Limits

Some parts of the North American natural gas storage system may reach their operational limits this fall, resulting in “abrupt decreases” in gas prices as some storage fields are unable to receive injections, according to an analysis by Cambridge Energy Research Associates (CERA) that was released Monday.

Natural gas futures continued their range-bound dance Monday as May natural gas tested the upper limits of the recent $6.65 to $7.65 trading range. After hitting a high of $7.630 late in the afternoon, the prompt month went on to settle at $7.577, up 44.2 cents on the day.

The Natural Gas Supply Association’s (NGSA) latest winter outlook predicts that there will be no gas “shortages” for firm customers this winter despite supply concerns given the damage from two major hurricanes.

Based on prior-day screen strength and continuing limits on available supply from the Gulf Coast, most points in the Gulf Coast, Midcontinent/Midwest and Appalachian markets were in rebound mode Friday. But overall price movement was mixed, with several points in the above areas along with the Northeast and much of the West flat to down as much as a little over a half dollar.

As long cases testing the limits of access to suburban Alberta drilling targets ground through the regulatory process this winter, even the industry’s environmental critics showed respect for the central role natural gas plays in livelihoods and public services across Canada’s chief producing province.

As long cases testing the limits of access to suburban Alberta drilling targets ground through the regulatory process this winter, even the industry’s environmental critics showed respect for the central role natural gas plays in livelihoods and public services across Canada’s chief producing province.

Continuing to test its upper price limits due to the fact that cold has finally come to the East, January natural gas futures climbed higher Tuesday, settling near the day’s high.

Continuing to test its upper price limits due to the fact that cold has finally come to the East, January natural gas futures climbed higher Tuesday, settling near the day’s high.

Projected emissions from Freeport LNG Development LP’s proposed liquefied natural gas (LNG) import terminal and natural gas pipeline “will be in conformity” with the emissions output that Texas has budgeted for the Houston/Galveston area for 2007, when the facilities are expected to start up, FERC said in a draft determination last Tuesday.