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…
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Alberta E&Ps Shut In Natural Gas, Oil Production as Wildfires Force Evacuations
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,…

After Near-Record Quarter, NGTL Ready to Boost Natural Gas Flows to Northeastern Alberta
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 Eyeing 30% Capex Increase Driven by U.S., Canada, Mexico Natural Gas Pipelines
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…

NGTL’s West Path Gains Permit to Increase U.S. Natural Gas Deliveries
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.…

TC Energy 1Q Natural Gas Flows Strong Despite Coronavirus; Keystone XL Still On Track for 2023 In-Service
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.
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Alberta Budget Sees Western Canadian Gas Price Jumping 21% This Year
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 Secures Approval for Nova Natural Gas Pipe Expansion in Western Canada
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.
TC Energy Invests $1.3B to Unlock Western Canadian NatGas Supply
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.

Western Canada Natural Gas Grappling With Flood of U.S. Supply, Says NGTL
Western Canadian natural gas will continue to face stiff competition from unconventional American production, according to the operator of the supply collection grid in Alberta and British Columbia (BC).