A major natural gas pipeline group Wednesday expressed concern about House legislation that it believes could be interpreted to restrict the free flow of gas and investment in pipeline and liquefied natural gas (LNG) infrastructure in the United States by allies and “traditional trading partners,” such as Canada, Mexico, Great Britain and France.
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Analyst: ‘Gas Fever’ to Give Chemical Manufacturers the Chills
Although the recent climb in Lower 48 natural gas prices is currently being interpreted as “unusual,” Lehman Brothers chemical analyst Sergey Vasnetsov said expensive U.S. natural gas could become “normal” in 2003-06. In Lehman Brothers’ first “Natural Gas Fever” report, Vasnetsov said a major “step-up” in the future average natural gas price could have profound implications on the U.S. chemical industry.
Analyst: ‘Gas Fever’ to Give Chemical Manufacturers the Chills
Although the recent climb in Lower 48 natural gas prices is currently being interpreted as “unusual,” Lehman Brothers chemical analyst Sergey Vasnetsov said expensive U.S. natural gas could become “normal” in 2003-06. In Lehman Brothers’ first “Natural Gas Fever” report, Vasnetsov said a major “step-up” in the future average natural gas price could have profound implications on the U.S. chemical industry.
Oneok Posts 2Q Spike of 64% on Trading Gains of 57%
Tulsa, OK-based Oneok Inc. went where no man has gone before in second quarter 2002 earnings, marking a 56% increase for its marketing and trading operations segment, which, combined with solid returns in distribution, led to a gain in net income of 64% over the second quarter last year.