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GlobeNewswire 06/01/2020 18:02
CALGARY, Alberta, June 01, 2020 (GLOBE NEWSWIRE) -- Maxim Power Corp. (" MAXIM " or the " Corporation ") (TSX: MXG) announces it has successfully commissioned its 204 MW natural gas-fired power plant (“M2”) located near Grande Cache, Alberta. M2 began generating electricity to the Alberta power grid on May 8, 2020 during commissioning and successfully demonstrated its maximum generating capacity and environmental compliance during this final phase of construction. 06/01/2020 15:50
U.S. natural gas futures fell over 4% on. Monday as liquefied natural gas (LNG) exports continued to drop. with record low gas prices in Europe and Asia. The price decline came despite forecasts for warmer U.S. weather and higher air conditioning demand over the next two. weeks than previously expected. Front-month gas futures for July delivery fell 7.5. cents, 4.1%, to settle at $1.774 per million British thermal. units. Data provider Refinitiv said gas output in the U.S. Lower 48. states was on track to fall to 87.6 billion cubic feet per day. (bcfd) on the first day of June, down from a one-year low of. 89.3 bcfd in May and an all-time monthly high of 95.4 bcfd in. November. With warmer weather coming, Refinitiv projected demand,. including export.

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