Predictions

Due to predictions of Florida temperatures in the mid 90s, Florida Gas Transmission told market-area customers it was issuing an Overage Alert Day Wednesday with 25% tolerance for negative daily imbalances.

The market was marginally stronger Tuesday as forecasts of Midwestern lows not far above freezing joined sub-freezing predictions for the Rockies and much of Western Canada in creating extra heating load. Overall temperatures, however, were expected to get no lower than chilly (40s) in most areas, and thus flat to higher numbers only modestly outnumbered losses.

Canadian natural gas exporters have recorded their first revenue gain in more than two years, prompting predictions that a drilling and supply recovery will develop within months. In the long-awaited turn for the better, sharply rising sales volumes more than made up for negative effects on prices and corporate incomes of unfavorable exchange rates, trade records of the National Energy Board (NEB) show.

Canadian natural gas exporters have recorded their first revenue gain in more than two years, prompting predictions that a drilling and supply recovery will develop within months. In the long-awaited turn for the better, sharply rising sales volumes more than made up for negative effects on prices and corporate incomes of unfavorable exchange rates, trade records of the National Energy Board (NEB) show.

The new international natural gas trade year is off to a brisk start amid predictions that 2008 will mark the start of a price recovery and possibly a drilling revival for Canadian producers.

The new international natural gas trade year is off to a brisk start amid predictions that 2008 will mark the start of a price recovery and possibly a drilling revival for Canadian producers.

Sticking to its earlier predictions, which are in line with a number of other forecasting firms, the National Oceanic and Atmospheric Administration (NOAA) said Thursday it still sees above-average temperatures this winter for most of the United States.

Another energy analyst is forecasting a decline in Canadian natural gas exports to the United States, mirroring predictions by Canadian experts and the National Energy Board (NEB). According to Friedman, Billings, Ramsey & Co. Inc., Canadian gas exports are expected to decline this year by 4% (0.4 Bcf/d), following a similar decline in 2006.

With predictions for another warmer-than-normal winter in the United States, energy demand may be dampened, but there will still be enough cold snaps to provide for periods of natural gas price spikes, Sempra Energy Trading’s meteorologist told an industry conference for marketers and buyers in Los Angeles Tuesday.