Transco gas line issues alert due to cold, NY price at 5-yr high
NEW YORK Jan 23 (Reuters) - Williams' Transcontinental Gas Pipeline Co (Transco), a major provider of natural gas to the U.S. Northeast, issued a system-wide operational flow order to its natural gas shippers on Wednesday as cold weather led to significant demand.
In a website posting to customers, Transco said it issued the order to ensure system integrity, manage imbalances on its system and handle within-the-day volatility effective on Thursday.
Gas traders said gas for Thursday delivery on the Transco pipeline at the New York citygate traded as high as $43 early and was at an average price of $37.50, the highest average price for New York tracked by Reuters since a peak at $38 in early January 2008.
- Tweet this
- Share this
- Digg this
- Thousands of South Africans queue to see Mandela lie in state |
- FCA fines Lloyds record 28 million pounds for pushing sales
- China bitcoin arbitrage ends as traders work around capital controls
- Boxing champ Klitschko faces ban on running for Ukraine presidency
- Boos, jeers humiliate South Africa's Zuma at Mandela memorial