The natural gas futures market continued its stunning price ascent Wednesday as local and fund traders exerted their will on a market notably devoid of sellers. After two failed attempts to sell-off during the first four hours of trading, the May contract exploded 17 cents in 90 minutes to notch a new all-time May 2004 contract high at $5.95. It settled just off that level, up 18.7 cents at $5.933.
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Supportive Forecasts Reminds Traders What Really Drives Natural Gas Prices
Bullied by the one-two combination of cooler weather forecasts and speculative fund buying, the natural gas futures market accelerated higher Tuesday in a session marked by light activity and choppy trading action.
December 31, 2003
ConocoPhillips Takes 50% Stake in Freeport LNG, Will Fund, Build, Operate Terminal
Further anchoring the proposed Freeport, TX, liquefied natural gas (LNG) import terminal, ConocoPhillips last week bought a 50% stake in the project, agreed to provide $400-450 million in construction funding and will build and operate the terminal for Cheniere Energy and the other partners in Freeport.
December 29, 2003
ConocoPhillips Takes 50% Stake in Freeport LNG, Will Fund, Build, Operate Terminal
Cheniere Energy reported Monday that ConocoPhillips has purchased a 50% general partnership stake in Freeport LNG Development LP and will take the remaining 1 Bcf/d of sendout capacity at Freeport’s proposed 1.5 Bcf/d liquefied natural gas (LNG) import terminal on Quintana Island, near Freeport in Brazoria County, TX. Dow Chemical already has signed a 20-year agreement to receive 500 MMcf/d when the project begins service in 2007.
December 23, 2003
Futures Bound Higher; Retracement Likely Thursday
Supported by the unmistakable profile of speculative fund buying, the natural gas futures market made it three in a row Wednesday as prices soared to their highest levels in nearly two months. After quickly filling in a gap on the daily chart, the January contract worked its way higher throughout the trading session on a steady diet of short-covering.
December 4, 2003
Dividends Again Show Promise for Utilities — CreditSights
Cutting the dividend to fund growth has become more common among integrated energy companies and utilities in recent months, but changing circumstances and new tax laws could reverse that policy, according to a report issued Thursday by CreditSights analysts.
July 14, 2003
TransCanada to Fund Aboriginal’s Share in Mackenzie; Arctic Vs. LNG Race Heats Up
Confirming rumors that have circulated since late April, proponents of the Mackenzie gas pipeline project announced last Wednesday that TransCanada PipeLines Ltd. has stepped in to be the financial backer of the Aboriginal Pipeline Group (APG), which holds a one-third interest in the pipeline and production project, in exchange for an option to buy a share of the pipeline.
June 23, 2003
TransCanada to Fund Aboriginal’s Share in Mackenzie; Project Moves Forward
Confirming rumors that have circulated since late April, proponents of the Mackenzie gas pipeline project announced Wednesday that TransCanada PipeLines Ltd. has stepped in to be the financial backer of the Aboriginal Pipeline Group (APG), which holds a one-third interest in the pipeline project, in exchange for an option to buy a share of the pipeline.
June 19, 2003
Wyoming Backs Pipeline Construction Up to $1 Billion
Tired of watching Wyoming natural gas underselling the overall market, the state has authorized up to $1 billion in borrowing authority to fund construction of natural gas pipelines to deliver Wyoming gas to market.
March 17, 2003
Wyoming Backs Pipeline Construction Up to $1 Billion
Tired of watching Wyoming natural gas underselling the overall market, the state has authorized up to $1 billion in borrowing authority to fund construction of natural gas pipelines to deliver Wyoming gas to market.
March 14, 2003
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