Nat Gas News – May 26, 2017

Nat Gas News – May 26, 2017

In the News

TMX Group To Test Natural Gas Transmission With Blockchain-Based Prototype

ETH News reports: TMX Group announced the development of a blockchain-based prototype that enables the transfer of natural gas. The project was the result of a partnership between Natural Gas Exchange (NGX), TMX’s whollyowned subsidiary and a leading North American energy exchange, and Nuco Inc., a digital infrastructure provider. The prototype seeks to improve the tracking of natural gas flow from a variety of delivery locations within the United States. As a result, the NGX natural gas settlement process will be optimized and streamlined as clients will be able to track gas movement across different locations and submit more accurate reports. These features enable the prototype to enhance delivery and payment processing, mitigate risks, and provide secure transaction data. For more on this story visit ethnews.com or click the following link http://bit.ly/2qoCNsz

Targa to Build NGL Pipeline from Permian Basin to Mont Belvieu, Texas

Globe Newswire reports: Targa Resources Corp. announced today plans to construct a new common carrier natural gas liquids pipeline from the Permian Basin. Targa’s NGL pipeline will transport volumes from the Permian Basin, and also from Targa’s North Texas system, to Targa’s fractionation and storage complex in the NGL market hub at Mont Belvieu, Texas. Grand Prix will be supported by Targa’s volumes and other third party customer commitments, and is expected to be in service in the second quarter of 2019. The capacity of the pipeline from the Permian Basin will be approximately 300 thousand barrels per day,. For more on this story visit globenewswire.com or click the following link http://bit.ly/2qXgaQQ

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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