Carve

November natural gas futures managed to carve out a modest gain Wednesday as traders were expecting a bounce from Tuesday’s losses and brokers were locking in Rocky Mountain basis and buying protective put options.

Excelerate Energy’s niche in the natural gas supply chain puts it in good standing as it attempts to carve out a place in the emerging world of floating natural gas liquefaction, or floating LNG (FLNG), Anthony Schiller, Excelerate director of upstream development, told NGI.

Excelerate Energy’s niche in the natural gas supply chain puts it in good standing as it attempts to carve out a place in the emerging world of floating natural gas liquefaction, or floating LNG (FLNG), Anthony Schiller, Excelerate director of upstream development, told NGI.

As shut-ins in the Gulf of Mexico continue to carve away available natural gas supplies for the winter, people are now turning their attention to exactly what type of winter the U.S. can expect. Depending on which forecasting organization you believe, some regions could be colder or warmer than normal.

After dropping 13 cents Monday morning to carve out its lowest point in nearly three months, the natural gas futures market stabilized and chopped sideways to higher in the trading session as buyers stepped in at what they view as bargain price levels. Though it was initially hit hardest by the selling, the June contract also received the biggest buying boost as traders lifted it off its $6.405 low. The prompt month closed at $6.446, down 9 cents for the session.

FERC should try to carve out a case precedent for dealing with transmission market power in the broader context of granting market-based rate authority to power companies, Craig Roach, a principal with Boston Pacific Co., said at a technical conference at the Commission last Tuesday.

On the heels of his announcement of a “leaner” energy bill, Senate Energy and Natural Resources Committee Chairman Pete Domenici (R-NM) indicated last week that he is looking to cut the cost of the omnibus energy measure by as much as one-third before offering it on the Senate floor later this month as an amendment to a larger bill. The six-year transportation reauthorization bill is being eyed as the most likely legislative vehicle to attach the energy measure.