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Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Rains and relatively mild temperatures across much of the eastern half of the Lower 48, along with festering fallout from the coronavirus pandemic, curbed weekly spot gas prices for the June 15-19 period.

June 19, 2020
PG&E Fined Following Guilty Plea for Camp Fire Tragedy

PG&E Fined Following Guilty Plea for Camp Fire Tragedy

After pleading guilty to 84 counts of involuntary manslaughter and another count of starting a deadly fire in Paradise, CA in 2018, the sentencing of Pacific Gas and Electric Co. (PG&E) on Thursday was anticlimactic, with the court only imposing a fine of about $3.4 million. A restitution hearing is scheduled for early next year.

June 19, 2020
Permian Natural Gas Closer to More Mexico Outlets as Mirage Secures Financing

Permian Natural Gas Closer to More Mexico Outlets as Mirage Secures Financing

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 and connect to the planned Permian Basin-to-Gulf Coast Whistler pipeline.

June 19, 2020
Natural Gas Futures Break Even After In-Line Storage Injection

Natural Gas Futures Break Even After In-Line Storage Injection

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

June 19, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

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