Nat Gas News – May 11, 2017

Nat Gas News – May 11, 2017

In the News

Williams Turns to Trump for Help Approving Delayed Gas Pipeline

Bloomberg reports: A year after New York rejected a key permit for the $925 million Constitution natural gas pipeline, developer Williams Co. is appealing to a higher authority:the White House. Williams and labor unions are pressing President Donald Trump’s administration for a U.S. Army Corps of Engineers permit after the state refused to certify the project, Alan Armstrong, the Tulsa, Oklahoma-based company’s chief executive officer, said Wednesday in an interview at Bloomberg headquarters in New York. The pipeline would link supplies from the Marcellus shale basin, America’s biggest by volume, to markets in the Northeast. Although New York has not issued a water-quality certificate for the pipeline, the Army Corps can issue such permits if the state doesn’t act within a “reasonable” time period, Armstrong said. Williams also supports a broader Trump administration effort to reduce the “regulatory morass” facing pipeline development, he said. For more on this story visit bloomberg.com or click the following link https://bloom.bg/2r2Og2B

U.S. Natural Gas Futures Gain With Weather, Supply In Focus

Seeking Alpha reports: U.S. natural gas futures were higher for the second session in a row on Wednesday, as updated weather forecasting models point to stronger demand for the fuel. Cool conditions are expected to linger over the northeastern U.S. through early next week. Overall, natural gas demand will remain stronger than normal, driven primarily by the cooler than normal northeastern U.S. For more visit seekingalpha.com or click the following link http://bit.ly/2plcxDP

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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