A week of storms that left demand rather limited across the country did little to spark volatility in natural gas forward markets. Prices throughout the curve swung only a few pennies in either direction at the majority of market hubs as temperatures remained rather mild ahead of a coming heat wave that intensified in the latest outlooks, according to NGI’s Forward Look.
Articles from Stratton
Federal regulators on Monday approved the start-up of Texas Eastern Transmission’s (Tetco) portion of the Stratton Ridge Expansion project, which is designed to provide natural gas to the Freeport LNG Development LP export project on the upper Texas coast.
Late last week, the Federal Energy Regulatory Commission issued a certificate for Texas Eastern Transmission LP (Tetco) and Brazoria Interconnector Gas Pipeline LLC to move forward with their Stratton Ridge Expansion Project, designed to increase natural gas delivery capacity into the Texas Gulf Coast.
Two subsidiaries of Spectra Energy Partners LP filed an application with FERC on Friday for the $99.6 million Stratton Ridge Expansion Project, which would deliver 322,000 Dth/d of firm transportation capacity from multiple receipt points in Texas to the Gulf Coast.
With plans to grow its power generation portfolio in the UnitedStates, InterGen, the power generation joint venture of RoyalDutch/Shell Group and Bechtel Enterprise Holdings Inc., closed adeal yesterday giving the international developer a 30% equityinterest in Houston-based Coral Energy, one of the largest naturalgas and power marketers in the country.