The Energy Information Administration in its latest Annual Energy Outlook (AEO2009) Tuesday raised its projection for domestic natural gas production and demand in the coming decades, citing the continued rapid growth in gas shale development and demand for gas by power generators. But it predicts a smaller role for imports of liquefied natural gas (LNG) in the years ahead.
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Sempra Faces Possible $55M Hit on Liberty Storage
San Diego-based Sempra Energy’s aggressive natural gas pipeline and storage plays, particularly tied to the Gulf of Mexico, could take a hit of up to $55 million if current assessments of the cavern prove negative in its salt dome Liberty Storage project in Louisiana, Sempra CEO Donald Felsinger said in an earnings conference call last Tuesday. Definitive information should be available in the next two to three months, he said.
Barclays: Recession Cuts Gas Demand for Power
Economic strife and the consequent downturn in gas demand, particularly for power generation, and growing domestic production have flipped the priorities of the gas industry, at least for the time being, according to analysts at Barclays Capital.
Barclays: Power Plants Most Likely Home for Growing Gas Supply
Economic strife and the consequent downturn in gas demand, particularly for power generation, and growing domestic production have flipped the priorities of the gas industry, at least for the time being, according to analysts at Barclays Capital.
Williams Expects Hurricanes to Clip 3Q Profits by $50-70M
The Williams Cos. said it expects its operations, particularly its natural gas midstream businesses, to take a hit on profits in the third quarter of $50-70 million due to the damage inflicted by hurricanes Gustav and Ike.
Natural Gas Costs Drag on Wisconsin Energy’s Earnings
Fuel costs, particularly the level and volatility of wholesale natural gas prices, cut into robust first quarter results for Milwaukee-based Wisconsin Energy, following record electricity and natural gas retail utility consumption in the winter quarter, the utility reported Tuesday.
CIG’s High Plains Expansion Gets Green Light
FERC Thursday approved Colorado Interstate Gas Co.’s (CIG) proposed expansion of its system to serve growing natural gas demand along the Colorado Front Range, particularly in the Denver metropolitan area.
Customer Satisfaction with Gas Utilities Shows Gains
Customers are paying slightly more for natural gas than they were a year ago, but customer satisfaction — particularly with price and value — has increased, in part because utilities are educating customers about managing energy costs, according to a study by J.D. Power and Associates.
Customer Satisfaction with Gas Utilities Shows Gains
Customers are paying slightly more for natural gas than they were a year ago, but customer satisfaction — particularly with price and value — has increased, in part because utilities are educating customers about managing energy costs, according to a study by J.D. Power and Associates.
Questar CEO Urges Industry to Join Climate Warming Debate
Natural gas use has to be part of any climate-friendly policy, but the industry so far has done a poor job of convincing a skeptical public that it can find, develop and deliver gas at a reasonable price without harming the environment, Questar Corp. CEO Keith O. Rattie said Tuesday.