The U.S. seems slow to realize that it must try harder to compete for global liquefied natural gas (LNG) supply. And even with all the Rockies pipeline projects that have been completed in the past few years, more takeaway capacity is needed for regional production to realize its true value. These themes were common in the “Alternative Gas — Supply Sources for the Region” panel discussion Tuesday at the LDC Forum-Rockies and West conference in Los Angeles.
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Futures Drop 45.4 Cents on the Week, But Support Remains
After bouncing off the $6.67 area for the second straight session, November natural gas futures ended by settling Friday at $6.709, down 9.4 cents. The remaining four months in the winter strip also closed lower, but by much smaller margins.
October 18, 2004
Prices Begin to Tumble From Outer Space Levels
Isn’t there a saying about the bigger they come, the harder they fall? Following a Tuesday in which quite a few Gulf Coast and Midcontinent production area points recorded their biggest numbers ever, the cash market was diving Wednesday about as fast as it had rocketed higher in the first two trading days of the week. Eastern markets, along with Waha/Permian Basin in the West, saw average declines that tended to range from about $5 to $24. Because they hadn’t soared to such stratospheric levels previously, other western points mostly saw smaller price drops of $1-3.
February 27, 2003
Enron, Dynegy Score Big Time in Q3
Enron Corp., the world’s largest energy trader, and DynegyCorp., which plans to try harder to be the second or third largesttrader in the next few years, reported over-the-top earnings forthe third quarter yesterday, reaping the benefits of skyrocketingenergy prices and a continued focus on asset expansion.
October 18, 2000
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