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NATGAS
The start-up of long-term shipping contracts on the Mountain Valley Pipeline (MVP) July 1 is already boosting gas transmissions on the new line, further supporting the rebound in Appalachian production, Platts said.
- Flows through MVP’s interconnection to Transcontinental Gas Pipe Line have risen significantly in July.
- Deliveries to the connecting interstate Cherrystone compressor station in Virginia have averaged 990 mcf/d – up from 710 Mcf/d in late June, Platts added.
- Higher utilisation on the MVP is also boosting gas production from the Appalachian Basin.
- Output from the Marcellus and Utica shales jumped to an estimated 35 Bcf/d, the highest level since late Feb.
- Recent production gains come after EQT brings deferred production back online. It had previously announced plans to cut output by 1 bcf/d in response to low prices.
Source: S&P Global Commodity Insights
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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