Balances

Record natural gas use by U.S. utilities is tightening supply/demand balances sooner than the market was expecting, setting the stage for natural gas bulls to come charging back, according to BNP Paribas.

Tennessee told Interruptible Storage (IS) customers Tuesday that it was interrupting IS service in Northern Storage facilities because of “high storage balances [and] the need to ensure operational flexibility and to serve higher priority customers.” In addition, the pipeline is requiring that 100% of any IS customer’s balance be withdrawn by Oct. 15. “Because of the amount of time available to complete withdrawals and the quantities of gas involved, customers, at this time, will not be required to withdraw gas at the minimum daily rates,” Tennessee said, adding that such withdrawals cannot be satisfied by transferring the gas to another agreement unless it’s under an FS contract.

Utility websites have been growing their functionality offerings and now more than 70% of them allow customers to check account balances on-line compared to less than 50% in 2005.

Utility websites have been growing their functionality offerings and now more than 70% of them allow customers to check account balances on-line compared to less than 50% in 2005.

After years of tight supply/demand balances, high prices and escalating production costs, the North American natural gas market has fallen into a “permanent shortage” mentality not seen for at least 30 years, but the market is actually showing signs of achievement as it transforms itself once again, Pace Global Energy Services said in a report.

After years of tight supply/demand balances, high prices and escalating production costs, the North American natural gas market has fallen into a “permanent shortage” mentality not seen for at least 30 years, but the market is actually showing signs of achievement as it transforms itself once again, Pace Global Energy Services said in a report.