Eastern

Brief — Texas Eastern

In its latest update about the explosion and fire onTexas Easternpipeline’s Penn-Jersey line in the M3 Zone,Spectra Energy Corp.said work is progressing to restore capacity through the Delmont compressor station. The blast in Southwest Pennsylvania caused serious property damage and sent one resident to the hospital (see Daily GPI, April 29). After the explosion, flows beginning at the Delmont compressor — the western boundary of the M3 zone — were cut to zero, with flows affected eastward. About 1 Bcf/d of natural gas flows on the system have been cut (see Daily GPI, May 2). Spectra said in an update that some capacity through the compressor could be available sometime during the week of May 9. The company said it continues to work with federal regulators investigating the incident. The Pipeline and Hazardous Materials Safety Administration has issued a corrective action order to the company requiring it to determine the cause of the incident and ensure the safety of three pipelines that run parallel to the one that ruptured. The cause remains unclear, but PHMSA indicated in its order that corrosion was the likely cause (see Daily GPI, May 4). According to the order, the blast left a crater 30 feet wide, 50 feet long and 12 feet deep. The explosion, the order said, launched about 25 feet of the 30-inch pipeline 100 feet from the site of the explosion.

May 6, 2016

Weather Outlook Prompting Short-Covering; May Seen A Penny Higher

May natural gas is set to open a penny higher Tuesday morning at $2.01 as traders digest new weather information and see a nascent bullish technical case in play. Overnight oil markets were mixed.

April 5, 2016

Models Turning Cooler; February Seen Up 3 Cents

February natural gas is set to open 3 cents higher Tuesday morning at $2.19 as traders try to reconcile a bearish outlook with weather forecasts calling for cooler temps in the medium term. Overnight oil markets were mixed.

January 26, 2016

2016 Pricing Seen Sharply Lower; January Futures Called Down A Penny

January natural gas is set to open a penny lower Wednesday morning at $1.81 as traders have to swallow yet another near-term weather forecast calling for additional moderation. Overnight oil markets were mixed.

December 16, 2015
Another Wrinkle Emerges in TransCanada Mainline Conversion

Another Wrinkle Emerges in TransCanada Mainline Conversion

Discovery of a western devil in the details of an eastern settlement on TransCanada Corp.’s proposed partial conversion of its natural gas Mainline to oil service has ignited a new protest.

December 11, 2015

Above-Average Storage Build Expected; September Called A Penny Lower

September natural gas is set to open a penny lower Thursday morning at $2.85 as traders still find themselves dealing with expected government storage data showing storage builds to be above the long-term averages. Overnight oil markets rose.

July 30, 2015

Texas Eastern South Texas Bidirectional Project Would Serve Mexico’s CFE

Texas Eastern Transmission LP has filed at FERC for its South Texas Expansion Project (STEP), which through the addition of compression and other facilities would transform its existing Line 16 system to bidirectional service.

June 2, 2015
TransCanada Rustling Up NatGas Utility Support For Energy East Project

TransCanada Rustling Up NatGas Utility Support For Energy East Project

A settlement on replacement capacity for natural gas distribution companies in central Canada and the northeastern United States may remove the economic obstacle delaying TransCanada Corp.’s mammoth Energy East project.

April 24, 2015

Models See Cooler Temps, Less Demand; April Called 3 Cents Lower

April natural gas is expected to open 3 cents lower Monday morning at $2.70 as traders see prices approaching key decision points and weather forecasts call for less heating load. Overnight oil markets slumped.

March 16, 2015

Old Man Winter Hasn’t Left Yet; February Called 10 Cents Higher

February natural gas is expected to open 10 cents higher Wednesday morning at $2.93 as the near-term temperature outlook now calls for cooler temperatures over key eastern and Midwest energy markets. Overnight oil markets rose.

January 21, 2015