U.S. natural gas supply and demand levels have been too close for comfort over the past two years and are expected to become even more constrained in the future without fresh new gas supplies from Alaska, liquefied natural gas (LNG) sources and frontier gas-rich drilling regions, according to a new report released by the American Gas Association (AGA) Wednesday. But achieving these feats will require radical changes in public policies, namely the lifting of drilling restrictions in Alaska’s Arctic region, the Lower-48 states’ western basins and the gas-prone offshore areas, it said.
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AGA Report: Supply-Demand Imbalance Has Created ‘Tightrope’ Effect in Markets
U.S. natural gas supply and demand levels have been too close for comfort over the past two years and are expected to become even more constrained in the future without fresh new gas supplies from Alaska, liquefied natural gas (LNG) sources and frontier gas-rich drilling regions, according to a new report released by the American Gas Association (AGA) Wednesday. But achieving these feats will require radical changes in public policies, namely the lifting of drilling restrictions in Alaska’s Arctic region, the Lower-48 states’ western basins and the gas-prone offshore areas, it said.
FERC’s Oversight Arm Sees Progress in Cleaning Up the Market
With his newly created Office of Market Oversight and Investigations (OMOI) operational for a little over three months, “we’re already starting to see progress” toward cleaning up unacceptable behavior in the marketplace, William F. Hederman, OMOI director told a gathering of energy attorneys recently.
FERC’s Oversight Arm Sees Progress in Cleaning Up the Market
With his newly created Office of Market Oversight and Investigations (OMOI) operational for a little over three months, “we’re already starting to see progress” toward cleaning up unacceptable behavior in the marketplace, William F. Hederman, OMOI director told a gathering of energy attorneys last week.
Cold Air, Bullish Forecasts Drive Futures Another 15 Cents Higher
After failing to fill in the chart gap created by the higher opening, natural gas futures erupted to new 16-month highs Monday, as traders bought heavily into the season’s first blast of cold weather. Including Monday’s price hike, the November contract has notched gains in four out of the last five sessions, advancing 17% off the $3.67 low Oct 7. It closed at $4.303 Monday, up 15.7 cents for the session. At 104,033, heavy estimated volume was proof that few traders elected to observe the Columbus Day holiday.
Sequent Hopes to Break Open Southeast Wholesale Market
Created from an existing company in March, Sequent Energy Management LP, a subsidiary of AGL Resources, is taking the natural gas wholesale trading, marketing and asset management industries by storm, drawing traders from many of the major players in the energy trading business. “We are not making any friends at Dynegy or Enron,” said Rick Duszynski, CEO and president of Sequent Energy.
Sequent Hopes to Break Open Southeast Wholesale Market
After being created from a previous company in March, Sequent Energy Management LP, a subsidiary of AGL Resources, is taking the natural gas wholesale trading, marketing and asset management industries by storm, drawing traders from many of the major players in the energy trading business. “We are not making any friends at Dynegy or Enron,” said Rick Duszynski, CEO and president of Sequent Energy.
Exelon Bullish On Meeting, Exceeding Earnings Target
A smooth transition of the merger between Unicom and PECO Energy that created Exelon Corp. is just one of several reasons why the company believes it will meet or surpass its 2001 earnings target of $4.50 per share, said Exelon Co-CEO John W. Rowe last week.
Exelon Bullish On Meeting Or Exceeding Earnings Target
A smooth transition of the merger between Unicom and PECO Energy that created Exelon Corp. is just one of several reasons why the company believes it will meet or surpass its 2001 earnings target of $4.50 per share, said Exelon Co-CEO John W. Rowe earlier this week.
Technical Rebound Hikes Futures as Traders Await Storage #s
Alleviating oversold conditions created on the move lower over the past couple weeks, natural gas futures rebounded strongly Tuesday, as traders covered shorts amid undeniably bullish technical conditions. After gapping higher at the open, a steady flow of buying propelled the market to its highest level since May 1. At the closing bell, June was 25.9 cents higher at $4.653.