U.S. Department of Energy (DOE) staffers planning to go Down Under over the holidays to escape talk of liquefied natural gas (LNG) exports and their market impacts might want to reconsider. LNG and gas markets are a source of controversy in Australia, too.
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On the Other Side of the World: An LNG Export Debate
U.S. Department of Energy (DOE) staffers planning to go Down Under over the holidays to escape talk of liquefied natural gas (LNG) exports and their market impacts might want to reconsider. LNG and gas markets are a source of controversy in Australia, too.
Market Bows to Mild Weather; Softness Dominates
Several flat to about a nickel higher points in various regions managed to escape the overall moderate softness that enveloped the market Tuesday. The previous day’s half-penny advance by May futures did nothing to influence cash numbers, so the physical market finally had to acknowledge that advances in the past few days were made with essentially no support from weather fundamentals.
Market Bows to Mild Weather; Softness Dominates
Several flat to about a nickel higher points in various regions managed to escape the overall moderate softness that enveloped the market Tuesday. The previous day’s half-penny advance by May futures did nothing to influence cash numbers, so the physical market finally had to acknowledge that advances in the past few days were made with essentially no support from weather fundamentals.
UGI Says PA Gas Explosion Caused by ‘Human Error’
A contractor working on a natural gas meter in an Allentown, PA, home on Saturday apparently removed the wrong fitting, which allowed gas to escape and lead to an explosion that leveled three homes and damaged a fourth, according to UGI Utilities. No one was seriously injured, according to authorities.
TransCanada Proposes Converting, Extending Gas Pipeline Loop to Carry Heavy Oil
TransCanada PipeLines Ltd. has come up with a way to escape the cost and toll squeeze caused by excess capacity on its natural gas mainline — fill up the empty space with oil.
Only Heated California Able to Escape General Softness
Those who had expected cash bullishness to continue Wednesday,based on the July futures contract’s move to previously unknownheights on the previous day, were in for a big disappointment.Wednesday’s screen achieved most of its drastic downturn while cashwas still trading. And while hot weather remained fairly severe onthe West Coast, it cooled off considerably in the Northeast.
Only Canadian Points Escape General Downturn
The cash market was back on a downhill slide Wednesday as theuprising that had carried some points as much as 80-90 cents higherin the first two days of the week ran out of gas. The retrenchmentwas not unexpected because futures were falling for the second dayin a row and the colder weather that had driven the earlier uptickswas giving way to new forecasts calling for no colder than “normal”temperatures in many areas.