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Natural Gas Futures Resume Rally Mode Amid Weaker Production, Narrower Storage Surplus
Earnings
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, 2024Infrastructure
More Construction Issues Reported at Golden Pass – Three Things to Know About the LNG Market
NO. 1: The Zachry Group told its hourly construction workers in an email this week not to show up at the Golden Pass LNG site in Texas until further notice. The company said in a statement it was working through “temporary constraints” at the site, while media reports said there was a fuel shortage for…
May 9, 2024Natural Gas Prices
June Natural Gas Futures Take Flight Following Bullish EIA Storage Print
Utilities injected 79 Bcf of natural gas into storage for the week ended May 3, the U.S. Energy Information Administration (EIA) reported on Thursday. The result was nearly in line with historical norms but lower than the median of expectations. This added to upward momentum for Nymex natural gas futures. About 30 minutes ahead of…
May 9, 2024Earnings
Lower Natural Gas Prices, Rising Demand Fueling Uptick in International LNG Projects, Chart CEO Says
While regulatory uncertainty has clouded the outlook for large U.S. export projects, Chart Industries Inc. reported lower global prices and a continued rise in demand is driving an uptick in international LNG and natural gas projects this year. Management of the Atlanta-based specialty equipment manufacturer told analysts during a recent 1Q2024 call that liquefied natural…
May 9, 2024Recent News
Infrastructure
More Construction Issues Reported at Golden Pass – Three Things to Know About the LNG Market
May 9, 2024Natural Gas Prices