a joint venture (JV) with Global Infrastructure Partners (GIP). 

Natural gas futures faltered on Wednesday, a second-consecutive loss, as analysts anticipated another soft government inventory print and traders started to look past a late-winter surge of cold and toward likely benign spring weather.

TC Energy Corp. is forecasting a roughly 30% year/year increase in capital expenditures (capex) this year, with the lion’s share allocated for natural gas pipeline expansions in the United States, Canada and Mexico.

Natural gas futures resumed a downward spiral on Thursday after a hefty but disappointing storage withdrawal failed to impress markets, leaving traders to focus on forecasts for mild weather and diminished demand through January.

Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months.  

A series of natural gas explosions in September 2018 that rocked three communities north of Boston, killing one man and injuring 22, has resulted in an expected criminal fine of $53 million and three years of probation for Columbia Gas of Massachusetts (CMA).