Built

Kitimat, just in from the coast in northwestern British Columbia (BC), which has its roots as a company town planned and built in the 1950s by the Aluminum Co. of Canada, is quickly becoming the company town for liquefied natural gas (LNG). Royal Dutch Shell plc on Thursday confirmed that it has purchased an marine import terminal there and now is exploring — with its Asian partners — its potential as an LNG export facility.

Kitimat, a coastal community in northwestern British Columbia (BC), which has its roots as a company town planned and built in the 1950s by the Aluminum Co. of Canada, is quickly becoming the company town for liquefied natural gas (LNG). Royal Dutch Shell plc on Thursday confirmed that it has purchased an marine import terminal there and now is exploring — with its Asian partners — its potential as an LNG export facility.

Somewhat improbably, the cash market built upon Friday’s modest gains, which came amidst mixed price moves, with a fairly strong advance across the board Monday. The return of industrial load from its weekend dip was a minor bullish factor, but otherwise reasons for Monday’s upticks were difficult to discern.

A whopper of a service cost hike is built into TransCanada Corp.’s effort to salvage its foundering natural gas Mainline from Alberta to central Canada and the United States, the National Energy Board (NEB) has been told.

A whopper of a service cost hike is built into TransCanada Corp.’s effort to salvage its foundering natural gas Mainline from Alberta to central Canada and the United States, the National Energy Board (NEB) has been told.

Energy industry leaders, while directly challenging the opposition, called on the more than 1,600 people attending the Shale Gas Insight 2011 conference in Philadelphia Wednesday to help promote a national energy policy that significantly expands the role of natural gas.

A natural gas processing and fractionation plant, which is being built along the Ohio River in Natrium, WV, to serve producers in the Marcellus and Utica shales, is 90% contracted and should be in service by the end of 2012, Dominion said Thursday.

ExxonMobil’s U.S. unconventional natural gas-weighted portfolio, substantially built with the buyout of XTO Energy Inc. last year, now totals 76 Tcfe, which is almost 70% more than the companies recognized at the time of the merger, the investor relations chief said Thursday.

August natural gas futures closed lower Thursday following the weekly government inventory report showing stocks were built at a greater rate than had been anticipated.