Eastern

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.

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.

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.

More than 40 producers offered 383 bids with high bids totaling $850.8 million to secure leaseholds in the Central and Western Gulf of Mexico (GOM), mostly for deepwater prospects, the Bureau of Ocean Energy Management said Wednesday. However, there were no bids in the Eastern GOM auction, the first in eight years.

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.