Articles tagged Gulf Coast

Natural gas prices at key hubs near the Gulf Coast traded mostly sideways during the first day of bidweek trading on Tuesday. Production moved lower and storage surpluses narrowed, but forecasts pointed to a powerful hurricane impacting the region this week.

Abaxx Technologies Inc. has seen active trading of its physically settled Gulf Coast LNG futures contracts since they were launched June 28 in what the company said is a strong sign of the market’s interest.

Energy Transfer LP and Momentum Midstream LLC have settled a dispute over pipeline crossings in Louisiana, allowing Momentum to proceed with a gathering project to supply Gulf Coast LNG exports.

Commodity trading powerhouse Mercuria said it is investing in Black Bayou Energy Hub LLC, a large-scale underground salt dome natural gas storage project under development in Louisiana’s Cameron and Calcasieu parishes.

Pilot LNG LLC and maritime infrastructure firm Seapath are seeking approval to build their proposed liquefied natural gas bunkering project near Galveston, TX, to meet expected rising demand for low-carbon marine fuel on the Gulf Coast.

The rally continued for natural gas futures through midday Thursday as a leaner-than-expected weekly inventory injection kept bulls on the offensive. 

Kinetik Holdings Inc. entered agreements for around $1 billion to expand its New Mexico operations and footprint in Permian’s Delaware sub-basin.

State-owned Saudi Arabian Oil Co., better known as Aramco, is working to secure LNG supply contracts for global trading as it continues to build on a strategy aimed at moving into the world’s natural gas market. 

Natural gas futures were pushing higher at the front of the curve through midday trading Thursday after the latest government-reported inventory build landed on the leaner side of market expectations.

Natural gas futures continued their winning ways on Monday, advancing for a third straight day amid supply curtailments, improving LNG levels and forecasts for late-May heat.