Industry News

HGPA news feed

The Natural Gas Industry is constantly growing and changing, so from time to time HGPA and GPA have news that we want to share with our members and the Midstream Community.
 
You can check out our News Releases and updated articles from other internet sources regarding the natural gas industry here on our HGPA News Feed. So check back often and stay up to date! 

Latest Articles

12/14/2018
Williams Dec. 13 reported that the Federal Energy Regulatory Commission (FERC) has issued a certificate of public convenience and necessity authorizing the Gateway Expansion Project—an expansion of the existing Transco natural gas pipeline designed to create 65,000 dekatherms per day of firm transportation capacity for northeastern markets. The Gateway project helps meet growing natural gas demand by consumers in New Jersey and New York in time for the 2020-2021 winter heating season, providing additional natural gas service to PSEG Power LLC (PSEG) and UGI Energy Services LLC. “Natural gas is a critical, low-cost component of the mix of energy sources necessary to meet the region’s growing energy needs and to help meet its aggressive clean air goals,” said Micheal Dunn, COO of Williams. “Energy infrastructure upgrades like our Gateway Expansion project will help ensure consumers continue to benefit from clean, reliable and affordable energy.”
12/14/2018
Lone Star Ports LLC will lead development and operation of a Carlyle Group-backed crude export terminal in Corpus Christi, Texas, that can fully load supertankers, according to a statement from the project leaders on Dec. 14.
12/14/2018
Bulgaria plans to set up a state-owned company by the end of the year to operate a natural gas bourse, with liquidity secured through an agreement with Austria’s natural gas trading hub, its energy minister said on Dec. 14.
12/14/2018
The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Dec. 14.
12/14/2018
Installations of new solar power capacity in the U.S. slowed in the third quarter to their weakest rate since 2015, hit by the Trump administration’s tariffs on imported panels. The cost of solar power has plunged over the past decade, making it highly competitive against fossil fuel generation in many parts of the U.S., and it also often benefits from state mandates. But the pace of development has been dependent on federal government policy, including a tax credit on investment and tariffs on imported panels, which dominate the U.S. market.
12/13/2018
The ethane price spread between the Mont Belvieu, Texas, and Conway, Kan., hubs has narrowed to just over a nickel last week from nearly 23 cents per gallon (gal) in early June. Since its six-week tumble from almost 51 cents/gal in mid-September to 31.5 cents/gal in late October, the Mont Belvieu ethane price has held fairly steady. The average during that six-week span is 31.14 cents/gal, while the past week’s price is 30.38 cents/gal, down 3.65% from last week. But Conway’s price, which suffered a six-week string in the single digits during the summer, averaged 25.3 cents/gal in the past week, its highest level since the tracking week ending June 25, 2014, or nearly 54 months. As recently as 10 weeks ago, the Conway ethane price languished at less than 11 cents/gal. It has soared 135.3% since then and 27.2% in the last two weeks alone during its six-week upward trajectory.
12/13/2018
Mountain Valley Pipeline LLC on Dec. 13 announced a 2018 year-end project update, supporting its targeted fourth-quarter 2019 full in-service date and reaffirming a total Mountain Valley Pipeline (MVP) project cost estimate of $4.6 billion. Mountain Valley expects to have approximately 70% of the MVP project complete by year-end, which includes the welding of nearly 58% of the pipeline and the ongoing construction work of all compressor stations and interconnects that are expected to be complete by February. Most recently, MVP construction crews have been focused on stabilizing the right-of-way for the winter season.
12/13/2018
Polish gas company PGNiG is set to receive a spot cargo of U.S. LNG on Dec. 13 as part of plans to reduce its reliance on Russian imports and to become a bigger player in the LNG market. PGNiG said the Hoegh Gallant tanker with 65,000 tonnes of LNG is nearing the Baltic Sea terminal of Swinoujscje.
12/13/2018
The global oil market could move into deficit sooner than expected, thanks to OPEC’s output agreement with Russia and others and to Canada’s decision to cut supply, the International Energy Agency said on Dec. 13. The Paris-based IEA kept its 2019 forecast for global oil demand growth at 1.4 million barrels per day (MMbbl/d), unchanged from its projection last month, and said it expected growth of 1.3 MMbbl/d this year. Uncertainty over the global economy stemming from U.S.-China trade tensions could undermine oil consumption next year, as growth in supply gathers pace.
12/13/2018
Rep. Bob Goodlatte, outgoing chair of the House of Representatives Judiciary Committee, pressed the Justice Department’s Makan Delrahim on Dec. 12 to support legislation that would make it easier for the U.S. government to sue to stop OPEC members from pushing up oil prices.

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