Damper

El Nino once again is poised to put a damper on winter gas demand across the United States, the National Oceanic and Atmospheric Administration (NOAA) indicated in an update. NOAA said the El Nino influence will be weaker than the very strong 1997-98 version, but will still impact temperature and precipitation patterns. Above normal temperatures are expected across the northern tier of the nation from October through March. NOAA showed no probabilities of below normal temperatures anywhere in the country.

El Nino once again is poised to put a damper on winter gas demand across the United States, the National Oceanic and Atmospheric Administration (NOAA) indicated in an update. NOAA said the El Nino influence will be weaker than the very strong 1997-98 version, but will still impact temperature and precipitation patterns. Above normal temperatures are expected across the northern tier of the nation from October through March. NOAA showed no probabilities of below normal temperatures anywhere in the country.

Record rainfall in parts of central and southern Saskatchewanhas put a damper on construction of the $3 billion, 1.325 Bcf/dAlliance Pipeline, but for the time being sponsors are standing bytheir projected in-service date, sort of.

Record rainfall in parts of central and southern Saskatchewanhas put a damper on construction of the 1.325 Bcf/d AlliancePipeline, but for the time being sponsors are standing by theirprojected in-service date, sort of.

Gas producers must be wringing their hands in glee as futuresprices topped $4.50/MMBtu on Friday, but some of their customersclearly are a little less than overjoyed. High gas prices areforcing some fertilizer producers to consider shutting down theirplants and selling their feedstock on the open market just to makeends meet.

Gas producers must be wringing their hands in glee as futuresprices top $4.45/MMBtu, but some of their customers clearly are alittle less than overjoyed. High gas prices are forcing somefertilizer producers to consider shutting down their plants andselling their feedstock on the open market just to make ends meet.

Alliance CEO Dennis Cornelson reiterated yesterday he’s not theslightest bit concerned about upstream gas supply problems puttinga damper on Alliance throughput once the the pipeline isconstructed. “Thinking about that very issue over the years, Ithink that it’s clear that with the higher gas prices that arebeing realized and the relatively low prices for oil at this timethat there will be real focus on natural gas exploration anddevelopment over the next several years.