Possibly

Canadian producers are braced for severe summer price lows — possibly below C$2.00/MMBtu (US$1.80) — as international traffic in natural gas continues to slow down on oversupplied markets.

Canadian producers are braced for severe summer price lows — possibly below C$2.00/MMBtu (US$1.80) — as international traffic in natural gas continues to slow down on oversupplied markets.

British Columbia (BC) will grow to match Alberta — and possibly surpass it — as Canada’s prime supply source as development of shale deposits accelerates, the nation’s biggest natural gas producer predicts.

British Columbia (BC) will grow to match Alberta — and possibly surpass it — as Canada’s prime supply source as development of shale deposits accelerates, the nation’s biggest natural gas producer predicts.

Sen. Lisa Murkowski (R-AK) signaled she would oppose any attempt by the Democratic leadership to possibly merge energy legislation and a cap-and-trade bill on the Senate floor this year. Lumping two very controversial pieces of legislation into a single-bill strategy will make final passage very difficult, said the ranking Republican on the Senate Energy and Natural Resources Committee. The energy bill is expected to address a number of contentious issues, including federal siting of electric transmission facilities, drilling in the previously banned areas of the Outer Continental Shelf and a renewable energy standard (see NGI, March 9). Committee Chairman Jeff Bingaman (D-NM) has indicated that energy and cap-and-trade legislation should be dealt with separately. Cap-and-trade “[is] not as ready for prime time in my opinion,” he said. Murkowski said she and her staff are working in a bipartisan fashion with Bingaman and his staff on a comprehensive energy bill that they hope to mark up by the end of March.

Sen. Lisa Murkowski (R-AK) Friday signaled that she would oppose any attempt by the Democratic leadership to possibly merge energy legislation and a cap-and-trade bill on the Senate floor this year.

With traders possibly worn out from the recent lack of direction in the natural gas futures market, the January contract on Wednesday unsurprisingly traded within a snug 20-cent range before closing out the regular session at $6.347, down 7.7 cents from Tuesday’s close.

With the year’s seventh named tropical storm, Hurricane Gustav, forecast to strengthen and possibly enter the southeastern Gulf of Mexico this weekend, WSI Corp. said its forecast for the Atlantic hurricane season remains unchanged, with 15 named storms, including nine hurricanes, four of them intense (Category Three or greater) to form by Nov. 30.

House Democrats plan to introduce energy legislation, possibly as early as this week, that would include a recycled proposal and some sweeteners in an attempt to boost production of domestic oil and natural gas resources in the Lower 48 states and Alaska. The legislation comes as Republicans’ calls to open up the Arctic National Wildlife Refuge and more of the Outer Continental Shelf to drilling grow louder, and as crude oil, natural gas and gasoline prices continue to steadily rise.