Pipelines

FERC’s approval of policy statements last month to guide how future natural gas and liquefied natural gas (LNG) infrastructure are approved came to a head on Thursday under scrutiny by the Senate Energy and Natural Gas Resources Committee. Chaired by Sen. Joe Manchin (D-WV), all five members of the Federal Energy Regulatory Commission were quizzed…

In the first revisions to natural gas policy in more than two decades, FERC on Thursday issued policy statements to guide how future natural gas and liquefied natural gas (LNG) infrastructure is approved, including an interim greenhouse gas (GHG) policy to ensure the “legal durability” of its decisions. The policy statements provide an analytical framework…

Enbridge Inc. has sanctioned two separate U.S. natural gas projects for its Texas Eastern Transmission system, aka Tetco, to replace aging equipment and to expand Appalachia capacity to the Northeast. The expansions were announced during the fourth quarter conference call led by CEO Al Monaco. The volatile global energy markets, he told investors, can be…

The sponsors of Mountain Valley Pipeline (MVP) are evaluating what comes next for the beleaguered natural gas project after a federal appeals court on Wednesday vacated its Endangered Species Act (ESA) authorizations and further setback construction.  The U.S. Court of Appeals for the Fourth Circuit invalidated MVP’s Biological Opinion and Incidental Take Statement, sending them…

Targa Resources Corp. said it has agreed to sell its 25% equity stake in the Gulf Coast Express Pipeline (GCX) for $857 million. Houston-based Targa said it expects to receive full proceeds in the second quarter. The independent midstreamer did not disclose the buyer or provide additional details. Targa in 2021 had emphasized efforts to…

The Pennsylvania Attorney General’s (AG) office has filed nine counts of environmental crimes against a subsidiary of Energy Transfer LP for its alleged failure to properly oversee construction of the Revolution Pipeline, which ruptured and exploded in 2018. AG Josh Shapiro said a statewide grand jury investigation found that ETC Northeast Pipeline LLC allegedly ignored…

Natural gas futures were volatile Tuesday given continued noise in the weather models, soft production and near-record export demand. After falling to a $3.889/MMBtu intraday low, the February Nymex gas futures contract popped at midday and settled at $4.052, up 2.6 cents from Monday’s close. March climbed 1.9 cents to $3.894. Spot gas prices were…

Natural gas futures were sluggish to start the week as weather models came into agreement in showing a lack of continued frigid weather into early February. Though production remains off recent highs and export demand continues to be near record levels, the February Nymex gas futures contract on Monday settled at $4.027/MMBtu, up only 2.8…

Mexican state power utility Comisión Federal de Electricidad (CFE) is seeking private sector firms to build new natural gas infrastructure and utilize capacity on its existing pipelines, executives said Wednesday. Speaking at Industry Exchange LLC’s 7th Mexico Infrastructure Projects Forum in Monterrey, Nuevo León, CFE Internacional (CFEi) operations director Carmen Serdán and CFEnergía operations director…