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Public Service Electric and Gas Co. (PSE&G) on Friday received approval from New Jersey regulators to increase natural gas delivery base rates by 0.9%. The company in turn agreed to lower residential gas supply charges by about 5%, which it said would result in an immediate 4% overall bill decrease for typical residential customers.

Revised projections show less liquefied natural gas (LNG) coming to the United States than analysts at Barclays Capital previously thought. However, domestic production growth has been more robust than they expected. Gas will need to displace coal for power generation in order for the storage injection season to end with about 4 Tcf underground, the analysts said in a recent note.

Marketers reported an overall 4Q2009 decrease of less than 1% from the previous year’s period, but a flood of of production from shale plays could influence the market’s next move. read more

June natural gas futures carved out a modest advance Thursday after the release of government inventory data showed increases less than what the market was expecting.

Flat — or close to it — numbers reigned in the cash market Thursday as forecasts for freezing-or-less lows ranging from the Northeast through the Rockies dueled with moderate conditions in most of the southern U.S.

Flat — or close to it — numbers reigned in the cash market Thursday as forecasts for freezing-or-less lows ranging from the Northeast through the Rockies dueled with moderate conditions in most of the southern U.S.

The Senate Banking Committee voted out legislation overhauling the financial reform in less than a half hour late Monday. The measure has drawn fire from the energy industry for its failure to provide end-users, such as industrial consumers and producers, with an exemption from the proposed clearing and trading requirements for the nearly $500 trillion over-the-counter (OTC) derivatives market.

The Senate Banking Committee voted out legislation overhauling the financial reform in less than a half hour late Monday. The measure has drawn fire from the energy industry for its failure to provide end-users, such as industrial consumers and producers, with an exemption from the proposed clearing and trading requirements for the nearly $500 trillion over-the-counter (OTC) derivatives market.

When it comes to royalties, less is more as far as producers are concerned. But a proposed restructuring of Alberta’s royalty scheme announced earlier this month might not be enough to stem rapid gas production declines in the province, analysts at Barclays Capital warned recently.