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Eastern Weakness Leads Broad Decline; Futures Retreat

The physical market answered Tuesday futures double-digit decline with an overall tumble on average of 9 cents Wednesday as the screen continued to drop and weather forecasts moderated. Northeast points were particularly hard hit as spot power prices plunged. At the close of futures trading July had shed 6.7 cents to $2.418 and August was down by 6.9 cents to $2.471. July crude oil suffered a $2.94 loss to $87.82/bbl.

May 31, 2012

Kasich Tax Proposal Finds Support in Ohio Poll

New taxes on companies drilling for natural gas and oil in Ohio have the support of a majority of the state’s voters — especially if the resulting revenue would be spent to cut income taxes for residents — according to the results of a recent Quinnipiac University poll.

May 14, 2012

Vote Postponed as Shale Gas Debate Heats Up in New Brunswick

The debate in New Brunswick over shale gas development in the emerging Frederick Brook Shale continued to escalate Thursday, with politicians on opposing sides of the issue trading barbs and setting the stage for a showdown this week in the Legislative Assembly.

December 6, 2011

Williams Exec: Marcellus ‘Tough’ Place to Build Infrastructure

Marcellus Shale production is strong and activity is high, but because it’s a “tough environment to construct in,” Williams plans to reduce its capital spending in the play through the rest of this year, an executive said Tuesday.

August 10, 2011

Traders Unsure What to Make of 89 Bcf Storage Pull

Following the market’s recent tradition of following a large spike with a similar collapse a day or two later, January natural gas futures answered Wednesday’s 21.3-cent jump with a 17.1-cent drop Thursday to close at $4.435.

December 10, 2010

Alaska Senator Has AGIA Regrets, Pipeline Worries

With only one official North Slope gasline proposal to consider and many questions yet to be answered, at least one Alaska lawmaker is losing faith in the Alaska Gasline Inducement Act (AGIA) process, he told NGI last week.

January 28, 2008

Alaska Senator Worries AGIA Process Was A Mistake

With only one official North Slope gasline proposal to consider and many questions yet to be answered, at least one Alaska lawmaker is losing faith in the Alaska Gasline Inducement Act (AGIA) process.

January 28, 2008

Last Week’s Heat Limits Storage Injection to 42 Bcf; Futures Rally

The question of “How hot is it?” was answered on Thursday morning as the Energy Information Administration (EIA) reported that only 42 Bcf made it into underground storage for the week ended Aug. 3. The bullish number helped launch September natural gas futures more than 30 cents higher in morning trade. The contract ended up closing at $6.586, up 36.6 cents on the day.

August 10, 2007

Steel-Lined Storage Considered for Northeast

The Northeast’s hunger for gas storage could be answered by anew high-deliverability rock cavern technology being developed inSweden. A consortium of U.S. and European companies areparticipating in a project to develop lined rock cavern (LRC)technology. LRC performance is said to be similar to that of saltcavern storage, but it can be located in areas where salt is notgeologically present. The consortium is made up of New York StateElectric & Gas Corp. (NYSEG) and the European companies Gaz deFrance and Sydkraft of Sweden.

July 12, 1999

Steel-Lined Storage Considered for Northeast

The Northeast’s hunger for gas storage could be answered by anew high-deliverability cavern technology being developed inSweden. A consortium of U.S. and European companies areparticipating in a project to develop lined rock cavern (LRC)technology. LRC performance is said to be similar to that of saltcavern storage, but it can be located in areas where salt is notgeologically present. The consortium is made up of New York StateElectric & Gas Corp. (NYSEG) and the European companies Gaz deFrance and Sydkraft of Sweden.

July 8, 1999
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