Lean

The market still has little on which to lean in the way of supportive weather; tropical activity in the Atlantic Basin has disappeared entirely for the time being, and except for some positive developments imminent in the Rockies, available storage injection capacity continues to tighten as the season enters its final weeks. Still, the somewhat implausible rally that began Monday was sustained through Tuesday at nearly all locations.

Dominion Virginia Power (DVP) will lean more on natural gas for power generation over the next 15 years, the Dominion subsidiary said in an updated integrated resource plan filed with the Virginia State Corporation Commission (SCC) Thursday.

Dominion Virginia Power (DVP) will lean more on natural gas for power generation over the next 15 years, the Dominion subsidiary said in an updated integrated resource plan filed with the Virginia State Corporation Commission (SCC) Thursday.

Canadian natural gas exports to the United States are stabilizing at reduced levels after four lean years of decline, show trade records of the National Energy Board (NEB).

Canadian natural gas exports to the United States are stabilizing at reduced levels after four lean years of decline, show trade records of the National Energy Board (NEB).

The government of Canada’s top natural gas-producing jurisdiction is braced for a long spell of lean times from oversupplied North American markets.

The government of Canada’s top natural gas-producing jurisdiction is braced for a long spell of lean times from oversupplied North American markets.

After working natural gas futures values higher in Thursday morning trade in anticipation of a lean storage report, traders had their suspicions confirmed as the Energy Information Administration (EIA) reported that 60 Bcf was injected into underground stores for the week ending June 25. Following a day of spirited trading within a wide 40-cent range, August natural gas futures ended up finishing Thursday’s regular session at $4.854, up 23.8 cents from Wednesday’s close.

Canadian natural gas field contractors are braced for their second straight lean year while the industry defers drilling until supply gluts burn off and the Alberta government retools development policies.