U.S. natural gas prices fell over 2% to $3.62/MMBtu after the EIA reported a larger-than-expected storage build of 122 Bcf for the week ending May 30. This marks the seventh straight week of above-average injections, pushing inventories 4.7% above the five-year average and signaling shifting supply-demand dynamics in the energy market.
Tennessee Gas Pipeline Company, L.L.C. has placed the final segment of its Evangeline Pass Expansion Project into service, following FERC approval on May 29, 2025. The 4-mile loop in Plaquemines Parish, Louisiana, completes a multi-phase project designed to deliver up to 1.1 million dekatherms per day of natural gas to the Venture Global Plaquemines LNG Terminal. With this milestone, the project is now fully operational, enhancing U.S. LNG export capacity and strengthening energy infrastructure along the Gulf Coast.
U.S. natural gas storage rose by 101 Bcf last week, according to the EIA, pushing inventories to 2,476 Bcf. Despite the build, futures slipped to $3.50/MMBtu as LNG feedgas demand weakened due to ongoing maintenance at key export terminals. With warmer weather on the horizon, markets remain focused on the evolving supply-demand balance heading into summer.
Texas Eastern Transmission has filed its Appalachia to Market III (A2M III) Project with FERC, aiming to expand and modernize natural gas infrastructure in the Northeast U.S. Building on the success of the original Appalachia to Market and A2M II projects, A2M III includes 2.0 miles of new 36-inch pipeline and compressor station upgrades to support reliable energy delivery ahead of the 2027/2028 winter season.
Tennessee Gas Pipeline Co. requests final in-service authorization from FERC for its Evangeline Pass Expansion Project.
