Forces

A diverse coalition of often opposing forces has launched a center to provide producers with certification of performance standards for shale development and established the first 15 standards designed to ensure safe and environmentally responsible development of the Appalachian Basin’s shale gas resources.

A diverse coalition of often opposing forces Wednesday launched a center to provide producers with certification of performance standards for shale development and established the first 15 standards designed to ensure safe and environmentally responsible development of the Appalachian Basin’s shale gas resources.

Acknowledging that natural gas vehicles (NGV) are catching on in the U.S. alternative transportation market, advocates for diesel and biodiesel alternatives are joining forces to promote their fuel’s viability among Washington, DC, policymakers.

Overall cash prices added a dime Monday as weather forecasts, pipeline maintenance and a strong screen combined forces to send prices sharply higher. Northeast points led the charge higher, but Southern California locations were not far behind. At the close of futures trading July had jumped 16.8 cents to $2.635 and August had risen 15.4 cents to $2.565. July crude oil fell 76 cents to $83.27/bbl.

Last Wednesday market forces officially shifted Alaska’s effort to commercialize its North Slope gas from a Lower 48 pipeline project to an in-state pipeline with gas liquefaction and export capability to serve high-value Asian markets. Along the way to export, some of the gas would be diverted for use in state.

On Wednesday market forces officially shifted Alaska’s effort to commercialize its North Slope gas from a Lower 48 pipeline project to an in-state pipeline with gas liquefaction and export capability to serve high-value Asian markets. Along the way to export, some of the gas would be diverted for use in state.

Physical natural gas values fell at a majority of points on Monday as early weakness in the futures added a soft tone to the market and the market forces of minimal supportive weather and ample if not burdensome storage prevailed.

November natural gas engaged in its typical post-Energy Information Administration (EIA) storage report gymnastics Thursday, but traders saw other forces at work rather than the on-target EIA storage figures.

J.P. Morgan and Cheniere Energy Inc. have joined forces in the global liquefied natural gas (LNG) market in a deal that gives the gas and power trading house access to regasification capacity at Cheniere’s Sabine Pass terminal in Louisiana.