Natural gas futures kicked off 2024 trading on Tuesday in rally mode, supported by forecasts for stronger heating demand and steady calls for U.S. LNG, though gains were held in check by stout supply. At A Glance: Frigid air on the horizon Production stays strong NGI models 40 Bcf draw Coming off a 4.3-cent decline…
Tag / columbia gas
Subscribecolumbia gas
Articles from columbia gas
Columbia JV to Propel Big North American Natural Gas Expansions, Says TC CEO
To advance North American natural gas pipeline expansions, TC Energy Corp. on Monday agreed to monetize a 40% stake in the Columbia systems via a joint venture (JV) with Global Infrastructure Partners (GIP). The Calgary midstream giant is selling off stakes to GIP in Columbia Gas Transmission LLC and Columbia Gulf Transmission LLC. TC would…
Natural Gas Futures, Spot Prices Fall Second Day as Market Braces For Bearish Storage Report
Natural gas futures faltered on Wednesday, a second-consecutive loss, as analysts anticipated another soft government inventory print and traders started to look past a late-winter surge of cold and toward likely benign spring weather. At A Glance: Analysts see modest storage draw Forecasts call for near-term cold Mixed reads on gas production The April Nymex…
TC Energy Eyeing 30% Capex Increase Driven by U.S., Canada, Mexico Natural Gas Pipelines
TC Energy Corp. is forecasting a roughly 30% year/year increase in capital expenditures (capex) this year, with the lion’s share allocated for natural gas pipeline expansions in the United States, Canada and Mexico. Calgary-based TC, which reports in Canadian currency (C$1.00/US 75 cents), has set a capital budget of $11.5-12 billion for 2023, up from…
Natural Gas Futures, Spot Prices Plunge as Weak Demand Outlook Overshadows Big Storage Pull
Natural gas futures resumed a downward spiral on Thursday after a hefty but disappointing storage withdrawal failed to impress markets, leaving traders to focus on forecasts for mild weather and diminished demand through January. At A Glance: EIA prints 221 Bcf draw Production bounces back Demand begins to fade The February Nymex gas futures contract…
June Natural Gas Futures Inch Higher Amid LNG Strength, Potential for Storage Depletion
Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months. The June Nymex contract advanced 3.5 cents day/day and settled at $2.966/MMBtu. July rose 3.6 cents to $3.014. Spot…
Columbia Gas of Massachusetts Slammed with Three Years Probation, $53M Fine for ‘18 Natural Gas Explosions
A series of natural gas explosions in September 2018 that rocked three communities north of Boston, killing one man and injuring 22, has resulted in an expected criminal fine of $53 million and three years of probation for Columbia Gas of Massachusetts (CMA). The NiSource Inc. subsidiary already had agreed in February to plead guilty…