February natural gas is set to open 3 cents higher Wednesday morning at $2.97 as forecasts call for continued cold with risks that the cold might continue over major population centers. Overnight oil markets rose.
Articles from Eastern
FERC has approved Texas Eastern Transmission LP’s request to construct and operate the Ohio Pipeline Energy Network (OPEN) project, which would carry Marcellus/Utica shale gas to Gulf Coast markets and other markets using interconnections with downstream pipelines.
Canada’s three biggest natural gas distribution companies are calling for a timeout to be imposed on TransCanada Corp.’s C$13.5 billion (US$12 billion) grand design for an overhaul of the national pipeline network.
Texas Eastern Transmission LP on Friday received FERC clearance to place into service the last remaining facility of its Texas Eastern Appalachia to Market (Team) 2014 Project.
A seismic shift in the Northeast natural gas market likely will lead to substantial and broad-based seasonal price differentials all the way to Western Canada, Raymond James Inc. analysts said Monday.
ANR is holding a binding open season through Oct. 22 for its Lebanon Lateral 2014 Reversal Project. The pipeline is holding a separate nonbinding open season through Oct. 23 for its Glen Karn 2015 Project.
ANR Pipeline Co. on Monday announced two open seasons for projects intended to give Marcellus and Utica shale gas a new export option and access to the pipeline’s markets in the Midwest and Gulf Coast.
Traffic continues to grow on the northbound natural gas freeway from the United States into Ontario and Quebec, fueling plans to increase delivery capacity on the Canadian side of the border.
FERC Monday issued a favorable environmental assessment (EA) of Texas Eastern Transmission LP’s (Tetco) expansion project for existing facilities that would pave the way for the delivery of 600,000 Dth/d of Marcellus gas to the pipeline’s market areas in New Jersey and New York.
Overall physical natural gas prices averaged a nickel gain in Tuesday trading for Wednesday delivery. The overall market strength, however, was characterized by wide swings with points in the Northeast adding more than a dollar, and locations in the infrastructure-challenged Marcellus dropping more than a quarter.