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MVP Responds to ‘Misinformation’ Around Failed Pipeline Hydrostatic Test
Markets
Natural Gas Futures, Spot Prices Advance as Southern Heat Takes Root, Production Slows
Natural gas futures on Tuesday rallied amid forecasts for strong Southern heat, continued light production estimates and expectations for a bullish government inventory print. At A Glance: Heat forecast to spread Production below 96 Bcf/d Bullish injection expected The June Nymex gas futures contract settled at $2.416/MMBtu, up 7.2 cents day/day. NGI’s Spot Gas National…
May 15, 2024Infrastructure
Freeport LNG Signals Return of Production at All Three Trains
Freeport LNG has confirmed that all three trains at the Texas export facility are back online after months of maintenance that limited natural gas flows to the facility. Since earlier in the month, the market has been tracking an uptick in feed gas volumes to Freeport that could indicate a restart of production at the…
May 15, 2024International
Petronas Identified Cause of Power Outage at Malaysia LNG
Petronas is working to restore operations at its massive Bintulu LNG complex in Malaysia after a power outage late last week. The company said in a statement it is working to startup the facility after it identified the cause of the power loss, which it said occurred late on May 10. No timeline was given…
May 15, 2024Infrastructure
Western Canada’s 1 Bcf/d Yellowhead Natural Gas Pipe to Move Supply to Dow Cracker – and Beyond
A 124-mile-long Western Canadian natural gas pipeline system that would deliver about 1 Bcf/d from west-central Alberta to northeastern Edmonton is in the works by a unit of Atco Ltd. The Yellowhead Mainline project, announced by Calgary-based Canadian Utilities Ltd., would cost more than C$2 billion (C$1.00/US 73 cents), according to preliminary estimates. The system…
May 15, 2024Trending News
Infrastructure
