Nat Gas News – September 25, 2018
Nat Gas News – September 25, 2018
New Gulf Run Natural Gas Pipeline to Run Through Louisiana to Gulf Coast
Daily Energy Insider reported: A new natural gas pipeline from Northern Louisiana to the Gulf Coast is in development by Enable Midstream Partners. The 165-mile Gulf Run Pipeline will connect U.S. natural gas supplies to liquefied natural gas (LNG) export markets on the Gulf Coast. The project includes an agreement with a cornerstone shipper for a 20-year, 1.1 billion cubic feet per day of capacity firm transportation service. “We are excited about this opportunity to diversify and expand Enable’s transportation footprint to connect directly to U.S. Gulf Coast markets,” Enable Midstream President and CEO Rod Sailor said. “This project is another example of Enable leveraging its existing assets to provide customers with creative and cost-effective market solutions.” For more on this story visit dailyenergyinsider.com or click https://bit.ly/2NGpVOT
Natural Gas Price Forecast – Natural Gas Markets Break Out to Kick Off the Week
FX Empire reported: Natural gas markets broke above the psychologically significant $3.00 level during the day on Monday, showing signs of real strength. We are starting to head into the colder months in the northeastern part of the United States and the seasonality seems to be working for it. Now that it seems apparent that the natural gas markets are not going pull back and give you a better entry price of any significance, you may want to look towards the $3.00 level below as a potential entry point, or better yet the $2.95 level if you get the opportunity. I would not be a seller at this point, at least not until we were to break down below the $2.90 level, and I would keep an eye on the weather reports for the northeastern part of the United States as well as geopolitical issues involving Russia as they supply so much in the way of gas for Europe. Overall though, this tends to be a strong time of year and I think that’s going to continue to be the case. For more on this story visit fxempire.com or click https://bit.ly/2O8OOlO
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