Blow

A federal judge in Baltimore dealt AES Corp.’s proposed liquefied natural gas (LNG) terminal another blow last Friday, upholding Baltimore County’s zoning amendment that bans the construction of LNG facilities in certain Chesapeake Bay coastal areas.

The bullish natural gas futures case suffered yet another bearish fundamental body blow on Thursday as the Energy Information Administration (EIA) reported that 110 Bcf was injected into underground storage for the week ended June 1. While July natural gas futures bulls put up a good fight in morning trade, the contract ended up dropping 25.5 cents Thursday to close at $7.825.

The U.S. Coast Guard has delivered another blow to the embattled Weaver’s Cove Energy liquefied natural gas (LNG) terminal project, saying its proposal to use smaller LNG tankers was incompatible with the waterway near the proposed site in Fall River, MA.

The U.S. Coast Guard delivered another blow last week to the embattled Weaver’s Cove Energy liquefied natural gas (LNG) terminal project, saying its proposal to use smaller LNG tankers was incompatible with the waterway near the proposed site in Fall River, MA.

After trading lower in the overnight session, June natural gas bulls were dealt another small blow Thursday morning as the Energy Information Administration (EIA) reported that a healthy 87 Bcf was injected into underground storage for the week ended April 27. However, the horns were showing again in the afternoon as the prompt month recorded an $8 high before closing at $7.947, up 21.7 cents from Wednesday.

The House last Thursday passed by a wide margin energy legislation (HR 6) that is a major blow to traditional oil and natural gas producers, but a significant boon to makers of renewable and alternative energy fuels. A key Senate energy panel, meanwhile, took its first look at problems with the royalty-collection practices in the Gulf of Mexico.

The House Thursday passed by a wide margin energy legislation (HR 6) that is a major blow to traditional oil and natural gas producers, but a significant boon to makers of renewable and alternative energy fuels. A key Senate energy panel, meanwhile, took its first look at problems with the royalty-collection practices in the Gulf of Mexico.

A major transportation constraint starting Thursday dealt a staggering blow to several Rockies points Wednesday, where some quotes dropped below $3 for the first time in more than three years. That was the weakest part of a down market in which prices fell across the board in deference to light weather-based demand, a prior-day screen drop of nearly a dime and highly bearish expectations of a big storage build last week, with some estimates approaching 100 Bcf.

As one time Tropical Storm Chris weakened to a tropical depression on Friday, the 2006 Atlantic hurricane season was dealt an additional blow the day before as respected hurricane forecasters William Gray and Philip Klotzbach of the Colorado State University (CSU) hurricane forecast team issued a report reducing the number of storms expected in the basin this season.