It’s no secret to anybody paying attention to U.S. natural gas markets that Appalachia has long been bedeviled by midstream constraints, often leading to deep gas price discounts. There have been brief respites when new capacity has come online, allowing more gas to flow out, but if you've been reading our blogs and natural gas reports lately, you know we've been sounding the alarm about the growing specter of constraints reemerging. Across the country, the boom in pipeline reversals, greenfield projects, and pipeline expansions that characterized much of the 2010s is pretty much over, with just a couple of approved ... (full story)