Permian Basin natural gas pipeline goes into service, connects to markets on Gulf Coast
Permian Basin natural gas pipeline goes into service, connects to markets on Gulf Coast. A major pipeline to transport natural gas out of the Permian Basin to market went into service at the start of 2021, as the fossil fuel markets continued to show gradual signs of recovery from an historic collapse last spring created by the COVID-19 health crisis. The Permian Highway Pipeline, owned by Kinder Morgan, went into full service on Jan. 1, delivering
natural gas from the Waha Hub on the Texas side of the Permian to Katy, Texas near Houston with connections to the refinery and export markets on the Gulf Coast. The pipeline was in operation for several weeks ahead of full commercial service while capacity was being commissioned by shippers. For more on this story visit currentargus.com.com or https://bit.ly/3hQRaSF
Natural Gas Gains 16% in 2020: Will It Climb Further in 2021?
Natural gas prices rose 4.8% on the last trading day of 2020, notching the biggest annual gain in four years. To be precise, the fuel closed out 2020 with a climb of 15.5% — its best 12-month performance since 2016 — supported by lower U.S. production and strong liquefied natural gas (“LNG”) deliveries. But despite seeing a banner year, there’s a lot of uncertainty surrounding the price trajectory of the commodity in 2021. In this short piece, let’s analyze the natural gas market in 2020 — a year of intense volatility caused by the COVID-19 pandemic — and what could happen in 2021. For more on this story visit nasdaq.com or https://bit.ly/38mQu4x