Supply

In an effort to meet current and future New York City natural gas supply constraints, National Grid is planning to deploy a series of measures to maintain near-term system reliability while mulling over a host of longer-term solutions, a number of which prominently feature liquefied natural gas (LNG).

Heading into an abbreviated week ahead of the Thanksgiving holiday, FERC last Thursday approved a suite of liquefied natural gas (LNG) projects along the Gulf Coast, clearing second wave export terminals to advance and green lighting expansions at existing facilities.

Saudi Arabian Oil Co., aka Saudi Aramco, and Riyadh-based ACWA Power signed a memorandum of understanding last week with the Bangladesh Power Development Board to build a 3,600 MW liquefied natural gas (LNG)-fueled power plant and terminal in the south Asian country.

Long-standing trading patterns at major natural gas hubs in Southeast Texas could be reshaped over the next decade as limitations in pipeline capacity closest to the Houston market arise because of increasing Permian Basin volumes.

A toll cut on TC Energy Corp.’s cross-country Mainline enabled Western Canada natural gas to regain Ontario and Quebec sales last year in competition with Lower 48 supply, according to a Calgary economics agency.

Transcontinental Gas Pipe Line Co. LLC (Transco) said it would move quickly to file yet again for a key permit after New York regulators denied an application for the Northeast Supply Enhancement Project, which is now imperiled by the decision and poised for further delays.

Demand for natural gas will reach an all-time high this winter, and is likely to be matched by record domestic production, according to the Natural Gas Supply Association (NGSA).

November natural gas is set to open 8 cents lower Friday morning at $2.81 as overnight weather data resulted in a large decrease in forecast heating load. Overnight oil markets fell.

Global natural gas markets are well supplied, but the transformation from regional systems to interdependent markets is creating security challenges, including on the U.S. Gulf Coast, the International Energy Agency (IEA) said in an annual assessment.