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Coralconnect.com Adds Weather Forecasts

Coralconnect.com Adds Weather Forecasts

Coral Energy's growing e-business website, coralconnect.com, will use Weathermarkets.com to give its 2,000-plus current users specialized energy weather information. The newest addition to the site will offer North American forecast graphics for heating and cooling degree days, current and forecast surface conditions and winter weather, as well as European degree days, Scandinavian temperature and precipitation information and worldwide sea conditions.

Ian Clark, managing director of WeatherMarkets.com, said the package will enable coralconnect.com users to make decisions based on forecasts for "today out to three months forward," both for heating and cooling degree days and temperature and precipitation. He said the sea conditions forecast will provide "insights and possible shipping delays around the world."

Houston's Coral Energy launched its website in November (see NGI, Nov. 22, 1999), and there now are two basic components, an information area and a transaction area. Coral's Jimmy Fox said that the information area offers prices, weather, news and analysis to about 2,000 current registered users.

The transaction component of coralconnect.com was launched in March (see NGI, April 3). It allows registrants of the site to make term gas deals with Coral and offers Nymex and basis financial transactions.

"We selected Weathermarkets.com because they offer the widest and most useful selection of information for our user community," said Mark Hendrix, CIO of Coral.

Because of the current market volatility in natural gas prices, Fox said the site has seen a lot of activity in the past few weeks. He thinks adding the weather information will add to its usefulness.

"When we designed the site, we created focus groups to give us feedback on what they wanted to see," Fox said. "Weather has always been a very popular feature." But Fox added that the site will continue to be upgraded. More features for the transaction area are planned in the near future, he said.

Carolyn Davis, Houston

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