BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Natural Gas

Algonquin natural gas pipeline in US Northeast delays significant Apr 4 maintenance

Natural Gas | Oil

Mexico Energy Reform

Natural Gas | Oil

Platts Wellscape P2P

Asia Pacific Petroleum (APPEC)

Electric Power | Natural Gas

Factbox: US FERC actions on natural gas infrastructure

Algonquin natural gas pipeline in US Northeast delays significant Apr 4 maintenance

Just hours before significant capacity-reducing maintenance was supposed to take effect Wednesday, Algonquin Gas Transmission issued a notice delaying the pipeline maintenance, without citing a reason for the delay.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The announcement put some bearish pressure on AGT city-gates spot prices, which fell over 50 cents to trade at around $6.66/MMBtu on the Intercontinental Exchange.

Spot prices elsewhere in the region continued what has been a multi-day rally.

The delay also put pressure on balance-of-the-month contracts, with AGT balmo basis shedding over 55 cents to trade at plus $1.811/MMBtu.

AGT, the main artery for gas flowing into New England, regularly conducts maintenance throughout the summer months, leading to varying capacity reductions across the pipeline.

The largest of 2018's reductions were originally scheduled to begin Wednesday April 4, extend through April 18 and reduce capacity through the Stony Point compressor to 690 MMC/d, well below the average 1.8 Bcf/d of flows it saw through March.

Expectations for significant constraints drove AGT city-gates index prices to their highest level since 2014 during bidweek trading, with the AGT April cash basis settling $1.449/MMBtu ahead of Henry Hub.

The maintenance was rescheduled to begin April 10 late Tuesday evening. Until then, capacity through the station will be reduced to 1.4 Bcf/d.

The delay may be attributable to an incoming wave of cold weather, with the most recent forecasts projecting demand over the coming seven days to average 21.3 Bcf/d, more than 3.6 Bcf/d greater than projections for the same period just five days ago, S&P Global Platts Analytics data shows.

--Samer Mosis, samer.mosis@splgobal.com
--Edited by Maurice Geller, maurice.geller@spglobal.com