Double E Natural Gas Pipeline Wants OK to Construct 1.35 Bcf/d Permian-to-Gulf Coast Conduit
The owners of the Double E natural gas pipeline have asked federal regulators for permission to begin construction on the 135-mile Permian Basin conduit.
In a Monday filing, Double E Pipeline LLC asked FERC to approve the start of construction by Friday. The Federal Energy Regulatory Commission authorized the pipeline in October.
Project backer Summit Midstream Partners LP sanctioned Double E in June 2019, with an eye on moving 1.35 Bcf/d from the Permian’s Delaware sub-basin to the Waha hub in West Texas and beyond.
The midstreamer moved forward with the project after securing “sufficient” binding commitments for long-term, firm transportation service. Summit Permian Transmission LLC held an open season for Double E in 2018 to test support for service to various receipt points in New Mexico’s Eddy and Lea counties and the West Texas counties of Loving, Ward, Reeves and Pecos. Fro
Natural Gas Futures Stall as Major Snowstorms Heads Toward East Coast
Natural gas futures pause on fluctuating weather outlooks, lower LNG demand
Adequate supplies seen for remainder of winter despite upcoming cold blasts
Northeast cash rallies again on approaching winter storm
Natural Gas Futures Stall as Major Snowstorms Heads Toward East Coast
Natural gas futures shifted into neutral Tuesday amid some inconsistencies in the weather data and a dip in liquefied natural gas (LNG) demand. After four straight sessions in the green, the January Nymex gas futures contract settled flat on the day at $2.682. February also was nearly unchanged at $2.680.
the natural gas storage report from the EIA for the week ending December 4th indicated that the quantity of natural gas held in underground storage in the US decreased by 91 billion cubic feet to 3,848 billion cubic feet by the end of the week, which left our gas supplies 309 billion cubic feet, or 8.7% higher than the 3,539 billion cubic feet that were in storage on December 4th of last year, and 260 billion cubic feet, or 7.2% above the five-year average of 3,588 billion cubic feet of natural gas that have been in storage as of the 4th of December in recent years..the 91 billion cubic feet that were drawn out of US natural gas storage this week was higher than the average forecast from an S&P Global Platts survey of analysts who expected a 78 billion cubic foot withdrawal, and was also much higher than the average withdrawal of 61 billion cubic feet of natural gas that are typically pulled out of natural gas storage during the same week over the past 5 years, and the 57 billion cub