Gaining

Compressed natural gas (CNG) continued to gain more attention in the transportation fleet, fuel and vehicle sectors, gaining more acceptance as shown in reports in California and Maryland so far this month.

The natural gas vehicle (NGV) sector was one part of the economy that benefited from Congress’ fiscal cliff action on Tuesday, gaining new life from the extension of clean vehicle tax incentives.

The market for natural gas-fueled buses is gaining momentum, according to Alexander Dennis Ltd. (ADL), a Scottish firm that hopes to dominate the sector worldwide. It is touting orders in November for more than 1,000 buses worth $352 million, more than half going to Hong Kong.

While TransCanada Corp. awaits word from Canada’s National Energy Board (NEB) on its Mainline toll restructuring, executives are gaining confidence that a portion of the pipeline has a future moving western Canadian and Bakken Shale crude eastward.

While TransCanada Corp. awaits word from Canada’s National Energy Board (NEB) on its Mainline toll restructuring, executives are gaining confidence that a portion of the pipeline has a future moving western Canadian and Bakken Shale crude eastward.

Gas-to-coal switching will be key to next year’s natural gas prices, with natural gas ruling in the first half of the year and coal gaining in the second half, according to Raymond James & Associates Inc.

Canaccord Genuity is maintaining a natural gas price forecast of $3.50/Mcf for 4Q2012, with prices gaining 50 cents in 2013 and then moving to $5.00 for the long term, analysts said Friday.

While oil production in North Dakota could more than quadruple by 2025 to more than 2 million b/d, natural gas could do even better, gaining by nearly six times over current production to 3.1 Bcf/d, according to an analysis commissioned by the state’s Pipeline Authority and performed by Bentek Energy LLC.

While oil production in North Dakota could more than quadruple by 2025 to more than 2 million b/d, natural gas could do even better, gaining by nearly six times over current production to 3.1 Bcf/d, according to an analysis commissioned by the state’s Pipeline Authority and performed by Bentek Energy LLC.