Natural Gas Futures Retreat as TC Energy Limits Effects of Western Canada Pipeline Rupture

Natural gas futures gave back some of Tuesday’s gains Wednesday after TC Energy Corp. said it was able to isolate the impacts of a rupture of its Nova Gas Transmission Ltd. (NGTL) pipeline in Western Canada. At A Glance: NGTL incident is contained Analysts expect moderate injection Production at 98.4 Bcf/d Futures jumped more than…

Portion of Plaquemines LNG’s 2 Bcf/d Pipeline Project Ready for Service, Venture Global Says

The chances of feed gas being introduced to Venture Global LNG Inc.’s Plaquemines LNG project by the end of the year could be rising as the firm awaits approval to place a portion of its pipeline in service. Venture Global asked FERC to allow it to begin introducing natural gas to the 11.7-mile, 42-inch diameter…

April 18, 2024

March CPI Data Show Energy Inflation Reawakened Despite Depressed Natural Gas Prices

Stable natural gas prices were not enough to offset spikes in other energy costs in March, pushing the government’s measure of energy prices higher for the first time in a year. The U.S. Department of Labor said the Consumer Price Index (CPI) increased at a rate of 3.5% in the 12-month period through March. That…

April 18, 2024

With Production Lower, Natural Gas Futures Climb Ahead of EIA Storage Print

Natural gas futures hovered in positive territory early Thursday as traders assessed a mixed weather outlook against continued lighter production readings while they awaited the latest government inventory data. Following a 2.0-cent loss Wednesday, the May Nymex contract was up 5.0 cents to $1.762/MMBtu at around 8:40 a.m. ET. The federal storage report is slated…

April 18, 2024

Canadian Natural Gas Production Holds Strong, on Track for Record Year Despite Price Weakness

Natural gas production held near all-time highs through the first quarter in Canada, even as prices slumped following a mild winter that left supplies in storage at robust levels. That’s because producers are looking beyond near-term weakness and toward an anticipated jump in export demand, according to analysts. LNG Canada is slated to begin operations…

April 17, 2024