Tagged *OilPrice.com Daily News Update*

Rover Gas Pipeline Gets Phase 1A Approval

The Federal Energy Regulatory Commission has given the go-ahead to the Rover natural gas pipeline project’s Phase 1A, which will transport gas from Cadiz to the Midwest Hub, near Defiance in Ohio. The hub will serve as a distribution center for 68 percent of the gas Rover transports across the States. The US$4.2-billion pipeline, still…

Goldman Lost $100M On Marcellus Natural Gas Bet

When construction on a key pipeline to transport Marcellus shale natural gas was delayed, Goldman Sachs lost more than US$100 million on a bet that Marcellus gas prices in the Marcellus shale would rise as takeaway pipeline capacity increased, The Wall Street Journal reports, citing people familiar with the trade. In the second quarter, Goldman…

Tight Supply Boosts Natural Gas Prices In 2017

A year ago, most analysts were bearish about natural gas prices. I wrote that natural gas prices might double and they did. Today, most analysts are again bearish about gas prices and again, I think that they are probably wrong at least for 2017. The mainstream narrative is that new pipeline capacity—notably the Rover Pipeline—out…

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