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Nexus announces partial startup of service

Highlights

Upstream receipt, downstream delivery limited until Nov. 1

DTE, Vector leases to push Appalachian gas deep into Midwest

Denver — Nexus Gas Transmission on Friday said it was ready to begin accepting timely nominations for gas transmission starting Saturday, October 13.

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The pipeline will begin a limited service from its Texas Eastern Appalachian Lease facilities in Monroe County, Ohio, extending to its interconnection with DTE Energy's intrastate system in Ypsilanti, Michigan.

Full upstream service from Nexus' TEAL facilities, along with downstream deliveries within DTE's system and on Vector Pipeline will begin with nominations from November 1, according to a customer notice.

An authorization issued by the US Federal Energy Regulatory Commission Wednesday allows Nexus to flow up to 967 MMcf/d. While the pipeline has a designed capacity of 1.5 Bcf/d, its currently contracted capacity totals just 885 MMcf/d, held by a mix of utilities, end-users and producers. With the execution of its 1.15 Bcf/d lease on DTE Gas and 455 MMcf/d lease on Vector, Nexus will have significant optionality to move southwestern Appalachian production to various delivery points across southeastern Michigan into the Dawn Hub in Ontario.

As the volume of Appalachian gas delivered to Vector continues to rise in the coming months, S&P Global Platts Analytics expects Nexus could end up delivering gas deep into the Midwest market, including Chicago-area delivery points such as Guardian, NIPSCO and Peoples.

For 2019, forwards markets are pricing-in significant weakening at Midwest hubs, reflecting the anticipated boost in Appalachian gas supply from recent greenfield project completions such as Nexus and Rover Pipeline. At Chicago city-gates, for example, the summer-2019 strip is now trading at a more than a 30 cent/MMBtu discount to the benchmark, which is down about 20 cents/MMBtu compared with this past summer.

-- J. Robinson, jrobinson@spglobal.com

-- Eric Brooks, ebrooks@spglobal.com

-- Edited by Richard Rubin, newsdesk@spglobal.com