Updated Aug 22, 2024
8/22/24
At the end of August, Cenagas will celebrate its 10th anniversary. Its creation was based around it becoming the central player in the Mexican natural gas market. It would be a firm-based capacity manager for the strategic pipeline network, the Sistrangas, an economic agent capable of...
Afforded little support from the latest storage data for a definitive move in either direction, August Nymex natural gas futures meandered near unchanged through midday trading on Thursday.
When the long-delayed Mountain Valley Pipeline LLC (MVP) starts up in the coming weeks, the natural gas flowing south into downstream markets is not expected to be anywhere near the pipeline’s full 2 Bcf/d capacity.
A manufacturing defect, a degraded coating and an ineffective corrosion prevention system contributed to a fatal explosion and fire on Enbridge Inc.’s Texas Eastern Transmission (Tetco) natural gas pipeline near Danville, KY, the National Transportation Safety Board (NTSB) said last week.
A manufacturing defect, a degraded coating and an ineffective corrosion prevention system contributed to a fatal explosion and fire on Enbridge Inc.’s Texas Eastern Transmission (Tetco) natural gas pipeline near Danville, KY, the National Transportation Safety Board (NTSB) said Wednesday.
Cooler forecast trends for next week and the prospect of restored pipeline capacity uncorking additional supply helped send natural gas futures sharply lower in early trading Friday. The September Nymex contract was down 11.4 cents to $3.945/MMBtu at around 8:55 a.m. ET.
Natural gas futures were virtually unchanged in early trading Monday, holding onto recent gains as updated forecasts eased off somewhat on expected heat over the next two weeks. The July Nymex contract was up 0.8 cents to $3.304/MMBtu at around 8:45 a.m. ET.
Big basis moves in Appalachia and on the West Coast highlighted natural gas forwards trading during the June 3-9 period, while a sufficiently hot forecast helped propel a broader move higher for the Lower 48 overall, according to NGI’s Forward Look.
A pipeline notice raising the prospect of prolonged supply disruptions out of the Northeast had natural gas futures surging in early trading Friday. The July Nymex contract was trading 10.3 cents higher to $3.252/MMBtu at around 8:50 a.m. ET.
