Page 20 - Texas Eastern News Today

Enbridge seeks to get more gas to energy-hungry U.S. Northeast Sergio Chapa, Bloomberg News VIDEO SIGN OUT Enbridge Inc. is moving forward with upgrades to its pipeline network serving the northeastern U.S. to ship more shale gas from the prolific Appalachian Basin as opposition to new conduits mounts in the region. The Canadian company’s plan includes a connection to a UGI Utilities facility in Pennsylvania and compression boosts that will allow it to move an additional 18 million...

Milder Weather, Returning Supply Pave Way for More Natural Gas Price Declines Natural gas futures continue to retreat on post-storm recovery Production, LNG still well off pre-freeze levels Cash prices fall further; most locations back below $3 Natural gas futures crashed on Monday as production appeared to be making a quick recovery from the unrivaled Arctic blast that rocked the energy industry last week. Warming weather models also provided a headwind to prices, with the March Nymex gas futu...

Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in Minnesota but the CEO of owner Enbridge Inc. says the project is on track to start delivering "lots of free cash flow" by late this year.

Operator Welcome to the Enbridge Inc.s fourth-quarter 2020 financial results conference call. My name is Jonathan, and I will be your operator for todays call. [Operator instructions] Please note that this conference is being recorded. I would now like to turn the call over to Jonathan Morgan, vice president of investor relations. Jonathan, you may begin. Vice President of Investor Relations Thank you. Good morning, and welcome to the Enbridge Inc. fourth-quarter 2020 earnings call. Joining me ...

CALGARY - Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in

Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in Minnesota, but the CEO of Enbridge Inc. says the project is on track to start delivering "lots of free cash flow" by late this year.

Polar Plunge Fuels Dollar-Plus Gains for Northeast Weekly Natural Gas Prices Buoyed by expectations for the lowest temperatures of the winter season so far, natural gas spot prices rocketed sharply higher during the first week of February. The Northeast’s reputation for extreme volatility was on full display as prices soared beyond $15.000 in some locations. NGI Weekly Spot Gas National Avg. surged 47.5 cents to $3.570. The National Weather Service (NWS) said the low pressure system tracking ...

Polar Vortex Drives Massive Gains for Natural Gas Forwards, but Rally Loses Momentum Massive snowstorms and intensifying frigid air in the coming weeks amped up the gains for natural gas forwards in the final days of January into early February. March prices averaged 19.0 cents higher for the period, while solid export demand seen this summer (April-October) lifted the strip an average 8.0 cents, according to Smaller increases were seen for next winter (November 2021-March 2022), but prices we...

March Natural Gas Prices Close in on $3.00 amid Shrinking Storage, More Frigid Weather Outlook Natural gas futures stage huge comeback as weather models get even colder EIA storage figure shows quickly evaporating storage surplus Most U.S. cash markets recover, but Northeast prices crumble Natural gas traders appeared to have a bit of sellers’ remorse on Thursday, quickly sending futures prices higher after an initial dip ahead of the latest government storage report. After slipping to a $2.7...

Despite retirement of 131.8 GW of coal-fired generation capacity since 2010, about 225.3 GW of such capacity remains operating today, led by Texas, Indiana and West Virginia, and replacing that capacity with low- or no-carbon alternatives by 2050 would likely coincide with declining wholesale power prices, industry observers say. Since 2010, almost 8.5 GW of ...