megawatt

July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

After finishing flat a day earlier, Natural gas futures mustered new momentum on Friday, ending the week in positive territory as mid-range forecasts for more heat outshined persistently weak demand for liquefied natural gas (LNG) amid fallout from the coronavirus pandemic.

June 19, 2020
California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.

June 18, 2020
Appalachia’s Equitrans Completes Takeover of EQM Midstream

Appalachia’s Equitrans Completes Takeover of EQM Midstream

EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.

June 18, 2020
Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels

Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels

Boston-based Greentown Labs, a “climate tech” start-up incubator, plans to open its second location next spring in the U.S. oil and gas capital of Houston, as city leaders move to transition from fossil fuels.

June 18, 2020
July Natural Gas Futures Down Slightly Following In-Line Storage Injection

July Natural Gas Futures Down Slightly Following In-Line Storage Injection

The U.S. Energy Information Administration (EIA) reported an injection of 85 Bcf natural gas storage for the week ending June 12, a reading that was in line with the averages of major polls.

June 18, 2020
Pennsylvania Impact Fee Collections Slip on Lower Natural Gas Prices

Pennsylvania Impact Fee Collections Slip on Lower Natural Gas Prices

The impact fees paid by Pennsylvania’s unconventional natural gas producers in 2019 declined by 20% year/year to about $200.4 million, a drop that was primarily because of lower prices, according to the state Public Utility Commision (PUC).

June 18, 2020
With Lower Storage Injection Expected, Natural Gas Futures Advance, End Three-Day Skid

With Lower Storage Injection Expected, Natural Gas Futures Advance, End Three-Day Skid

Forecasts for modestly increasing heat and a lower inventory build report offset enduring uncertainty about liquefied natural gas (LNG) demand, helping natural gas futures post gains Wednesday and ending a drubbing that cost the July contract nearly 20 cents over the prior three trading sessions.

June 18, 2020
Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction

Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction

With much of the supply/demand background fairly stable, weak natural gas cash pricing drove a deep dive lower for forward markets during the June 11-17 period, NGI’s Forward Look data show. Double-digit decreases extended across North America through the rest of summer, though smaller losses were seen further out the curve.

June 18, 2020
FERC Proposes Five-Year Index Level for Interstate Oil Pipeline Rates

FERC Proposes Five-Year Index Level for Interstate Oil Pipeline Rates

FERC has issued a notice of inquiry (NOI) on its proposed index level used to calculate annual changes to interstate oil pipeline rate ceilings for the next five years, beginning July 1, 2021.

June 18, 2020
Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project

Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project

Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico, as well as the nation’s first underground gas storage facility.

June 18, 2020