Unlike the recent past when penetration of the $6 level has been short-lived, March natural gas futures on Friday instead appeared to be fairly comfortable trading in the high $5.90s. Whether the prompt month can stay below $6 following the long holiday weekend is another question entirely.
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Northeast, FL Citygate Spikes Stand Out Amid Flatness
Although this week’s winter siege likely was reaching its maximum area of penetration Wednesday, for the most part it had lost much of its price-boosting power. Except for big advances by Florida citygates and some citygates in the Northeast, the rest of the cash market had settled down for a generally flat performance, with scattered points showing 1 to 5 cent increases.
February 28, 2002
Penn Octane, PG&E Forge Multi-Year NGL Deal
Seeking deeper penetration into Mexico’s gas liquids market,Penn Octane Corp. entered into a multi-year, $40 million contractwith PG&E Natural Gas Liquids (NGL) Marketing L.P. to purchasesupplies of liquefied petroleum gas (LPG), the companies saidyesterday. The LPG will be supplied to Penn Octane’s pipelinenetwork in Texas from PG&E’s Shoup Fractionation Plant nearCorpus Christi, TX.
October 27, 1999
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