Jeremiah Shelor

September natural gas futures were set to open Tuesday about 1.9 cents higher at around $2.949/MMBtu, with forecasters noting only minor changes to the weather outlook overnight as a tight storage picture continued to offer support.

Natural gas pipeline capacity into the South Central region, the epicenter of anticipated demand growth from exports to Mexico and via liquefied natural gas (LNG) terminals, is expected to climb to 19 Bcf/d by the end of the year, according to the Energy Information Administration (EIA).

Concerns over meager storage stockpiles helped the natural gas futures market shake off cooler weather trends Tuesday as prices gained modestly for the fall and winter contracts. In the spot market, most regions strengthened as Henry Hub gained in line with prompt month futures, while pricy locations in California and the Desert Southwest moderated; the NGI National Spot Gas Average finished 7 cents higher at $2.97/MMBtu.

Concerns over meager storage stockpiles helped the natural gas futures market shake off cooler weather trends Tuesday as prices gained modestly for the fall and winter contracts. In the spot market, most regions strengthened as Henry Hub gained in line with prompt month futures, while pricy locations in California and the Desert Southwest moderated; the NGI National Spot Gas Average finished 7 cents higher at $2.97/MMBtu.

FERC has approved Mountain Valley Pipeline LLC’s (MVP) plan to temporarily stabilize parts of its route during an indefinite work stoppage required after an appeals court vacated key federal authorizations for the 300-mile, 2 Bcf/d project.

Against a backdrop of lean regional storage inventories, the recent delay to Mountain Valley Pipeline LLC (MVP) further tightens the supply/demand balance this winter for East Coast markets that saw constraints drive spot prices to more than $100/MMBtu back in January.

A roughly 20-cent rally in the front month going back to Aug. 2 showed signs of running out of steam Friday as prices pulled back around a penny, but recent gains suggest the burden of proof has shifted to record production to show it can meaningfully work down inventory deficits before winter.

A roughly 20-cent rally in the front month going back to Aug. 2 showed signs of running out of steam Friday as prices pulled back around a penny, but recent gains suggest the burden of proof has shifted to record production to show it can meaningfully work down inventory deficits before winter.

The Rover Pipeline is mechanically complete, and restoration work is on track to wrap up later this month, management for sponsor Energy Transfer Partners LP (ETP) said Thursday, pointing to incremental growth in throughput volumes for a project that has already lifted revenues for the Dallas-based midstreamer.