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
- Israel intensifies Gaza assault, Egyptians revise truce plan |
- Special Report - Where Ukraine's separatists get their weapons
- Analysis - Putin may have passed point of no-return over Ukraine
- Nigeria isolates hospital in Lagos as Obama briefed on Ebola outbreak
- West agrees wider Russia sanctions as Kiev says forces near crash site |