On one side of the country, ExxonMobil Corp. CEO Rex Tillerson Thursday cast doubts on whether natural gas stands much of a chance to penetrate the U.S. transportation market (see Daily GPI, March 12). Meanwhile, at the annual CERAWeek conference in Houston, auto and energy executives mostly expressed pessimism about how big the market might become.
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Natgas to Transform Transportation Market? Slim Chance, Say Execs
On one side of the country, ExxonMobil Corp. CEO Rex Tillerson Thursday cast doubts on whether natural gas stands much of a chance to penetrate the U.S. transportation market (see Daily GPI, March 12). Meanwhile, at the annual CERAWeek conference in Houston, auto and energy executives mostly expressed pessimism about how big the market might become.
Late-Session Fall Casts Doubts on April Contract
April natural gas futures plunged at the close of trading Friday amidst a flurry of spread trades that sent out bearish vibrations and cast doubt about further gains in the April contract. April futures lost 6.3 cents to close at $3.932, and May dropped 4.9 cents to close at $4.006. April crude oil shed 78 cents to close at $46.25/bbl.
Gas Deals for Munis Continue to Draw Ratings Review
With global insurance provider American International Group (AIG) continuing to cast a dark shadow over Wall Street, Standard & Poor’s Ratings Services (S&P) Thursday said it was changing the outlook on two major Southern California-based municipal utility natural gas 20-year prepay deals in which AIG has a key role in underpinning more than $1 billion worth of bonds.
Gros Cacouna Back in LNG Hunt After Gazprom Changes Plans
The future of the Gros Cacouna liquefied natural gas (LNG) terminal in Quebec has been cast into doubt by a decision by OAO Gazprom to cancel what would have been the terminal’s key source of LNG.
Gazprom Cancellation Puts Gros Cacouna Back in LNG Hunt
The future of the Gros Cacouna liquefied natural gas (LNG) terminal in Quebec has been cast into doubt by a decision by OAO Gazprom to cancel what would have been the terminal’s key source of LNG.
Federal Unit: Something ‘Fishy’ in Oregon LNG Plans
In a letter from one federal agency to another earlier in January, doubt was cast over NorthernStar Natural Gas’s plans for building a liquefied natural gas (LNG) terminal along the Columbia River in Oregon and it stirred local news coverage. However, the project backers said they aren’t concerned about it.
Federal Fisheries Unit Questions Oregon LNG Plans
In a letter from one federal agency to another earlier in January, doubt was cast over NorthernStar Natural Gas’s plans for building a liquefied natural gas (LNG) terminal along the Columbia River in Oregon and it stirred local news coverage. However, the project backers said they aren’t concerned about it.
ExxonMobil CEO Casts Doubt on Alaska, Mackenzie Gas Pipe Projects
ExxonMobil Corp. CEO Rex Tillerson last week said the proposed Mackenzie Delta natural gas pipeline is “not economic at the current costs,” and he cast doubt on the near-term possibility of an Alaska gasline because of escalating service and raw materials costs.
Williams’ Power Asset Sale Sets Up Possible LBO, Says Analyst
Williams, which restructured to concentrate on its core domestic natural gas businesses — exploration, midstream and gas pipelines — agreed last week to cast off substantially all of its power assets to Bear Energy LP, a unit of The Bear Stearns Cos. Inc., in a deal valued at $512 million. The transaction includes 7,700 MW of gas-fired tolling capacity, 1,800 MW of full requirements power supply contracts and a trading book.