Before its massive 700 MMcf/d expansion/extension project iseven put in place, Northern Border already is planning to fileanother expansion/extension that would provide shippers with 545MMcf/d of transportation capacity into Indiana markets.
Articles from Before
The May Nymex contract continued its strong charge higher onThursday, reaching a high of $2.605 before ultimately settling up6.1 cents at $2.562. More impressive than the increase, however,was the estimated volume figure. Coming on the heels of Wednesday’shigh trade volume, Thursday saw over 100,000 contracts tradinghands. This leaves little doubt speculators played a role in May’srise yesterday. Even though current Henry Hub prices are 15-20cents lower than that, the current heat wave is waking people up tothe possibility of extreme air conditioning demand this summer, ananalyst told GPI. “The supply/demand balance has been so tight forso long, that his extra demand is highlighting potential problemsthis summer. There are already problems with coal delivery inTexas, and if that continues into the summer, watch out,” he said.
Sources figured it was only a matter of time before this week’swinter storm-related price hikes started to fade, and the time wasThursday. Softening was only slight at most points, however, andseveral registered as flat. The biggest drops of more than a nickeltended to occur in the markets that had seen the biggest increasesearlier in the week, such as Northeast citygates and NorthernNatural-demarc.