In the latest of a string of bullish reports for the gasindustry, the Energy Information Administration’s (EIA)recently-published Short-Term Energy Outlook projected prices inthe coming months to be 25% to 30% higher than last winter. It alsosaid that demand, which the EIA said rose by less than 1% in 1999compared to 1998, is poised to grow 4.6% in 2000. The demand jump,which puts the consumption level at 22.4 Tcf, represents anincrease of 1 Tcf over 1999’s consumption levels.
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Prices Flatten Out But Market Outlook Still Bearish
Despite consensus that the latest storage and weather news has beenbearish, the cash market did little more than march in place Thursdaywith only slight gains dominating at the great majority of points. Asmidgen of softness showed up in the Southwest basins, and theRockies, largely because of El Paso having lifted a low-linepack OFOlate Wednesday afternoon (see Daily GPI, Jan. 6).
EIA Maintains Bullish Sentiments For Gas
In the latest of a string of bullish reports for the gasindustry, the Energy Information Administration’s (EIA) Short-TermEnergy Outlook projected prices in the coming months to be 25% to30% higher than last winter. It also said that demand, which theEIA said rose by less than 1% in 1999 compared to 1998, is poisedto grow 4.6% in 2000. The demand jump, which puts the consumptionlevel at 22.4 Tcf, represents an increase of 1 Tcf over 1999’sconsumption levels.
Wisconsin Rate War Erupts Between ANR, Guardian
In its latest attack on the competing Guardian Pipeline project,Coastal Corp. affiliate American Natural Resources (ANR) maintainsdata from the Wisconsin Public Service Commission show Guardian’stransportation rate would be more than 30% higher than the rateoffered by ANR.
ANR Swipes at Guardian Over Rates
In its latest attack on the competing Guardian Pipeline project,Coastal Corp. affiliate American Natural Resources (ANR) maintainsdata from the Wisconsin Public Service Commission show Guardian’stransportation rate would be more than 30% higher than the rateoffered by ANR.
Y2K is A-OK for Oil and Gas Industries
Using results from their latest Y2K survey as proof, the NaturalGas Council and the American Petroleum Institute (API) deemed theirworking group, formed to spur on Y2K readiness throughout the oiland gas industries, a success. With over two months to go, 93% ofthe oil and gas companies surveyed said their embedded systems areready for the Year 2000 and the rest expect to be done soon,leaders of the working group said at the National Press Club inWashington D.C. last week.
Y2K is A-Okay for Oil and Gas Industries
Using results from their latest Y2K survey as proof, the NaturalGas Council and the American Petroleum Institute (API) deemed theirworking group, formed to spur on Y2K readiness throughout the oiland gas industries, a success. With over two months to go, 93% ofthe oil and gas companies surveyed said their embedded systems areready for the Year 2000 and the rest expect to be done soon,leaders of the working group said at the National Press Club inWashington D.C. yesterday.
GRI: Industrial Energy Demand Up 25% by 2015
In its latest study, the Gas Research Institute (GRI) predictednatural gas will dominate the market share among competing fuelsfor industrial energy demand over the next 15 years. Currently,industrial demand accounts for 45% of all gas consumption. Thestudy, released last week, was prepared by the GRI and Energy andEnvironmental Analysis Inc.
GRI: Industrial Energy Demand Up 25% by 2015
In its latest study, the Gas Research Institute (GRI) predictednatural gas will dominate the market share among competing fuelsfor industrial energy demand over the next 15 years. Currently,industrial demand accounts for 45% of all gas consumption. Thestudy, released yesterday, was prepared by the GRI and Energy andEnvironmental Analysis Inc.
Go Back to Drawing Board on OCS NOPR, FERC Told
Neither the interstate pipelines nor gas producers wereparticularly enamored with FERC’s latest attempt to create a morebalanced, lighter-handed system for regulating gas pipelines on theOuter Continental Shelf (OCS). They both agree the Commission fellshort of its goal in the July proposed rulemaking.