Garrity announced her plan in a speech Tuesday to the natural gas industry group Marcellus Shale Coalition, where she said she envisions “Pennsylvania’s turnaround” powered by natural gas.
The pipeline is expected to play a critical role in supplying natural gas to the Port Arthur LNG Phase 1 facility, which is currently under construction.
Customers can also access additional NGI datasets including North American LNG flow indicators, shale basin pricing, pipeline flow data, and indicative intraday pricing data.
For Peyto, the agreement provides long-term access to international LNG-linked pricing, supporting its strategy to diversify market exposure beyond North American benchmarks.
The milestone announcement of the first non-associated gas production at one of the world’s largest offshore oil developments came during the Baku Energy Week held in Baku.
Front-month gas futures for July delivery on the New York Mercantile Exchange fell 1.2 cents, or 0.4%, to settle at $3.167 per million British thermal units.