Physical natural gas prices overall added 4 cents Tuesday as bidweek trading got into full swing. Traders saw most resorting to historical purchases and sales of bidweek volumes with no one trying to buy or sell index based on expected market direction. Eastern and Northeast points led the day’s advance, but most market points were steady to slightly higher, and only a few reported losses. At the close of futures trading, June had skidded 6.3 cents to $4.174 and July was off 6.0 cents to $4.224. July crude oil added 86 cents to $95.01/bbl.
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Securing Gas Supplies Vexing Alaska Utilities
Alaska’s ENSTAR Natural Gas Co. is resorting to a previously unused tariff provision to secure gas supplies to cover what would be a 2.1 Bcf shortfall this year and a potential 9 Bcf shortfall in 2010. Meanwhile, contract talks between Anchorage-based Chugach Electric Association, the state’s largest electric utility, and a trio of Cook Inlet gas producers are at a stalemate over how supplies should be priced.
January 12, 2009
Alaska Utilities Face Supply Challenges as Contracts Wind Down
Alaska’s ENSTAR Natural Gas Co. is resorting to a previously unused tariff provision to secure gas supplies to cover what would be a 2.1 Bcf shortfall this year and a potential 9 Bcf shortfall in 2010. Meanwhile, contract talks between Anchorage-based Chugach Electric Association, the state’s largest electric utility, and a trio of Cook Inlet gas producers are at a stalemate over how supplies should be priced.
January 6, 2009
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