After a three-day rally, Nymex May natural gas futures vacillated between gains and losses Wednesday. The contract reached a $1.906/MMBtu intraday high before settling at $1.841, down 2.1 cents day/day. At A Glance: May futures slip 2.1 cents Storage report potentially supportive Cash prices up on near-term chill NGI’s Spot Gas National Avg. was up…
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REX Shippers Say Northern Tying Capacity to ‘Phantom Backhaul’ Deal
Rockies Express Pipeline (REX) shippers have accused Northern Natural Gas of limiting access to receipt point capacity at the interconnection between the REX and Northern Natural systems to shippers who agree to purchase a “phantom backhaul service.”
October 29, 2007
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