Important

In the long run — beyond 2010 — oil and natural gas prices should return to parity on a global basis, but the “most important and timely driver” will be the build-out of a global liquefied natural gas (LNG) infrastructure, Raymond James & Associates Inc. energy analysts said. They warned in the short term: “beware North American gas names in 2008.”

In the long run — beyond 2010 — oil and natural gas prices should return to parity on a global basis, but the “most important and timely driver” will be the build-out of a global liquefied natural gas (LNG) infrastructure, Raymond James & Associates Inc. energy analysts said. They warned in the short term: “beware North American gas names in 2008.”

Reliability of supply, not price, is the most important factor when they make deals, according to a panel of industry marketing/trading representatives.

Two liquefied natural gas (LNG) import terminals planned on the Pacific Coast of British Columbia took important steps forward last week. One day after the Kitimat LNG project, which would be built on an Indian reserve near Kitimat, BC, received environmental approval, another BC LNG project, the C$350 million Prince Rupert LNG terminal proposed by WestPac LNG Corp., initiated the regulatory review process.

Independent producers are playing an increasingly more important role in Texas and its energy future after drilling 96% of the oil and gas wells in 2006, according to a study conducted by the Texas Alliance of Energy Producers (TAEP).

Independent producers are playing an increasingly more important role in Texas and its energy future after drilling 96% of the oil and gas wells in 2006, according to a study conducted by the Texas Alliance of Energy Producers (TAEP).

Up to 25% of U.S. manufacturers are considering shifting their domestic operations offshore if rising chemical costs — as well as rising costs for natural gas, a feedstock important to many — are not controlled, according to a report by the National Association of Manufacturers (NAM).

Up to 25% of U.S. manufacturers are considering shifting their domestic operations offshore if rising chemical costs — as well as rising costs for natural gas, a feedstock important to many — are not controlled, according to a report by the National Association of Manufacturers (NAM).

One day after breaking under the $6 mark for the first time, July natural gas futures traded above the important psychological level all day Thursday with the help of a somewhat bullish 77 Bcf storage injection report from the Energy Information Administration (EIA). The prompt month traded within a $6.010-6.200 range on the day before settling at $6.191, up 21.7 cents on the day.