Following a successful restart of its Internet-only, Access trading session late Friday afternoon, the New York Mercantile Exchange resumed open-outcry trading Monday morning at 11 a.m. (EDT) in an abbreviated, three-hour session. And just as it has been each day since the beginning of the year, sellers had the upper hand in the natural gas pit, as they pressured the October contract to within striking distance of recent lows. The prompt month finished at $2.369, 18.3 cents beneath Friday’s $2.552 close.
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Columbia to Restart Cove Point Imports; LNG on the Rise
The role of liquefied natural gas (LNG) in the U.S. gas supplymix continues to grow. Last year’s third quarter saw a significantpercentage jump in LNG imports, and that trend likely will continuewith LNG import facilities being reopened in Maryland and Georgia.
January 17, 2000
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