Ngtl

Natural gas futures found further momentum on Monday, rallying a second consecutive session amid bargain buying, hints of a potential pullback in U.S. production and wildfires that interrupted output in Canada and boosted cash markets. At A Glance: Wildfires crimp Canadian output U.S. rig count hints at slowdown Cooling demand further softens The June Nymex…

An estimated 150,000 boe/d of natural gas and oil production was offline and thousands of residents had been evacuated early Monday as Western and Central Alberta dealt with more than 100 wildfires, with as many as 30 considered out of control. “We note that there has yet to be reports of significant damage to infrastructure,…

Nova Gas Transmission Ltd. (NGTL) is days away from ramping up natural gas flows as operators work to bring fully online an extension of the 15,305-mile Canadian pipeline. TC Energy Corp.’s Minh Badau, commercial operations spokesperson, told NGI that the pipeline operator is in a “day-to-day assessment” of when it can safely bring online the…

TC Energy Corp. is forecasting a roughly 30% year/year increase in capital expenditures (capex) this year, with the lion’s share allocated for natural gas pipeline expansions in the United States, Canada and Mexico. Calgary-based TC, which reports in Canadian currency (C$1.00/US 75 cents), has set a capital budget of $11.5-12 billion for 2023, up from…

After a 19-month regulatory case that generated a 293-page decision, approval has been recommended for the first Canadian pipeline project reviewed under rules enacted by the federal government in its 2019 Impact Assessment Act. The Canada Energy Regulator (CER) tacked 34 conditions and two national policy suggestions onto the recommended permit for TC Energy Corp.…

Natural gas flows on TC Energy Corp.’s North American pipelines were largely unaffected by the Covid-19 pandemic during the first quarter, management said Friday.

Western Canadian natural gas will keep a price gain this year that a pipeline delivery rule change achieved last fall, the top producer province is predicting.

TC Energy Corp. on Wednesday got a green light from Canadian regulators to advance an expansion of Nova Gas Transmission Ltd. (NGTL), allowing more natural gas supply to be moved from the Montney, Duvernay and Deep Basin formations.

Western Canadian production would gain a route to liquefied natural gas (LNG) export terminals on the Gulf Coast from a pipeline expansion announced Thursday by TC Energy Corp.