Headed

Pacific Gas and Electric Co. (PG&E) is backing two bills dealing with natural gas pipeline safety that passed the state Senate last week and are headed to committees in the lower house Assembly. No hearings have been set yet, and a utility official in Sacramento told NGI Monday that none are expected soon.

All the indicators are that the natural gas industry is headed into a huge oversupply, fueled by flat demand and continued gigantic growth in shale gas. Speakers touched on a developing supply bubble in different ways during the opening day Tuesday of the “LDC Forum: Rockies and the West” conference in Los Angeles, noting that it will require some creative marketing to pump up demand.

Landmen headed for the Eagle Ford Shale, you’re too late. Engineers need to hurry. And beancounters, your day is coming. The Eagle Ford is the hottest thing in South Texas, but like the unconventional plays that came before, it too will have its seasons.

Landmen headed for the Eagle Ford Shale, you’re too late. Engineers need to hurry. And beancounters, your day is coming. The Eagle Ford is the hottest thing in South Texas, but like the unconventional plays that came before, it too will have its seasons.

Canadian natural gas exports are headed for their second straight annual decline. With results in for two-thirds of the current contract year, sales volumes are down by 2%. Border prices have eroded by 1%. Revenues are off by 3%.

Canadian natural gas exports are headed for their second straight annual decline. With results in for two-thirds of the current contract year, sales volumes are down by 2%. Border prices have eroded by 1%. Revenues are off by 3%.

Three failed attempts at conquering $5 appeared to be the limit as the July natural gas futures contract on Wednesday headed in the opposite direction. The prompt-month contract traded in a $4.667 to $4.836 range before closing out the regular session at $4.677, down 13.1 cents from Tuesday’s finish.

Trying to figure out where the North American natural gas markets are headed over the next decade — or even the next five years — is a nearly impossible task, a panel of executives said last week at GasMart 2010 in Chicago.

Don’t believe the reports that more liquefied natural gas (LNG) shipments are headed to the United States this year, an executive with GDF-Suez Gas North America (GSGNA) said last week.