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September Natural Gas Rallies as 'Hottest Weather of Summer' Seen for Next Week

September Natural Gas Rallies as 'Hottest Weather of Summer' Seen for Next Week
naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.

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September Natural Gas Prices Back Near $4 as Heat Returns to Forecasts; Permian's Whistler in Service

September Natural Gas Prices Back Near $4 as Heat Returns to Forecasts; Permian's Whistler in Service
naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.

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Texas Investigating Natural Gas Pricing During February Winter Storm

Texas Investigating Natural Gas Pricing During February Winter Storm
The Texas Attorney General’s (AG) Office is expanding its investigation into the massive price spikes that occurred in the natural gas and power markets during the historic winter freeze last month, with the IntercontinentalExchange (ICE) ordered to turn over documents on pricing for the unprecedented week.
“These massive price increases impacted businesses and consumers alike and will have long-term effects on Texas,” said AG Ken Paxton. “Hardworking Texans who pulled together to get their communities through this disaster deserve transparency and justice.”
The civil investigative demand (CID) to ICE requires the exchange to provide documents that sufficiently identify the sellers and purchasers in all relevant trades during the period spanning from Feb. 8 through the delivery date of the CID. ....

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Natural Gas Futures Slip Further as Traders Brush Off Looming Storage Deficits; Cash Mixed

Natural Gas Futures Slip Further as Traders Brush Off Looming Storage Deficits; Cash Mixed
Natural gas futures slipped deeper into the red on Tuesday as supply ramped up following last week’s historic winter storm. Weather models also continued to favor a mostly mild pattern in the weeks ahead, solidifying the move to the downside for the March Nymex contract, which settled 7.4 cents lower day/day at $2.879. April fell 7.9 cents to $2.857.
Spot gas prices also declined again in most areas, although with prices already below $3.000, losses were small other than on the East Coast. NGI’s Spot Gas National Avg. slipped 9.5 cents to $2.775. ....

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Kinder Morgan and Brookfield to sell 25% stake in NGPL

Pipeline operator Kinder Morgan Inc and Brookfield Infrastructure Partners said on Monday they would sell a 25% stake in Natural Gas Pipeline Co (NGPL) to a fund controlled by ArcLight Capital Partners for $830 million. ....

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