|

NYMEX Futures Price Soars Again, Up 10.3 Cents to Important $3.85

In yesterday’s MDN post about the spike in the NYMEX futures price for natural gas, MDN told you that traders were targeting the next significant trading target to be $3.84/MMBtu (see Hot Weather Forecast Prompts NYMEX to Close Up 17 Cents @ $3.75). And guess what? We hit it yesterday, closing at $3.851/MMBtu (up 10.3 cents from the prior close). We also told you that traders expect the next important price point to hit after that would be a close of $4.08-$4.12. If we hit that level, what would be next? According to gas traders, the price would likely make a run at $4.46. Wow! Read More “NYMEX Futures Price Soars Again, Up 10.3 Cents to Important $3.85”

| | | | | | |

Bumpy Road Ahead for Williams in Building Constitution, NESE in NY

We previously reported that following some intense conversations between President Trump and New York Governor Kathy Hochul, she caved and according to the White House agreed to allow two long-stalled pipeline projects—the Constitution and the Northeast Supply Enhancement (NESE)—to get built in NY in return for Trump allowing her to continue to sink $5 billion into an offshore wind project (see White House Claims NY Gov. “Caved” on Pipelines, Hochul Says No). Not long after, Williams asked the Federal Energy Regulatory Commission (FERC) to reissue a certificate for the NESE project (see Williams Files Request Asking FERC to Reissue NESE Cert in NY, NJ). However, it’s sure to be a bumpy road for both projects in the so-called Empire State. Read More “Bumpy Road Ahead for Williams in Building Constitution, NESE in NY”

| | | | |

NY Legislature Spits in Face of Natural Gas, No New Connections

It’s not a good look for New York State that not long after Governor Kathy Hochul made a deal with President Trump to allow two natural gas pipelines to get built in return for allowing an offshore wind farm, the state legislature passed a bill that essentially spits in the face of the natural gas industry in the state. The Assembly passed A8888, already approved by the Senate as S8417, which forces new homes and businesses that want to connect to the natural gas line that runs down their street to pay the full cost of connecting—$10,000 or more. Meaning if Gov. Hochul signs it, no new natural gas customers will be added anywhere in the state. It is a de facto ban on connecting new customers to use natural gas in the so-called Empire State. Read More “NY Legislature Spits in Face of Natural Gas, No New Connections”

| |

Permitting Reform Desperately Needed to Build Pipes in Northeast

Permitting reform—shortening the amount of time and eliminating some of the onerous regulations that stand in the way of permitting new energy projects—has been a hot topic for at least the last three years, if not longer. Before leaving the Senate last year, West Virginia’s then-Senator, Joe Manchin, tried to get a bill passed to address permitting reform (see Barrasso, Manchin Release Bipartisan Energy Permitting Reform Bill). It never advanced. Now, President Trump and his team are taking the matter into their own hands. On May 30, the White House announced the Trump administration had launched a Permitting Technology Action Plan. It’s about time. Read More “Permitting Reform Desperately Needed to Build Pipes in Northeast”

| | |

Duke Agrees to Sell Coal-Fired Power Plant if Indiana OKs Gas Plant

Cayuga Station, owned by Duke Energy, is a three-unit coal-fired power plant built between 1970 and 1993 in Vermillion County, Indiana. The existing plant produces as much as 1,040 megawatts (MW) of electricity. Duke recently filed a request with the Indiana Utility Regulatory Commission (IURC) for permission to build two new gas-fired plants at the Cayuga site to replace the coal-fired units (see Duke Energy Files to Build 2 Gas-Fired Power Plants in Indiana). The combined output of the new gas-fired plants will be 1,510 MW. The original plan was to build and commission the gas-fired plants first and then shut down the coal-fired plants. Those plans are changing. Read More “Duke Agrees to Sell Coal-Fired Power Plant if Indiana OKs Gas Plant”

| | | | | | | |

NRG, LS Power Asks FERC to Approve $18B Deal for 12 Gas-Fired Plants

A month ago, NRG Energy announced a deal to acquire LS Power’s portfolio of natural-gas power plants in a deal valued at roughly $12 billion, including debt, that will expand NRG’s footprint in Texas and along the East Coast (see NRG Buys 18 Gas-Fired Power Plants, Including 5 in PA, for $12B). NRG said the acquisition would give it 18 more natural-gas-fired facilities in nine states—including five in Pennsylvania and one in Ohio—doubling its generation capacity to about 25 gigawatts (GW). A potential wrinkle in the deal is that the deal increases NRG’s capacity in the PJM Interconnection from 2.1 GW to 9.5 GW. NRG argues the increase doesn’t give the company undue influence in the PJM grid. It’s certainly not a monopoly on power in PJM, representing roughly 10% of PJM’s average daily output. Read More “NRG, LS Power Asks FERC to Approve $18B Deal for 12 Gas-Fired Plants”

| |

Commonwealth LNG Signs Deal to Sell 1 MTPA to Malaysia’s PETRONAS

Marcellus/Utica molecules may be heading to Malaysia. Commonwealth LNG yesterday identified PETRONAS LNG Ltd., a subsidiary of Malaysia’s national oil and gas company, as the major Asian energy company referenced in the company’s May 5 announcement of a buyer to purchase 1 million tonnes per annum (MTPA) of LNG for 20 years from Commonwealth’s 9.5 MTPA facility under development in Cameron, Louisiana. Commonwealth LNG currently has 4 MTPA of offtake under long-term agreements. The company expects to finalize all of the deals it needs before making a final investment decision (FID) in Q3 2025. The Commonwealth facility targets its first LNG production in 2029. Read More “Commonwealth LNG Signs Deal to Sell 1 MTPA to Malaysia’s PETRONAS”

MDN’s Energy Stories of Interest: Wed, Jun 18, 2025 [FREE ACCESS]

OTHER U.S. REGIONS: Elon Musk’s A.I. company faces lawsuit over gas-burning turbines; NATIONAL: The Senate can do this one thing to ensure U.S. energy dominance; The greatest oxymoron statement of all time is ‘renewable energy’; INTERNATIONAL: Trump threats push crude to 5-month high; Canada’s Trans Mountain Oil Pipeline has a new major buyer—China; Why the future of Canadian energy investments hangs in the balance; Spain’s impossible dream of ‘green’ electricity; ‘Climate grieving’ at UK Centre for Climate Psychology; G7 meets in a carbon-rich paradise to demand less carbon. Read More “MDN’s Energy Stories of Interest: Wed, Jun 18, 2025 [FREE ACCESS]”