New York State’s Department of Environmental Conservation has urged U.S. federal regulators to reject efforts to revive the long-stalled Constitution natural gas pipeline project from Pennsylvania to New York, led by Williams Cos. The filing with the Federal Energy Regulatory Commission challenges a bid to restore a previously canceled permit, adding another layer of regulatory uncertainty for future midstream expansions in the Northeast. The dispute underscores ongoing policy and permitting headwinds that could constrain regional pipeline capacity and influence fundamentals for U.S. natural gas markets, including benchmark Natural Gas (CM:NG).
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Over the past month, CM:NG has advanced about 21%, reflecting a combination of weather-driven demand expectations and lingering concerns around supply and infrastructure constraints in key producing and consuming regions. From a short-term trading perspective, the 1-day technical analysis for CM:NG currently points to a Buy signal, indicating that momentum and near-term trend indicators remain constructive despite ongoing regulatory friction around pipeline buildouts. Investors can explore more updates, prices, and analysis across global markets at Commodities.