Economics in the Western Canadian Sedimentary Basin and the movement of increasingly more Rockies supplies east is being felt more in terms of wholesale price and supply pressures in the Pacific Northwest, according to Northwest Natural Gas Corp.’s CEO Mark Dodson. As a result, the need for siting a liquefied natural gas (LNG) terminal in the region is growing, he said.
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Credit Crunch Slows Energy Project Finance; Outlook Uncertain
The subprime mortgage-related credit crunch already has led to a significant slowdown in energy project finance, and its effects likely will be felt through 2008, according to energy consultants with Washington, DC-based Pace Global Energy Services.
Credit Crunch Slows Energy Project Finance; Outlook Uncertain
The subprime mortgage-related credit crunch already has led to a significant slowdown in energy project finance, and its effects likely will be felt through 2008, according to energy consultants with Washington, DC-based Pace Global Energy Services.
Alberta’s Consumers, Government Enjoy Lower Gas Prices
It pays to be a consumer — and even more to be the government — in Canada’s chief natural-gas producing jurisdiction.
Futures Climb 10.2 Cents as the East Bundles Up
After the January contract gapped 26.6 cents higher to open at $11.900 on Tuesday in its debut as the prompt month, the contract felt its way around, bouncing within a range from $11.670 to $12.150 before settling at $11.736, up 10.2 cents for the day.
NGI The Weekly Gas Market Report
Utilities Warn Customers to Prepare for Sky High Winter Gas Bills
Severe economic pain will be felt this winter by natural gas customers nationwide. Utility companies in Texas, Minnesota, Alabama and elsewhere warned customers last week that winter bills will be about 40-90% higher than last winter.
Atmos Predicts Texas Customers’ Bills Will Rise 60-90% This Winter
Severe economic pain will be felt this winter by natural gas customers nationwide. Atmos Energy Corp., the largest gas-only utility company in the nation, warned its 1.4 million customers in north and central Texas on Wednesday that residential gas bills may be 60-90% higher this winter compared to last winter.
NYMEX Extends Delivery Period for August Futures Contract
After disrupting and shutting in Gulf of Mexico oil and natural gas production areas, Hurricane Katrina continues to make her impact felt in both physical destruction of property and technical hang-ups in energy markets. The delivery committee of the New York Mercantile Exchange Inc. (NYMEX) convened Monday morning to review deliveries in progress related to the NYMEX Division natural gas futures contract for August 2005.
Alexander Says Senate Energy Bill Is ‘Shaping Up’
Comparing the surprise Americans felt from the terrorist attacks of 9/11 to the surprise Americans will feel from soaring energy prices, Sen. Lamar Alexander (R-TN) said last week that his stand-alone natural gas legislation is aimed at bringing energy prices down and alleviating foreign energy reliance.
Alexander Says Senate Energy Bill Is ‘Shaping Up’
Comparing the surprise Americans felt from the terrorist attacks of 9/11 to the surprise Americans will feel from soaring energy prices, Sen. Lamar Alexander (R-TN) said Tuesday that his stand alone natural gas legislation is aimed at bringing energy prices down and alleviating foreign energy reliance.