PHMSA Proposes LNG Plant Rule Rewrite
Published . Updated .
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The Pipeline and Hazardous Materials Safety Administration proposed Nov. 3 to rebuild its LNG facility rules around the 2026 edition of NFPA 59A, projecting about $98 million a year in savings.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-16.0% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- AMLP Alerian MLP ETF-1.7% 30d
Alerian MLP ETF: it holds pipeline operators. Linked by “pipeline” (pipelines) in this story.
- LNG Cheniere Energy+13.7% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- EQT Eqt+7.8% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- KMI Kinder Morgan
Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- WMB The Williams Companies
The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- NFG National Fuel Gas-1.7% 30d
National Fuel Gas (natural gas distribution): pipeline operators earn fees on the oil and gas they move. Linked by “pipeline” (pipelines) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | -1.02% | -2.91% | base | after close | after close | after close | after close |
| XLE | +8.14% | +5.85% | base | after close | after close | after close | after close |
| AMLPNo price data for this ticker | — | — | — | — | — | — | — |
| LNG | +9.22% | +6.72% | base | after close | after close | after close | after close |
| EQT | +3.85% | +4.42% | base | after close | after close | after close | after close |
| KMI | +7.75% | +3.81% | base | after close | after close | after close | after close |
| WMB | +10.31% | +4.88% | base | after close | after close | after close | after close |
| NFG | +3.71% | +4.12% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
PHMSA Proposes LNG Plant Rule Rewrite Environmental Leader
Source: Environmental Leader
United States Natural Gas Fund (UNG) since “PHMSA Proposes LNG Plant Rule Rewrite,” compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Eqt (EQT) | three days earlier | +4.42% | final price |
| Eqt (EQT) | five days earlier | +3.85% | final price |
| Kinder Morgan (KMI) | three days earlier | +3.81% | final price |
| Kinder Morgan (KMI) | five days earlier | +7.75% | final price |
| Cheniere Energy (LNG) | three days earlier | +6.72% | final price |
| Cheniere Energy (LNG) | five days earlier | +9.22% | final price |
| NFG | three days earlier | +4.12% | final price |
| NFG | five days earlier | +3.71% | final price |
| United States Natural Gas Fund (UNG) | three days earlier | -2.91% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -1.02% | final price |
| Williams Companies (WMB) | three days earlier | +4.88% | final price |
| Williams Companies (WMB) | five days earlier | +10.31% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +5.85% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +8.14% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Eqt (EQT), worth $1,001 - $15,000 on 17 Aug 2026. That is 79 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 82 days before publication. Filed 14 Oct 2026. View the filing.
- Sen. Alan Armstrong sold Williams Companies (WMB) (jointly held), worth $250,001 - $500,000 on 8 Sep 2026. That is 57 days before publication. Filed 22 Oct 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $15,001 - $50,000 on 20 Aug 2026. That is 76 days before publication. Filed 17 Sep 2026. View the filing.
- Sen. Alan Armstrong bought Williams Companies (WMB) (jointly held), worth $1,001 - $15,000 on 19 Aug 2026. That is 77 days before publication. Filed 17 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who is named in “PHMSA Proposes LNG Plant Rule Rewrite”
Companies mentioned with this story
- UNG United States Natural Gas Fund
United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “PHMSA Proposes LNG Plant Rule Rewrite.” Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- XLE Select Sector Spdr Tr
In “PHMSA Proposes LNG Plant Rule Rewrite,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
- LNG Cheniere Energy
Cheniere Energy (LNG) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “PHMSA Proposes LNG Plant Rule Rewrite.” Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
- EQT Eqt
In “PHMSA Proposes LNG Plant Rule Rewrite,” Eqt (EQT) is linked, with no stored direction, medium confidence. Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
- KMI Kinder Morgan
In “PHMSA Proposes LNG Plant Rule Rewrite,” Kinder Morgan (KMI) is linked, with no stored direction, medium confidence. Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
- WMB Williams Companies
For “PHMSA Proposes LNG Plant Rule Rewrite,” Williams Companies (WMB) is linked, with no stored direction, medium confidence. Reason on file: The Williams Companies (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story
United States Natural Gas Fund (UNG) and the energy link
“PHMSA Proposes LNG Plant Rule Rewrite” (4 Nov 2026) reaches United States Natural Gas Fund (UNG) through Energy.
What ties United States Natural Gas Fund (UNG) to the headline is this: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story
Dates in the story, and the United States Natural Gas Fund (UNG) price range
LNG traded between 270.98 and 330.66 across 20 sessions. The latest close on file is 311.13. UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.12. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
How solid “PHMSA Proposes LNG Plant Rule Rewrite” looks
46 out of 100
“PHMSA Proposes LNG Plant Rule Rewrite” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.