Reach

Sen. Jeff Bingaman (D-NM), chairman of the Senate Energy and Natural Resources Committee, has agreed to help lead a summit in mid-September in an attempt to reach a bipartisan compromise on energy legislation.

Prices were up strongly again at most points Friday as nearly all of the East braced for a weekend in which peak temperatures would reach about 90 degrees or higher. The cash market also continued to have strong prior-day futures support from the 14-cent advance by the July natural gas contract on Thursday.

Despite increasing domestic gas production, “it will be hard for U.S. natural gas inventories to reach full levels by the end of the summer” if imports of liquefied natural gas (LNG) remain at record-low levels, Goldman Sachs energy analysts wrote in a research note last week.

Despite increasing domestic gas production, “it will be hard for U.S. natural gas inventories to reach full levels by the end of the summer” if imports of liquefied natural gas (LNG) remain at record-low levels, Goldman Sachs energy analysts wrote in a research note this week.

Cheniere Energy Inc. last Wednesday said its marketing subsidiary was in advanced negotiations to reach an outsourcing deal with a major North American natural gas marketing firm to manage the throughput of liquefied natural gas (LNG) and the downstream gas market for LNG cargoes delivered for Cheniere Marketing’s account at the Sabine Pass LNG terminal in Cameron Parish, LA.

Cheniere Energy Inc. said Wednesday its marketing subsidiary is in advanced negotiations to reach an outsourcing deal with a major North American natural gas marketing firm to manage the throughput of liquefied natural gas (LNG) and the downstream gas market for LNG cargoes delivered for Cheniere Marketing’s account at the Sabine Pass LNG terminal in Cameron Parish, LA.

With the resignation of disgraced New York Gov. Eliot Spitzer effective Monday, the Connecticut Senate president said his state should reach out to New York Lt. Gov. David Paterson in an effort to secure New York’s opposition to the Broadwater offshore liquefied natural gas (LNG) terminal, according to press reports.

Most points continued to rise Tuesday as frigid weather extended its reach into some areas, although moderation was forecast in some parts of the South for Wednesday. An across the board run of firmness was averted by flat to about 15 cents lower numbers in several scattered instances.

Regency Energy Partners LP has agreed to acquire Nexus Gas Holdings LLC for $85 million, expanding its reach in North Louisiana and East Texas, the Dallas-based company said.