West Virginia Pipeline Leak Sends Natural Gas Prices Lower

A disruption on the Mountaineer Xpress Pipeline in West Virginia has affected natural gas prices. The pipeline, operated by Columbia Gas Transmission, a subsidiary of TC Energy, detected a leak at the Saunders Creek Regulator Station in Cabell County on September 24.

The company reduced pressure on Line 100, which runs between the Mt. Olive Compressor Station and Saunders Creek, and estimated that the disruption would affect about 1.8 billion cubic feet per day of firm service.

Natural gas futures were trading near $3.11 per million British thermal units on Monday, down for a second consecutive session, according to IndexBox.