Lack

Although some traders earlier in the week had seen a rally in the East as unlikely due to lack of weather demand, the market appeared to defy forecasts of continued moderate temperatures in most of the region Friday by rising at a majority of points Thursday. It reversed a pattern in effect through Wednesday in which minority gains were almost all in the Midcontinent and Rockies; on Thursday those areas, along with some other western points, saw most of the declines.

Damaged offshore natural gas pipelines, platforms and rigs, flooded onshore gas processing facilities and a lack of power hampered a quick return to normal operations last week for Gulf Coast facilities after Hurricane Ike made landfall in Galveston, TX, in the pre-dawn hours of Sept. 13.

Citing lack of jurisdiction, a federal district court judge in Washington, DC, last Wednesday rejected a request of a former trader with Amaranth Advisors LLC for a declaratory ruling that FERC’s assertion of authority in the natural gas futures markets violates a number of federal laws.

Citing lack of jurisdiction, a federal district court judge in Washington, DC, has rejected a request of a former trader with Amaranth Advisors LLC for a declaratory judgment stating that FERC’s assertion of authority in the natural gas futures markets violates a number of federal laws.

The Western Governors’ Association (WGA), citing a lack of a federal energy program, will draft a national energy policy that it hopes will influence the next presidential administration.

The Western Governors’ Association (WGA), citing a lack of a federal energy program, will draft a national energy policy that it hopes will influence the next presidential administration.

With consideration of its project stalled at the FERC for lack of requested data, the sponsor of the Quoddy Bay LNG Import Project said last week it expects the review to resume after the company submits the requested information “in the near future.”

With consideration of its project stalled at the FERC for lack of requested data, the sponsor of the Quoddy Bay LNG Import Project said Monday it expects the review to resume after the company submits the requested information “in the near future.”

Natural gas and oil prices will reconnect again in the United States, according to Wood Mackenzie’s Ed Kelly, vice president of North American gas and power. When the relinkage occurs will depend upon the long-term race between U.S. domestic supply growth and the growing reliance on gas for power generation.