TC Energy Corp. is transporting record volumes of natural gas on its Canada, U.S. and Mexico pipeline systems, and expects demand growth to accelerate over the coming years, according to management.
Utilities in the Southwest have seen business, population and technology underpinning investments in natural gas-fired generation and infrastructure, and in Texas, new legislation may be supporting plans for a build-out.
Global prices remained steady for the weekend as international buyers continue to monitor the winter outlook, but another potential disruption at Freeport LNG could help stoke anxiety.
With the Haynesville Shale continuing to serve as the biggest driver of projected onshore natural gas production growth, output from seven key Lower 48 plays is poised to grow by 426 MMcf/d from February to March, according to the Energy Information Administration (EIA).
After pushing through resistance and trading above $3.220 in the overnight hours, December natural gas was set to open about 2 cents lower Friday amid some warmer changes to the weather models later this month.
December natural gas is expected to open 9 cents higher Monday morning at $3.07 as weekend weather models injected a cooler temperature regime. Overnight oil markets rose.
Federal and state government agencies have joined forces to launch a publicly available website where users can access a suite of oil and natural gas well data from across the country.
Speaking via videotaped remarks to a gathering in Hamburg, Germany prior to the G20 Summit, California Gov. Jerry Brown on Thursday announced that his state will host the Climate Action Summit in San Francisco in September 2018. Brown called for global action by citizens to "roll back the forces of carbonization" and address threats related to climate change. The summit, he said, will bring together various subnational government, business, investment and civilian representatives from around the world. Brown's recorded remarks in Europe were introduced by Christiana Figueres, a former United Nations official dealing with the UN framework on climate change.
In the story “U.S. LNG Exports Set New High in February,” the Department of Energy (DOE) data cited is through February, which was released a month ago. DOE’s latest LNG Monthly, released Monday with data through March, shows that Lower 48 exports declined from February to March.