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Lawmakers in the House of Representatives invoked the Congressional Review Act to repeal three rules enacted during the Obama administration, including the Bureau of Land Management's rules governing flaring and venting of associated natural gas on public and tribal lands.

Traders of physical natural gas for Friday delivery scurried to get their deals done Thursday ahead of the release of Energy Information Administration (EIA) storage figures, and prices inched lower. Prices in the Mid-Atlantic, however, managed gains as near-term weather forecasts called for cooler temperatures going into the weekend. The NGI National Spot Gas Average fell 2 cents to $3.06.

Indianapolis-based utility holding company Citizens Energy Group recently closed the sale of its liquefied natural gas (LNG) supply unit, Kinetrex Energy, to Chicago and Vancouver, BC-based Parallel49 Equity Fund. Terms of the sale were not disclosed.

President Trump signed two presidential memorandums Tuesday to advance construction of the controversial Keystone XL (KXL) and Dakota Access (DAPL) oil pipelines, projects that had been thwarted or delayed by the Obama administration.

Physical natural gas for Wednesday delivery meandered higher in Tuesday's trading amidst near-term temperature forecasts calling for above-normal readings in major energy markets, a directionless next-day power market, and a forecast that late cold will bring end-of-January demand above normal.


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