New England

National Grid plc has asked Massachusetts regulators to approve a deal with Constellation Energy Corp. that could keep the Everett LNG terminal open to serve almost one million East Coast natural gas customers during periods of peak demand. With its 1,400 MW Mystic Generating Station slated for retirement later in the year, Constellation has said…

Natural gas utilities in Massachusetts will be required to first evaluate clean energy projects before expanding their systems after state regulators issued limits on local distribution companies (LDC). Former state Attorney General Maura Healey in 2020 called on the Massachusetts Department of Public Utilities (DPU) to investigate potential pathways to phase out natural gas use…

Still groggy from the holiday, natural gas futures struggled to find direction on Wednesday. Amid a supportive backdrop of near-term heat and softening drilling activity, a host of bearish factors ultimately proved too much to overcome. The August Nymex gas futures contract settled 5.2 cents lower than Monday’s settlement at $2.657/MMBtu. At A Glance: Production…

Industry and government experts said to ensure New England has the energy resources available to ensure reliability in the winter, more natural gas infrastructure and transmission for renewables must be built.  During the Federal Energy Regulatory Commission’s second New England Winter Gas-Electric Forum earlier this week, half of the discussions centered around the potential closure…

The power grid operator for New England, where natural gas makes up the majority of the energy resources, said there are adequate resources to meet the region’s electricity demands this summer under typical weather conditions. However, tight supply margins are possible if temperatures are hotter than expected. ISO New England Inc. (ISO NE) oversees the…

Natural gas futures extended their gains on Monday as weather models continued to show cold over much of the Lower 48 for early to mid-March and Freeport LNG stayed on its path toward full operations. With some nascent technical momentum also in play, the newly prompt April Nymex natural gas contract settled at $2.731/MMBtu, up…

FERC last week approved new reliability standards to enhance grid reliability during extreme weather events such as Winter Storm Uri in February 2021.  Two years after Uri’s rampage across the U.S. South, during which hundreds died from hypothermia following blackouts that affected millions, the Federal Energy Regulatory Commission implemented enhanced cold weather preparedness plans, generator…

New England paid some of the highest natural gas prices on record last year amid pipeline constraints and stronger competition for LNG. Daily spot natural gas prices at Algonquin Citygate near Boston peaked last year at $34.900/MMBtu in December, according to NGI data, and were higher than benchmarks in both Asia and Europe at that…

BP plc reported it has achieved first gas from its offshore Cassia C development, its latest milestone in the effort to sustain natural gas flows and LNG cargoes from Trinidad and Tobago. The firm disclosed Tuesday it had transported ashore its first gas volumes from its latest development in the Greater Cassia area more than…