Leaps

Natural gas prices will be rising over the coming four years, but it won’t be by leaps and bounds, Deutsche Bank’s chief energy economist said Thursday.

Natural gas prices will be rising over the coming four years, but it won’t be by leaps and bounds, Deutsche Bank’s chief energy economist said Thursday.

Transco Zone 6-New York City again skyrocketed by more than a dollar and further raised the peak price bar to $10 Tuesday, but the overall cash market rally had run out of gas, so to speak. Only Iroquois Zone 2 and Columbia-Appalachia managed to join NYC in higher numbers; the rest of the market ranged from flat to down about 20 cents. Most declines were around a dime or slightly less.

Activity continues to grow by leaps and bounds on the IntercontinentalExchange (ICE) commodity marketplace as traders who formerly did a significant amount of their business on EnronOnline flock to the ICE platform. The company said average daily activity systemwide is up 30% compared to only one month ago. A total of 630 Bcf of gas was traded on Jan. 9 alone, and 17 million MWh was traded on Jan. 14, setting a new daily record.

Activity continues to grow by leaps and bounds on the IntercontinentalExchange (ICE) commodity marketplace as traders who formerly did a significant amount of their business on EnronOnline flock to the ICE platform. The company said average daily activity systemwide is up 30% compared to only one month ago. A total of 630 Bcf of gas was traded on Jan. 9 alone, and 17 million MWh was traded on Jan. 14, setting a new daily record.

For Anadarko, growing in leaps and bounds before it joined forces with United Pacific Resources, a merger just made sense. For EOG Resources, which at one time had been part of mega-marketer Enron, smaller is better, and a merger would not make sense. There is no denying, however, that the disparate strategies have worked for both.

For Anadarko, growing in leaps and bounds before it joined forces with United Pacific Resources, a merger just made sense. For EOG Resources, which at one time had been part of mega-marketer Enron, smaller is better, and a merger would not make sense. There is no denying, however, that the disparate strategies have worked for both.

One of the United Kingdom’s leading natural gas suppliers took ahuge step across the Big Pond last week, agreeing to purchase oneof Canada’s largest gas marketers. Centrica Plc will pay $612million in cash and assumed debt for Calgary’s Direct EnergyMarketing Ltd. and its associated marketer, Natural GasWholesalers.

Regulatory changes and steady growth in U.S. natural gasconsumption will trigger a 21% increase in storage capacity overthe next 15 years, according to a new study of gas storage by theGas Research Institute.