Malin

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

The 680-mile proposed interstate natural gas pipeline — called Ruby Pipeline — that would extend from the Opal Hub in Wyoming to an interconnect at Malin, OR, took another step toward becoming a reality last week after Pacific Gas and Electric Co. (PG&E), the project’s anchor shipper, received a favorable proposed decision regarding the project from a California Public Utilities Commission (CPUC) administrative law judge (ALJ). In related news, the U.S. Bureau of Land Management (BLM) said it is holding a number of public meetings to obtain comments on the environmental ramifications of the proposed pipeline.

The 680-mile proposed interstate natural gas pipeline — called Ruby Pipeline — that would extend from the Opal Hub in Wyoming to an interconnect at Malin, OR, took another step toward becoming a reality last week after Pacific Gas and Electric Co. (PG&E), the project’s anchor shipper, received a favorable proposed decision regarding the project from a California Public Utilities Commission (CPUC) administrative law judge (ALJ). In related news, the U.S. Bureau of Land Management (BLM) said it will hold a number of public meetings to obtain comments on the environmental ramifications of the proposed pipeline.

The August aftermarket was launched Thursday with modest downturns at nearly every point. Malin, the PG&E citygate and a few Rockies points were flat to a couple of pennies higher; otherwise, declines ranged from about 2 cents to a dime.

Except for falling San Juan Basin and Malin numbers, prices sawfairly substantial rebounds in post-weekend trading Monday. Coldweather prevailing throughout most of the eastern U.S., highlightedby a potentially severe winter storm developing in the Northeast,plus a large loss of offshore production, were primarilyresponsible for the firmness, sources said.