Ballooning

With dry gas supplies ballooning, it’s probably a good thing that the industry grew demonstrated peak working capacity in underground storage caverns last year, according to the Energy Information Administration (EIA). From April 2011 to April 2012, Lower 48 state capacity increased 3%, or 136 Bcf, to 4,239 Bcf, according to a new EIA report.

U.S. net imports of natural gas fell 25% last year in the face of pushback from ballooning domestic supplies, thanks to the output of shale plays, the Energy Information Administration (EIA) said.

U.S. net imports of natural gas fell 25% last year in the face of pushback from ballooning domestic supplies, thanks to the output of shale plays, the Energy Information Administration (EIA) said.

Citing rising project costs, Duke Energy subsidiary Algonquin Gas Transmission Co. last Monday withdrew its FERC application to build a lateral extension to supply natural gas to Boston and surrounding communities.

Citing rising project costs, Duke Energy subsidiary Algonquin Gas Transmission Co. on Monday withdrew its FERC application to build a lateral extension to supply natural gas to Boston and surrounding communities.