Natural gas stored underground in the Midwest finished winter far above historical norms, reflecting strong production and unusually weak weather-driven heating demand. Spot gas prices have struggled to find momentum as a result. Chicago Citygate prices hovered around $1.500/MMBtu over the past week, roughly in line with NGI’s Spot Gas National Avg., but down about…
Chicago
Articles from Chicago
Commercialization of Certified Natural Gas Advances as Seneca, NNE Offer 1 Bcf/d-Plus via CG Hub
Appalachian natural gas producers Seneca Resources Co. LLC and Northeast Natural Energy (NNE) have agreed to provide access to more than 1 Bcf/d of certified natural gas via commodities trading platform CG Hub, a signal that selling premium supply to overseas markets is advancing. The Chicago-based trading hub, operated through TruMarx Data Partners Inc.’s Comet…
Chicago Set to Toss Fossil Fuel Companies from Investment Portfolio
The Chicago City Council has voted to pull investments in fossil fuel companies, with $70 million in bonds already removed from the portfolio in the last 18 months through maturities or sales. “When I first took office, I chose to divest from fossil fuels to protect the health of our residents, our city and our…
Chicago Set to Remove Fossil Fuel Companies from Investment Portfolio
The Chicago City Council has voted to pull investments in fossil fuel companies, with $70 million in bonds already removed from the portfolio in the last 18 months through maturities or sales. “When I first took office, I chose to divest from fossil fuels to protect the health of our residents, our city and our…
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High
Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…
Illinois Natural Gas-Fired Power Plant Starts Construction
Chicago-based J Power USA, a subsidiary of Tokyo-based Electric Power Development Co., Ltd., has begun construction of a 1,200 MW combined-cycle natural-gas fired power plant in Will County, IL, near Chicago, which is the largest residential heating market in the United States and a major natural gas hub.
Multi-Billion-Dollar Chicago Gas Pipeline Replacement Still Under Regulators’ Scrutiny
Illinois regulators last Wednesday voted unanimously to continue what is turning out to be a multi-year investigation of the multi-billion-dollar, 20-year effort by Peoples Gas utility in Chicago to replace more than 2,000 miles of aging pipelines that have become more albatross than opportunity for Milwaukee-based WEC Energy Group Inc.
Cascading Eastern NatGas Cash Outdoes Firm Midwest; Futures Ease 2 Cents
Natural gas cash for weekend and Monday delivery on average took a pretty hard fall in Friday trading, but the devil was in the details and swooning eastern prices were able to overpower strong Midwest quotes as Chicago’s high Sunday was not expected to reach double digits.
NatGas Cash Outpaces Lagging Futures; January Sheds 3 Cents
Physical natural gas for Thursday delivery posted strong gains in Wednesday’s trading, boosted by early initial strength in screen prices, flow limitations at eastern population centers and healthy gains in power pricing.
Near-Term Chill Gets Attention of NatGas Cash, Futures Traders; December Up 14 Cents
Both cash natural gas and futures bounded higher Friday. Cash buyers didn’t want to get caught short over the weekend before cooler weather expected to knock close to 20 degrees off recent highs. Speculative futures traders elected to enter the market on the long side.