Despite the nearly nationwide warm-up expected for the Jan. 18-22 week, the February natural gas futures contract departed from Thursday’s weakness to probe the upside Friday. The prompt-month contract traded into the low $5.70s before closing the regular session at $5.691, up 10.3 cents from Thursday’s finish but 5.8 cents lower than the previous week’s close.
Departed
Articles from Departed
Sabine Pass ‘Test’ LNG Cargo Sets Sail from Nigeria
Cheniere Energy Inc. announced late last week that the Celestine River LNG vessel has departed from the Nigeria LNG terminal carrying its first cargo of liquefied natural gas (LNG) destined for the new Sabine Pass terminal in Cameron Parish, LA.
Sabine Pass ‘Test’ LNG Cargo Sets Sail from Nigeria
Cheniere Energy Inc. announced Thursday that the Celestine River LNG vessel has departed from the Nigeria LNG terminal carrying its first cargo of liquefied natural gas (LNG) destined for the new Sabine Pass terminal in Cameron Parish, LA.
What Heat Wave? Natural Gas Futures Drop 56.4 Cents
In spite of the sizzling heat wave that has descended upon the U.S. this week, natural gas futures on Monday departed from the last week’s upswing to explore lower price levels once again. August natural gas plummeted below the psychological $6 support level in Monday’s regular session to settle at $5.783, down a whopping 56.4 cents from Friday.
Scarlett to Head Up Interior Until Norton Successor Confirmed
Interior Deputy Secretary Lynn Scarlett became acting secretary of the department when Gale Norton, the first woman to head Interior, departed Friday following five years with the Bush administration.
Softness Expected to Continue into Holiday Weekend
With Tropical Storm Bill having departed the production area offshore Louisiana following a rather benign pass-through, air conditioning load not rising enough to make a meaningful difference, and the low-demand Independence Day weekend rapidly approaching, mild to moderate softening seemed appropriate Tuesday. The previous day’s overall gains were partially eroded by new numbers that ranged from flat to down a little more than 20 cents.
Court Remands Panhandle Interconnect Ruling
The D.C. Circuit Court of Appeals has remanded a PanhandleEastern Pipe Line decision that it says clearly departed fromFERC’s established policy on pipeline connections without providingany justification for the action.
Williams Favors Volumetric Rates to Serve Generators
A Williams Gas Pipeline executive last week departed from theinterstate pipeline industry’s general support for straight-fixedvariable (SFV) rate design, suggesting instead a move to avolumetric design. He believes such a rate design will be essentialfor gas pipelines to meet the needs of power generators, and forthe industry as a whole to reach its goal of a 30 Tcf market