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Chris Newman

Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.

Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

A growing number of analysts have penciled in lower natural gas prices and more gas and oil production cuts for 2024 to remedy supply-demand imbalance, which worsened late in 2023 amid a mild start to winter and record production levels. The heating season only saw intermittent cold spells in November before December clocked in as…

January 4, 2024
Energy Transfer Accused of Blocking Rival Natural Gas Pipelines, Restricting Haynesville Development

Energy Transfer Accused of Blocking Rival Natural Gas Pipelines, Restricting Haynesville Development

A Momentum Midstream LLC affiliate has joined two natural gas pipeline operators in accusing Energy Transfer LP of upending industry practices for pipeline crossings in Louisiana, which they said threatens to stall development of the Haynesville Shale and growth of LNG exports. New Generation Gas Gathering (NG3) LLC, a Momentum affiliate, said its $1.6 billion…

January 2, 2024
Transco’s REA Natural Gas Flows Arrive in Time to Dampen Northeast Winter Price Volatility

Transco’s REA Natural Gas Flows Arrive in Time to Dampen Northeast Winter Price Volatility

Northeast natural gas spot markets supplied by Transcontinental Gas Pipe Line Co. LLC’s (Transco) Regional Energy Access (REA) expansion project are showing signs of less volatility since the project’s partial start-up in late October. The REA added 450 MMcf/d of capacity along Transco’s existing Leidy Line that runs to Transco Zone 6 non-NY in southeastern…

December 28, 2023
Williams Acquires Hartree’s Gulf Coast Storage Assets For $2B

Williams Acquires Hartree’s Gulf Coast Storage Assets For $2B

Midstream giant Williams said Wednesday that it has reached a deal to acquire a portfolio of Gulf Coast natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion, capping a busy year for storage acquisitions and expansions. The deal includes six natural gas storage facilities with a total capacity of 115…

December 27, 2023
Williams Looking to Expand MountainWest Overthrust Natural Gas Capacity

Williams Looking to Expand MountainWest Overthrust Natural Gas Capacity

Williams has asked FERC to authorize an expansion of its MountainWest Overthrust Pipeline LLC system to natural gas customers in the West. The midstream giant said it wants to add 325,000 Dth/d of westbound firm capacity to its Overthrust system by early December 2025. Supply would be delivered to southwestern Wyoming, according to an application…

December 22, 2023
U.S. Power Grid Blackouts Said Possible as Retirements Too Fast for Renewables to Backfill

U.S. Power Grid Blackouts Said Possible as Retirements Too Fast for Renewables to Backfill

The U.S. power grid faces the risk of blackouts over the next 10 years because of rising peak power demand, generator retirements and questions about the reliability of renewables and natural gas delivery systems, the North American Electric Reliability Corporation (NERC) said Wednesday (Dec. 13). “Environmental regulations and energy policies that are overly rigid and…

December 18, 2023
Where’s Santa Rally? U.S. Natural Gas Price Negative Trend Follows Familiar Winter Pattern

Where’s Santa Rally? U.S. Natural Gas Price Negative Trend Follows Familiar Winter Pattern

Natural gas’ tendency to trade lower over the course of the winter is playing out in quicker fashion this year, with the prompt-month Nymex futures contract down nearly 35% since Nov. 1. More often than not — around 64% of the time — Nymex futures have ended lower at the end of the November-March winter…

December 14, 2023
BP Presses FERC to Open the Books on Venture Global’s Prolonged Commissioning at Calcasieu Pass LNG

BP Presses FERC to Open the Books on Venture Global’s Prolonged Commissioning at Calcasieu Pass LNG

BP plc has asked U.S. regulators to force Venture Global LNG Inc. to release confidential documents related to the extended commissioning process of the Calcasieu Pass export terminal, arguing that Venture Global has failed to meet FERC disclosure rules for the delayed start-up of commercial operations. BP’s filing to the Federal Energy Regulatory Commission on…

December 12, 2023
Southern Gas Association CEO Sees Critical Role for Natural Gas in Evolving Energy World

Southern Gas Association CEO Sees Critical Role for Natural Gas in Evolving Energy World

Suzanne Ogle, CEO of the Southern Gas Association, says talk of natural gas going away is not realistic or responsible.  Quite the opposite, it’s “really the critical remaining dispatchable fuel source” available, one that offers the quickest way to reducing global emissions, she said in an interview with NGI.  “If your goal is to eliminate…

December 11, 2023
DT Midstream Readies Second Phase of Haynesville System Expansion for January Service

DT Midstream Readies Second Phase of Haynesville System Expansion for January Service

DT Midstream Inc. (DTM) said it has finished building the 400 MMcf/d second-phase expansion of its Louisiana Energy Access Project, or LEAP, and expects the new capacity to be available for firm service on Jan. 1. The Detroit-based company on Wednesday announced “early mechanical completion” of the expansion that would boost capacity of the 150-mile,…

December 7, 2023
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