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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.

Great Lakes Natural Gas Pipeline Work Widens Downstream Price Spreads

Great Lakes Natural Gas Pipeline Work Widens Downstream Price Spreads

A pipeline maintenance project that began last week on one of the biggest routes for Canadian natural gas imports blew out spot price spreads to downstream Midwest markets, forcing another pipeline to ramp up flows to compensate to limit impacts. TC Energy Corp.’s Great Lakes Gas Transmission (GLGT) system started a seven-month project May 13…

May 24, 2024
Natural Gas Technicals Suggest Short Covering-Fueled Price Rally May Be Nearing Its End

Natural Gas Technicals Suggest Short Covering-Fueled Price Rally May Be Nearing Its End

June natural gas futures have rallied more than 40% in May, with the move higher over the past week putting technical indicators even further into overbought territory. The June New York Mercantile Exchange (Nymex) contract settled at $2.751/MMBtu Monday, putting the contract up 42% since May 1. For the prompt-month price series, this is up…

May 21, 2024
When MVP Spigot Opens, Natural Gas Flows to Begin as Trickle, Putting Focus on SE Price Spreads

When MVP Spigot Opens, Natural Gas Flows to Begin as Trickle, Putting Focus on SE Price Spreads

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. That’s because past the southern terminus of the 303-mile pipeline, the Transcontinental Gas Pipe Line Co. (Transco) system faces bottlenecks…

May 17, 2024
Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets

Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets

Energy Transfer LP is using its intrastate natural gas pipeline capacity in Texas to allow its customers to take advantage of the wide price spreads caused by sub-zero pricing in the Permian Basin. NGI’s Waha daily cash price has averaged in the negative for much of the past two months, including a four-year low of…

May 13, 2024
Natural Gas Futures Slide as Golden Pass Hiccup Offsets Freeport’s Third Train Restart — MidDay Market Snapshot

Natural Gas Futures Slide as Golden Pass Hiccup Offsets Freeport’s Third Train Restart — MidDay Market Snapshot

Natural gas futures flipped to gains and losses through midday trading Friday as the market weighed opposing LNG factors. For bears, interruptions to work at the Golden Pass liquefied natural gas project fed speculation about potential delays, while bulls cheered Freeport starting up a third train. Here’s the latest: June Nymex futures down 3.9 cents…

May 10, 2024
Natural Gas Futures Trim Gains From Freeport LNG Uptick, Tighter Storage 

Natural Gas Futures Trim Gains From Freeport LNG Uptick, Tighter Storage 

Natural gas futures were trading lower early Friday as uncertainty over near-term weather demand shifted attention away from a rebound in Freeport LNG feed gas flows and Thursday’s bullish government storage report.  The June Nymex contract was down 3.5 cents to $2.266/MMBtu at around 8:45 a.m. ET. An hour earlier, the contract had been trading…

May 10, 2024
TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline

TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline

TC Energy Corp. has completed the northern portion of its Southeast Gateway and is moving to start commercial operations of its Coastal GasLink (CGL) supplying feed gas to LNG Canada. Management for the Calgary-based pipeline giant provided updates on major projects during a first quarter earnings call. In Mexico, TC has installed more than 70%…

May 9, 2024
Williams CEO Says Natural Gas Demand Accelerating, but ‘Oversupplied’ Market Needs to be ‘Patient’ 

Williams CEO Says Natural Gas Demand Accelerating, but ‘Oversupplied’ Market Needs to be ‘Patient’ 

Williams executives are expecting strong growth for natural gas consumption in the years ahead, but said those levels of demand may not come “quite as quickly as a lot of people think,” and, in one case, that demand was not enough to overcome opposition to a pipeline project. “Natural gas demand is not just growing…

May 8, 2024
TC Energy Advances Southeast Gateway Pipeline Offshore Mexico 

TC Energy Advances Southeast Gateway Pipeline Offshore Mexico 

TC Energy Corp. has completed the northern portion of its Southeast Gateway natural gas offshore pipeline project that would supply underserved areas along the Yucatán Peninsula. Management for the Calgary-based pipeline giant provided updates on major projects during a first-quarter earnings call Friday. In Mexico, TC has installed more than 70% of the offshore pipe…

May 3, 2024
May Bidweek Natural Gas Prices Slide as Storage Containment Worries Outmuscle Incoming Heat

May Bidweek Natural Gas Prices Slide as Storage Containment Worries Outmuscle Incoming Heat

Natural gas prices slipped lower in May bidweek trading as the month’s expected uptick in cooling demand was upstaged by hefty inventory levels and recent bumpy performances by Gulf Coast LNG terminals. NGI’s May Bidweek National Avg. fell 7.0 cents month/month to $1.240/MMBtu. Trading for the latest bidweek period spanned April 24, 25 and 26…

May 1, 2024
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