Chicago

FERC on Wednesday granted Natural Gas Pipeline Company of America LLC (NGPL) permission to begin service on Compressor Station No. 312 in Livingston County, IL, otherwise known as the first phase of the pipeline’s Chicago Market Expansion [CP15-505]. Startup is slated for Tuesday, the pipeline told NGI.

Natural gas for next-day delivery at New England points scored some hefty gains in Tuesday’s trading, but that was much the exception to the rule.

Physical natural gas for Tuesday delivery posted solid double-digit gains in Monday’s trading as no points followed by NGI traded in the loss column and most points added more than a dime. The NGI National Spot Gas Average rose 13 cents to $2.26 with the greatest gains seen in the East.

Natural Gas Pipeline Company of America LLC (NGPL) on Tuesday launched open seasons to test interest in expanding two natural gas pipeline systems, the Chicago Market Expansion Project and the Gulf Coast Southbound Expansion Project.

Natural Gas Pipeline Company of America LLC (NGPL) on Tuesday launched open seasons to test interest in expanding two natural gas pipeline systems, the Chicago Market Expansion Project and the Gulf Coast Southbound Expansion Project.

Physical natural gas for Thursday delivery worked higher in trading Wednesday as firm quotes in the Gulf, Texas and Northeast were able to offset a weaker Rockies and flat California. The NGI National Spot Gas Average rose 2 cents to $1.66, and eastern points were able to tack on about 7 cents on average.

Physical natural gas for Wednesday delivery continued to slip lower Tuesday as weather forecasts continued to be uninspiring and traders saw little on the horizon to spark any kind of price rally.

With the completion of a merger forming Milwaukee-based WEC Energy Group, a controversial multi-billion-dollar, multi-year effort to replace the aging natural gas pipeline system in Chicago is getting a fresh look, WEC’s CEO told financial analysts during a quarterly earnings conference call last week.

There was little incentive for traders to commit to three-day weekend deals in Friday’s trading as a double whammy of a weak screen and moderate weather outlooks weighed on physical natural gas markets.