U.S. Natural Gas Futures Advance on Enterprise Pipeline Delay

U.S. natural gas rose to the highest since December 2005 after Enterprise Products Partners LP delayed resumption of a pipeline.

Natural gas for June delivery rose as much as 37.2 cents, or 3.3 percent, to $11.794 per million British thermal units in electronic trading on the New York Mercantile Exchange. The contract traded at $11.705 at 8:37 a.m. London time. Futures gained 56 percent so far this year.

Enterprise yesterday delayed the start of its Independence Trail natural gas pipeline in the Gulf of Mexico to the first half of June, a month later than planned. At full production, the link accounts for 2 percent of U.S. ... Read full article