Updated Aug 22, 2024
8/22/24
Energy midstream giant Tallgrass Energy, which operates 10,000-plus miles of natural gas and oil pipelines and storage systems across the Lower 48, has clinched a new partner that is bringing in a bundle of funding.
In the largest transaction of its kind, TC Energy Corp. has agreed to sell equity interest in two of its Canadian natural gas pipelines to an Indigenous-owned investment partnership.
The five-year natural gas transit agreement between Russia and Ukraine is due to expire at the end of the year, halting around 13.7 billion cubic meters (Bcm) of supply the European Union (EU) would need to replace with additional Norwegian pipeline and LNG imports to meet current demand.
Transcontinental Gas Pipe Line Co. LLC (Transco) has asked FERC to start service on the last phase of its 829,400 Dth/d Regional Energy Access (REA) expansion project by the end of this month.
The long-delayed Mountain Valley Pipeline (MVP), designed to move copious amounts of natural gas from Appalachia to the Southeast, gained a long-sought authorization on Tuesday from federal regulators.
Natural gas futures pulled back early Wednesday after rallying above $3.00 on Tuesday as traders weighed the start-up of the long-delayed Mountain Valley Pipeline LLC (MVP) against record heat forecasts.
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process.
Mexico’s presidential election was on Sunday (June 2), with far-reaching implications for the natural gas market. For longer term trends in the Mexico natural gas market, NGI reviewed some of the first quarter of 2024 earnings calls of key players in the industry.
Hotter than normal weather this summer may pressure U.S. grid performance, as total load climbs year/year and natural gas consumption increases 1.7% from summer 2023 levels, according to federal officials.
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process.