Page 38 - Texas Eastern News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In April, exports to Mexico are averaging their highest level on record at over 6.1 Bcf/d. Feedgas deliveries to terminals in Texas and Louisiana, meanwhile, are setting their own record high this month, averaging over 10.5 Bcf/d. As overseas demand for Gulf Coast supply surges, basis prices in East and South Texas have staged a sharp turnaround this month, rising from steep discounts to the Henry Hub in March. At Houston Ship Channel and Katy Hub, cash basis is up 21 cents and 1...

Strong Export Demand Sparks Rally for Natural Gas Futures LNG, Mexican exports fuel gains for natural gas futures Weather seen as moderate through mid-May, but heat looming U.S. West, East coasts post higher cash prices on strong demand Natural gas futures struggled to gain traction early Monday, but continuously strong export demand eventually pushed prices into the green. With options and the May Nymex contract’s expiration looming, the prompt month settled at $2.790, up 6.0 cents from Friday’s close. The June contract picked up 5.6 cents to land at $2.874. Spot gas prices were mixed as...

Natural Gas Futures Prices Start Week on Solid Footing as Exports Still Strong Natural gas futures struggled to gain traction early Monday, but continuously strong export demand eventually pushed prices into the green. With options and the May Nymex contract’s expiration looming, the prompt month settled at $2.790, up 6.0 cents from Friday’s close. The June contract picked up 5.6 cents to land at $2.874. Spot gas prices were mixed as the East and West coasts put up notable gains, while the rest of the country softened. NGI’s Spot Gas National Avg. climbed 3.5 cents to $2.605.  After la...

Low Spring Demand Takes Toll on Weekly Natural Gas Prices; Futures Quiet Too, but Stronger Pricing Looms Picture-perfect weather across the country sank spot gas prices for the April 5-9 week, with markets on the East Coast leading the way with the steepest losses in the Lower 48. NGI’s Weekly Spot Gas National Avg. ultimately fell 15.0 cents week/week to average $2.250. Nymex futures were far less volatile, aside from the start of the week, when the May contract sunk to a year-to-date low after a major warm revision in the April forecast. Driven by mild temperatures in the 50s to 70s acros...

Enbridge upgrading pipelines to move more shale gas to the U.S. Northeast By Sergio Chapa on 4/9/2021 (Bloomberg) --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 cubic feet per day along its Texas Eastern system. In a second pha...