Consumption of natural gas in both the United States and Mexico is on the rise, according to the U.S. Energy Information Administration (EIA), which once again revised its natural gas price forecasts upward for the rest of 2013 and 2014.
Inland
Articles from Inland
Three Injured on Louisiana Workover Rig
The U.S. Coast Guard responded Wednesday to a rig fire in Bayou Perot, about 20 miles south of New Orleans in inland waters. Three people were reported injured on the rig, which was working on an inactive natural gas well.
SoCal Inland Empire Advances CNG/LNG Trucking
In the midst of a regional trucking transportation hub in the Inland Empire 50 miles east of downtown Los Angeles, a regional government association is leveraging state and federal grants totaling nearly $20 million with a major national trucking company, Ryder System Inc., to put hundreds of compressed natural gas (CNG) and liquefied natural gas (LNG) rigs on the road.
Frigid Forecasts Induce Price Gains at Most Points
With Friday’s predicted lows ranging from sub-zero to the teens and 20s from the Rocky Mountains through the Plains and Midwest into much of the inland Northeast, the surge of heating load was able to rally prices at a solid majority of points Thursday. Cash gas got a small extra boost from the prior-day advance of 3 cents by January futures, which ended a six-session losing streak for the Nymex contract.
Rising Generation Loads Push Most Points Higher
With spreading above-normal temperatures starting to push daily highs into the 80s across much of the East and in some inland parts of the West and past 100 in the desert Southwest, the resultant increase in power generation load had prices rallying at most points Tuesday. The return of industrial demand from a holiday weekend and a reduction of excess supply issues in the West also contributed to the overall bullishness.
Rupture News Helps Boost Screen and Also Cash
Other than severe heat in the Southwest and inland California, gas wasn’t getting much weather support Wednesday, as much of the South turned decidedly mild in the wake of a cool front moving southeastward. But prices still managed fairly strong rebounds that were between 10 and 29 cents in most cases, and up to about 30 cents at the PG&E citygate and above 40 cents in San Juan Basin.
Nearly All Points Fall in November-Ending Business
Cold weather continued its grip in the Northeast, Midwest and inland West Tuesday, and extended its reach throughout the South except for the Florida peninsula. But what would normally seem to be bullish conditions were unable to prevent a broad retreat in cash prices.
California Fries, Hits Power Highs
Triple-digit temperatures throughout much of California inlandfrom the Pacific Coast spurred record energy demand, promptingstate and utility officials to call for voluntary cutbacks inelectricity usage on the eve of the Labor Day holiday weekend.Collectively, August turned out to be California’s hottest ever,further testing the reliability of the new power system in thestate.As Southern California Edison, San Diego Gas and Electricand the nation’s largest municipal utility, the City of Los AngelesDepartment of Water and Power, all registered record power demandMonday, a corresponding record for natural gas delivered toelectric generating plants was marked at Southern California Gas,which transports supplies to all three electric utilities. Gassupplies for power generation equaled 1.92 Bcf/d on Monday,surpassing a one-day record set Aug. 11, 1994 (1.877 Bcf), and aspokesperson for SoCalGas said with the prediction of more hotweather later in the week, “there is a chance we will surpass thenew record.”