Iroquois

Physical gas for Wednesday delivery was mostly lower Tuesday as benign eastern weather lent a soft touch to the market. A few Northeast points advanced as pipeline restrictions continued, but next-day power forecasts called for moderate increases in load, and next-day peak power rose slightly.

Next-day gas firmed in trading Monday as a combination of a strong screen, Midwest warmth, and pipeline outages brought a firm undertone to the market. Overall prices rose 9 cents to $2.59, as gains in the Northeast, East, and Midwest far overshadowed weakness in the Marcellus. Loads in California were forecast to increase more than 20%, but prices made only modest gains.

Next-day gas firmed in trading Monday as a combination of a strong screen, Midwest warmth, and pipeline outages brought a firm undertone to the market. Overall prices rose 9 cents to $2.59, as gains in the Northeast, East, and Midwest far overshadowed weakness in the Marcellus. Loads in California were forecast to increase more than 20%, but prices made only modest gains.

Physical natural gas for delivery Tuesday eased as moderate strength at northeast points on Monday failed to offset broader declines in the Gulf, Rockies, and California. Overall the market shed 2 cents to $2.33.

Physical natural gas for delivery Tuesday eased as moderate strength at northeast points on Monday failed to offset broader declines in the Gulf, Rockies, and California. Overall the market shed 2 cents to $2.33.

The size and complexity of the Constitution Pipeline and Wright Interconnect projects has prompted the U.S. Department of the Interior (DOI) and the Environmental Protection Agency (EPA) to ask FERC to extend the comment period for the associated draft environmental impact statement (DEIS).

A pair of pipeline projects designed to carry natural gas from the Marcellus Shale to markets in the Northeast would have adverse environmental impacts that could be mitigated, FERC said Wednesday.

An open season announced last week by TransCanada Corp. on the eastern leg of its Mainline has prompted two other pipelines to jump on board with complementary eastbound Marcellus Shale-oriented projects of their own.

Leatherstocking Gas Co., a 50-50 joint venture between Corning Natural Gas Corp. and Mirabito Holdings Inc., recently broke ground on a natural gas distribution system in Susquehanna County, PA, the latest step in its “local gas for local people” effort to supply Marcellus Shale gas to customers living in the area.