Mindful

Mindful of in-state natural gas needs, U.S. Sen. Lisa Murkowski (R-AK) last Thursday introduced legislation designed to streamline development of an in-state natural gas pipeline in Alaska by allowing its passage through a national park.

Mindful of declining production in its traditional Gulf of Mexico area supply base, Atlanta, GA-based AGL Resources is focusing increasingly on the potential for LNG, including increased supplies from the two established LNG import terminals on the southeastern Atlantic Coast and possibilities for another import terminal on its waterfront property in an industrial area near Norfolk and Virginia Beach, VA, AGL Chairman Paula Rosput said Wednesday.

Mindful of declining production in its traditional Gulf of Mexico area supply base, Atlanta, GA-based AGL Resources is focusing increasingly on the potential for LNG, including increased supplies from the two established LNG import terminals on the southeastern Atlantic Coast and possibilities for another import terminal in an industrial area near Norfolk and Virginia Beach, VA, AGL Chairman Paula Rosput said Wednesday.

Following a topsy-turvy span of trading in which prices fell Thursday as quickly as they rose Wednesday, natural gas futures sputtered sideways to slightly higher Friday as traders gently covered shorts ahead of the weekend and the Monday expiration of the August contract. August closed 3.4 cents higher at $2.936. For the second day in a row, volume in the gas pit was heavy with an estimated 171,719 contracts changing hands.

Following a topsy-turvy span of trading in which prices fell Thursday as quickly as they rose Wednesday, natural gas futures sputtered sideways to slightly higher Friday as traders gently covered shorts ahead of the weekend and the Monday expiration of the August contract. August closed 3.4 cents higher at $2.936. For the second day in a row, volume in the gas pit was heavy with an estimated 171,719 contracts changing hands.