Natural Gas News – August 21, 2018

Natural Gas News – August 21, 2018

Midcoast Energy Proposes New Natural Gas Pipeline to Serve US Gulf Coast

S&P Global reported: Private equity backed Midcoast Energy began soliciting shippers Monday for a new natural gas pipeline that will boost its ability to move supplies to the Houston Ship Channel and US Gulf Coast markets. The midstream operator, which was sold by Canada’s Enbridge to ArcLight Capital Partners in May, said it has been seeing substantial volume growth with increased gas production from drillers in East Texas and Louisiana’s Haynesville shale. Midcoast operates a large network of gathering, processing and pipeline assets that comprise its East Texas system. The new CJ Express pipeline, which is expected to start up in mid-2020, will consist of up to 150 miles of 36-inch or larger diameter pipeline, commencing near Carthage in Panola County, Texas and extending south to Midcoast’s Clarity Pipeline in Hardin County, Texas. For more on this story visit spglobal.com or click https://bit.ly/2PsxLJk

North Sea Union Holds Fifth Day of Strikes at Total Oil, Natural Gas Platforms

S&P Global reports: Total confirmed Monday its North Sea production, which feeds the Forties crude stream, had been shut down due to a fifth day of strike action by the Unite trade union. The fields together produce around 70,000 b/d of oil and the main gas producing hub, Elgin-Franklin, produces around 350 MMcf/d. The oil contributes to the UK’s main crude export grade, Forties, exported at Hound Point, and a portion is sent to Petroineos’ Grangemouth refinery. Gas is sent through the SEAL pipeline to Bacton. The 24-hour “stoppage is underway and we have shutdown as a result,” Total said in an emailed comment. The series of 12-hour and 24-hour strikes have been going for a month and with other disputes suggest the North Sea may be entering a period of renewed union activism after several strike-free years during the price downturn. For more on this story visit spglobal.com or click https://bit.ly/2OQH4lc

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Make a Call

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote