Demand

Spring is busting out all over — finally — and that translates to lower spot prices. Quotes fell across the board Thursday; a few drops were in single digits, but the rest were fairly consistent in all regions in ranging from a dime to just over 20 cents.

Demand for creditworthy counterparties and experienced risk management services has prompted Deutsche Bank AG and Wachovia Corp. to enter the U.S. natural gas trading and risk management business. Deutsche Bank reported last week that it hired a former El Paso Merchant Energy trading official and several additional gas trading professionals to anchor its operation.

NOVA will restrict firm service to just over 90% of contract demand on the 36-inch Grande Prairie Mainline to allow for system integrity work that is scheduled for Friday evening through the beginning of the March 3 gas day. See the bulletin board for a list of affected stations and those that will be excluded.

Demand for creditworthy counterparties and experienced risk management services, has prompted Deutsche Bank AG and Wachovia Corp. to enter the U.S. natural gas trading and risk management business. Deutsche Bank has hired a former El Paso Merchant Energy trading official and several additional gas trading professionals to anchor its operation.

Canadian producers, prodded by strong demand and their inability to catch up by sticking to prevailing methods, show signs of at last adding dimensions in exploration and unconventional development to their natural gas supply strategies.

Canadian producers, prodded by strong demand and their inability to catch up by sticking to prevailing methods, show signs of at last adding dimensions in exploration and unconventional development to their natural gas supply strategies.

Only a day after spiking on the basis of much colder weather that was still several days away, prices retreated Wednesday despite forecasts that parts of the U.S. and Canada would be caught up in sub-freezing temperatures before traders returned to their offices this week. The market did not give back as much as it had gained Tuesday, as losses tended to range from about a nickel to 40 cents.

Interstate natural gas pipelines can demand security in excess of a year’s worth of reservation charges from credit-risky shippers who seek service on expansions, FERC said last Wednesday in clarifying a Feb. 28 order on creditworthiness standards for North Baja Pipeline LLC.

Interstate natural gas pipelines can demand security in excess of a year’s worth of reservation charges from credit-risky shippers who seek service on expansions, FERC said Wednesday in clarifying a Feb. 28 order on creditworthiness standards for North Baja Pipeline LLC.