Arriving

With milder weather arriving a bit earlier than expected in the South and lows in the lower Northeast not getting much below freezing Friday, cash traders largely ignored the previous day’s advance of 7.6 cents by March futures in sending all but a few locations to generally moderate losses Thursday.

With milder weather arriving a bit earlier than expected in the South and lows in the lower Northeast not getting much below freezing Friday, cash traders largely ignored the previous day’s advance of 7.6 cents by March futures in sending all but a few locations to generally moderate losses Thursday.

Barclays Capital and Excelerate Energy LLC have agreed for Barclays to market Excelerate’s liquefied natural gas (LNG) cargos arriving at its Northeast Gateway deepwater port. Barclays also will provide optimization and hedging services as part of what the firm said is its new Barclays Capital LNG Services division.

The economic slowdown, falling prices and overwhelming onshore production aren’t enough to deter more liquefied natural gas (LNG) from arriving on North American shores beginning this year, an energy consultant said Thursday.

Natural gas futures support from Friday and chilly temperatures arriving in much of the East were enough to propel the cash market to gains at all points on Monday with some points in the Midcontinent and West gaining more than a dollar, while most eastern points recorded additions of 30 to 60 cents.

With spring arriving, the 2008 Pacific Northwest snowmelt — and its impact on power and gas markets — is unusually late this year, according to Bentek Energy LLC. Cool and dry spring weather, combined with available water within the normal range will moderate the impact of seasonal runoff on regional gas and power prices, the consultant said.

With spring arriving, the 2008 Pacific Northwest snowmelt — and its impact on power and gas markets — is unusually late this year, according to Bentek Energy LLC. Cool and dry spring weather, combined with available water within the normal range will moderate the impact of seasonal runoff on regional gas and power prices, the consultant said.

With a cold front arriving in the Midwest and moderate cooling load due to start receding Wednesday along the East Coast, prices fell at nearly all points Tuesday. Although hot weather will continue from the western end of the South through the desert Southwest, conditions are generally mild enough elsewhere that there is little call for gas either for heating or power generation.

The four-month-old Conservative government in Canada sees the long-awaited time for arctic gas to flow as arriving, according to Indian Affairs and Northern Development Minister Jim Prentice, a close associate of Prime Minister Stephen Harper.