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Natural gas futures rallied again midweek as sub-freezing temperatures descended into the Lower 48, resulting in a precipitous decline in production from
A showdown that was brewing between FERC and New Jersey Gov.Christine Todd Whitman over the hotly contested MarketLinkexpansion was defused late last week when Chairman James Hoeckerblinked. On Thursday, Hoecker had said the Commission intended toproceed with a vote on MarketLink despite Whitman's threat that thestate would sue if the project was approved. But he did a completeabout-face the following day by pulling the MarketLink,Independence Pipeline and SupplyLink projects from the agenda forTuesday's pre-Thanksgiving meeting. A FERC statement simply saidthe orders wouldn't b...
Roses are red and so were natural gas futures on Friday as selling action continued along the Nymex curve. A steadily warming February forecast proved too
Natural gas futures staged a stunning recovery Monday as one of the major weather models added a huge chunk of demand to the late-February forecast. The
The total capital cost of Phase 2 modernisation is approximately $400mn. (image credit: Enbridge)