Natural Gas News – March 1, 2018

Natural Gas News – March 1, 2018

Federal Energy Regulator Rejects Claims Of Natural Gas Pipeline Withholding In New England

Forbes reported: The Federal Energy Regulatory Commission (FERC) concluded that there was no evidence of anticompetitive withholding of natural gas pipeline capacity in New England as alleged in a white paper published in August 2017 by the Environmental Defense Fund. To investigate the allegations of withholding, FERC staff members conducted an extensive review of both publicly available and non-public data that assessed the veracity of EDF’s claims that natural gas pipeline capacity had been withheld. The review found no evidence of capacity withholding. Instead, the FERC determined that EDF’s study was flawed and led to incorrect conclusions about the alleged withholding. The interstate pipeline system supplying natural gas to New England frequently operates at full capacity, especially during the winter months when natural gas demand for heating rises. Six interstate pipelines serve New England’s gas consumers, but the two biggest pipelines (in terms of capacity) are the Tennessee Gas Pipeline and the Algonquin Gas Transmission pipeline, which collectively account for more than half of the total natural gas supply that can be delivered into New England. For more visit forbes.com or click http://bit.ly/2F6i8Sf

Texas Energy Advocates Eager to Build on 2017 Natural Gas Export Growth

Platts reported: Texas energy boosters urged the Trump administration on Tuesday to strengthen rather than diminish the North American Free Trade Agreement to protect the flow of natural gas exports from the US to Mexico as output is surging due to billions of dollars of investment in the Permian Basin and midstream infrastructure. About $11 billion in taxes and royalties was paid to the state in fiscal 2017, compared with $9.4 billion the previous year, Staples said. For more on this story visit platts.com or click http://bit.ly/2t7Fple

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