Central

Tall Oak Midstream II LLC is holding a nonbinding open season through April 20 for its TOM Midcon Transport residue gas pipeline project, which would serve Midcontinent producers with increased takeaway capacity.

While record power burn has slashed the 1,004 Bcf natural gas storage surplus over 2015 levels the industry saw at the beginning of April to just 90 Bcf as of Sept. 23, the warmer-than-normal weather many forecasters are predicting for October could reignite fears of inventories reaching a critical 4 Tcf by the end of the injection season, analysts say.

September natural gas is set to open 2 cents higher Tuesday morning at $2.61 as traders note only modest cooling in extended weather forecasts. Overnight oil markets gained.

TransCanada Corp., Sierra Oil & Gas and Grupo TMM are proposing to jointly develop storage and transportation infrastructure to serve growing demand for refined products such as gasoline, diesel and jet fuel, in the central region of Mexico and surrounding markets. The pipeline project would run parallel to a recently announced TransCanada natural gas pipeline and would transport refined products to Central Mexico from the Gulf Coast.

The Sunbury Pipeline Project, designed to deliver 200,000 Dth/d to a new natural gas-fired power plant and to local distribution markets in Central Pennsylvania, received the green light from FERC Friday to move forward with construction.

The Sunbury Pipeline Project, designed to deliver 200,000 Dth/d to a new natural gas-fired power plant and to local distribution markets in Central Pennsylvania, received the green light from FERC Friday to move forward with construction.

Central El Campesino of Chile has signed up for 0.6 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Cheniere Energy’s Corpus Christi Liquefaction Project, which is under construction in Texas. The regasified LNG would fuel a 640 MW power plant under development.

Physical natural gas slipped lower in Monday’s trading for Tuesday deliveries as traders find themselves staring down the barrel of a near-term market environment that may feature a series of triple-digit additions to storage and elimination of the year-on-five-year storage deficit.

Physical natural gas slipped lower in Monday's trading for Tuesday deliveries as traders find themselves staring down the barrel of a near-term market environment that may feature a series of triple-digit additions to storage and elimination of the year-on-five-year storage deficit.