Intelligence

The natural gas industry is taking cybersecurity threats very seriously and has devoted increasing resources to fighting them since 2001. This comes as the federal government shares classified information of credible threats to the industry and weighs legislation to do more, according to officials with the American Gas Association (AGA).

News This Week :

Total combined natural gas purchase and sales volumes reached 124,752 TBtu in 2011, a 2.5% increase compared with 121,682 TBtu in 2010, according to an analysis by Natural Gas Intelligence (NGI) of 2011 Form 552 filings with FERC.

Devon Energy Corp. said increased production and higher prices for natural gas liquids (NGLs) helped the company earn $1 billion during 3Q2011 as it continues to look for a joint venture (JV) partner to help develop five of its emerging assets.

BP plc was the only one of the top five U.S. producers of natural gas that also showed up among the top five gas marketers in 2010, according to an analysis by Natural Gas Intelligence (NGI) of federal filings that showed a 6% gain in trading in 2010 over 2009.

Showing the first signs of interest in energy after five weeks back in session in Sacramento, the chairman of California’s lower house Assembly Utilities and Commerce Committee Thursday announced that he and two major environmental groups plan to use Valentine’s Day to promote a new state law designed to boost energy conservation. Presumably it will attempt to marshal public sector utilities, as well as private sector ones, in a stepped up effort.

Two basis swap contracts based on NGI’s bidweek indexes atChicago and the Southern California border were among a number ofenergy products approved last week for listing on enymex, the NewYork Mercantile Exchange’s Internet-based trading system. Nymexexpects to launch the new system during the second quarter of 2001.

Natural Gas Intelligence the weekly gas market newsletter

Natural Gas Intelligence the weekly gas market newsletter