TC Energy Corp. has inked a $1.14 billion agreement to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock Inc. and Morgan Stanley Infrastructure Partners as it pares debt and streamlines its North American pipeline business. The Calgary-based pipeline giant holds 61.7% ownership of PNGTS, a 295-mile, 290 million Dth/d line. Énergir LP subsidiary…
Pngts
Articles from Pngts
Natural Gas Futures Flop Following Production Bump, Mixed Weather Outlook; Cash Prices Climb
Natural gas futures gave up ground Wednesday as traders absorbed reports of increased production, uneven weather-driven demand and the potential to avert a railroad strike. At A Glance: Gas production bounces back Markets mull evolving weather Analysts see storage pull in 80s Bcf The January Nymex natural gas futures contract, a day after edging ahead…
November 30, 2022
Cooler Weather Forecast, Persistently Softer LNG Volumes Send Natural Gas Futures Prices Tumbling
After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…
August 9, 2021
PNGTS Files For Second Phase of Portland XPress Project
Portland Natural Gas Transmission System (PNGTS) has filed at FERC for the second phase of its proposed Portland XPress Project (PXP), which would expand natural gas transportation and import/export capacity on its system in New England by winter 2018/2019.
May 7, 2018
PNGTS Files with FERC for Capacity Expansions
Portland Natural Gas Transmission System (PNGTS) on Friday asked FERC for authorization to expand natural gas transportation and import/export capacity on its system in New England by winter 2018/2019.
April 23, 2018
FERC Approves Increased Import-Export NatGas Capacity in Maine
Portland Natural Gas Transmission System (PNGTS) on Tuesday received FERC approval to increase its import-export capacity in Maine by 32 MMcf/d and capacity on the north segment by 42 MMcf/d.
December 1, 2017
FERC Rejects Portland Gas Transmission’s Creditworthiness Provision
FERC rejected tariff filings by Portland Natural Gas Transmission System (PNGTS) that would have restructured its creditworthiness and financial assurances provisions using a higher present value (PV) calculation than the Northeast pipeline uses in other parts of its tariff.
January 17, 2014
Iroquois, PNGTS Projects Target TransCanada Eastern Mainline Expansion
An open season announced last week by TransCanada Corp. on the eastern leg of its Mainline has prompted two other pipelines to jump on board with complementary eastbound Marcellus Shale-oriented projects of their own.
December 3, 2013
Industry Briefs
Providence Energy subsidiary ProvGas is providing remote systemcontrol and monitoring services for the Portland Natural GasTransmission System (PNGTS) – a new 272-mile pipeline that runsfrom Quebec to Massachusetts. ProvGas began providing 24-hourremote electronic monitoring of the pipeline from its Allens Avenuefacility shortly after the pipeline began operating on March 10.ProvGas will monitor the pipeline using a sophisticated SystemsControl and Data Acquisition (SCADA) system to watch the portion ofthe pipeline that runs from Pittsburgh, NH, on the Quebec border,to Westbrook, ME. The line can transport 178 MMcf/d of gas.
May 14, 1999
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