Rockies Express Pipeline LLC (REX) expects to begin service to Clarington, OH, on Nov. 1 on REX-East, provided horizontal directional drilling between Lebanon, OH, and Clarington at Deer Creek goes as planned, which might not happen, REX said late last week.
Northeast Production, Storage Concerns Take Center Stage as Natural Gas Forward Prices Rally
Natural gas forward prices continued to fall at the front of the curve during the trading period ending Wednesday (July 14), pressured by inconsistent summer weather and fluctuating production. However, Northeast markets rebounded as another heat wave drove up regional demand, stalling a more pronounced rebuilding of storage inventories that is needed ahead of the winter, according to
Concerns over supply adequacy were reflected in other regions too, driving small gains at the majority of U.S. pricing hubs further out the forward curve,
Forward Look data showed. Winter prices rose 3.0 cents on average, while summer 2022 prices added an average of 2.0 cents.