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Natural Gas Futures, Cash Prices Forge Further Ahead and Notch Third Day of Gains

Natural Gas Futures, Cash Prices Forge Further Ahead and Notch Third Day of Gains

Natural gas futures rallied on Wednesday, extending a week-to-date win streak amid advancing cold in the North, strengthening spot prices and solid LNG demand. At A Glance: Production off 2023 high Colder northern weather Light injection expected The November Nymex gas futures contract gained 3.9 cents day/day and settled at $3.010/MMBtu. December rose 5.4 cents…

October 25, 2023
Natural Gas Futures, Cash Slump as Cooling Demand Outlook Weakens

Natural Gas Futures, Cash Slump as Cooling Demand Outlook Weakens

Natural gas futures and cash prices slumped Wednesday as easing weather-driven demand expectations cooled a market leaning on late-summer heat to whittle away at a healthy supply cushion. At A Glance: Weather models cool for late August Storage surplus seen tightening West markets lead cash decreases Coast-to-coast cash losses saw NGI’s Spot Gas National Avg.…

August 16, 2023
Opal Fuels Sees Heavy-Duty Trucking Bulking RNG Demand

Opal Fuels Sees Heavy-Duty Trucking Bulking RNG Demand

Renewable natural gas (RNG) producer and distributor Opal Fuels Inc. is advancing production projects as “more and more fleets switch over and demand continues to build for RNG as transportation fuel,” co-CEO Adam Comora said during the first quarter update.  Opal, the second-largest U.S. RNG fuel station operator, according to company estimates, is building up…

May 15, 2023
Natural Gas Futures, Spot Prices Slump As Supply/Demand Imbalance Worries Fester

Natural Gas Futures, Spot Prices Slump As Supply/Demand Imbalance Worries Fester

Natural gas futures on Wednesday lost ground for the third time in four sessions, succumbing to spring weather expectations and stout production levels. The April Nymex gas futures contract settled at $2.171/MMBtu, down 17.7 cents day/day. May fell 17.8 cents to $2.307. At A Glance: Front month sheds 17.7 cents day/day Next-day cash prices under…

March 22, 2023
Ruby Pipeline Acquisition Gives Tallgrass Increased West Coast Natural Gas Delivery Options

Ruby Pipeline Acquisition Gives Tallgrass Increased West Coast Natural Gas Delivery Options

With the aim of better serving West Coast natural gas markets, midstreamer Tallgrass said Friday it has agreed to purchase Houston-based Ruby Pipeline LLC, which filed for Chapter 11 bankruptcy in March. Tallgrass said the acquisition of the 1.5 Bcf/d line checks two boxes in the company’s current strategy. In addition to enhancing natural gas…

December 21, 2022
Spire’s Wyoming Natural Gas Storage Expansion Designed to Smooth Out Renewable Volatility

Spire’s Wyoming Natural Gas Storage Expansion Designed to Smooth Out Renewable Volatility

Against the backdrop of rising renewable electric generation and the need for more balancing mechanisms, Spire Energy Inc. is close to completing the first phase of a planned natural gas storage expansion near the Opal Hub in Wyoming. Spire Storage is working to expand capacity to 39 Bcf from 23 Bcf to meet growing demand…

November 21, 2022
Opal Takes Next Step in RNG Expansion; Amp Americas Strikes Two Deals

Opal Takes Next Step in RNG Expansion; Amp Americas Strikes Two Deals

Opal Fuels LLC, which produces and distributes renewable natural gas (RNG) with ambitious expansion plans, said Tuesday it has a joint venture (JV) to develop facilities that would capture landfill methane emissions for conversion to transportation fuels. Opal, which aims to grow production volumes to more than 125 million gasoline gallon equivalents (GGE) in 2024,…

December 15, 2021

Wyoming 53 Bcf Storage Field Returns After Two-Year Hiatus

An Opal Hub underground natural gas storage facility closed by a fire in 2013, Ryckman Creek, reopened at the end of December, the head of the Wyoming Pipeline Authority (WPA) told NGIon Friday.

January 8, 2016

Opal Partial Restart Brings 395 MMcf/d of Capacity Back Online

Williams has brought into service two of five cryogenic processing trains at the Opal, WY, facility that have a combined processing capacity of 395 MMcf/d. Opal had been processing up to 1.1 Bcf/d and supplying up to 1 Bcf/d to interstate pipelines before a fire last week shuttered the facility.

May 1, 2014

Opal Restart Date Unknown Until Full Assessment, Says Williams

A limited number of personnel from Williams Partners LP have entered the damaged natural gas processing facility in Opal, WY, and were working Friday to secure and evaluate operations following an explosion Wednesday that shut off close to 1 Bcf/d of supply to interstate pipelines for almost a day.

April 25, 2014
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