Pipelines

The U.S. Energy Information Administration (EIA) reported a pull of 179 Bcf natural gas from storage for the week ended Jan. 7, the largest so far this winter and in line with expectations. Nymex natural gas futures, already down in morning trading following a four-day rally, held deep in the red after the print. Ahead…

A UGI Corp. subsidiary is adding more than 47 miles of natural gas pipeline to its portfolio in Appalachia with the $190 million purchase of midstream assets from Stonehenge Energy Holdings LLC. The deal to acquire Stonehenge Appalachia LLC also includes associated compression assets, along with gathering capacity of 130 MMcf/d, all located in Butler…

Because TC Energy Corp. canceled plans to move forward on the Keystone XL oil pipeline, a federal court declared a lawsuit that challenged President Biden’s authority to revoke the presidential permit as moot. On his first day of office in January 2021, President Biden kept a 2020 election promise to scrap the permit granted by…

Southwest Gas Holdings Inc. has completed its nearly $2 billion acquisition of Dominion Energy Questar Pipeline LLC, a move that activist investor Carl Icahn had attempted to thwart.  Questar and its affiliates, which operate 2,160 miles of FERC-regulated interstate natural gas pipelines in the Rocky Mountain region, is to be rebranded as subsidiary MountainWest Pipelines…

Natural gas futures surged midweek as Old Man Winter appeared ready to ring in the new year. Even with the potential for cold weather to last a couple of weeks, though, the January Nymex futures contract expired 3.1 cents lower at $4.024/MMBtu. The incoming prompt-month February contract settled at $3.850, down 3.5 cents from Tuesday’s…

Pennsylvania’s Department of Environmental Protection (DEP) has cleared the way for Sunoco Pipeline LP to reroute part of its Mariner East natural gas liquids system near Marsh Creek Lake State Park in Chester County, PA. Construction was halted last August when drilling fluids and mud seeped into a part of the lake called Ranger Cove…

Upcoming contract expirations and some wintry weather in the forecast fueled a massive recovery for natural gas futures on Monday. The January Nymex futures contract settled at $4.060/MMBtu, up 32.9 cents from last Thursday’s close. The February contract jumped 31.2 cents to $3.942. Spot gas prices were a mixed bag at the start of the…

Restoration projects for the now canceled Atlantic Coast Pipeline (ACP) and Supply Header Project (SHP), which would have carried 1.5 Bcf/d from Appalachia, are unlikely to cause significant environmental impacts based on the mitigation measures planned, according to FERC. Dominion Energy and joint venture partner Duke Energy last year canceled the 600-mile, 1.5 Bcf/d ACP,…

Although investment in Mexico’s energy sector has slowed, the country’s demand for U.S. natural gas continues to rise, and its gas infrastructure continues to grow, albeit in fits and starts. NGI’s Mexico GPI has compiled a list of five pending projects to watch in 2022: