Articles tagged Mvp

Natural gas export capacity could explode within months on the Gulf Coast and in Western Canada, a signal for operators to begin ramping up activity. Still, storage is continuing to rise, and weather demand has remained tepid. What does it mean for prices? NGI’s experts have a few answers.

Weekly natural gas cash prices sank as former Hurricane Debby curbed demand in the East and West Texas prices sank deeper into the negative.

Natural gas futures rose for a third day on Thursday after a relatively lean government storage build signaled production levels might be running lower than expected.

Multi-basin independent Gulfport Energy Corp., whose Lower 48 portfolio is 92% weighted to natural gas, is holding production flat to wait for stronger prices into 2025.

A portion of the recently completed Mountain Valley Pipeline LLC (MVP) was shut for maintenance Tuesday, causing capacity cuts and driving Southeast regional natural gas prices higher.

Natural gas futures jumped on Tuesday to end a four-day slide as lighter production readings and mild impacts from remnants of former Hurricane Debby provided the catalyst for a relief rally.

August natural gas futures fell below key support through midday trading Monday as weather forecasts trimmed demand outlooks and Lower 48 gas output rose to a new three-month high.

With summer heat falling short of record forecasts and natural gas storage levels still well above historical levels, gas forwards slipped at the front of the curve during the June 20-26 trading period, according to NGI’s Forward Look.

Natural gas forwards advanced across portions of the East from June 13-18, bolstered by sweltering forecasts and a new pipeline expanding the reach of Appalachian Basin supply, according to NGI’s Forward Look.

The latest reported storage build matched most expectations, but provided no definitive directional support as natural gas futures vacillated between modest losses and gains in midday trading on Friday.