Rising

It was difficult to discern where the support was coming from, but most points were still rising by small amounts Tuesday. Cooling load was fairly light outside the desert Southwest and much of California, and the 20.2-cent drop Monday by October futures certainly didn’t suggest any rationale for further cash increases.

FERC Tuesday upheld its orders conditionally approving the first liquefied natural gas (LNG) import terminal and associated sendout pipeline to serve rising natural gas demand in the Pacific Northwest. It also denied the state of Oregon’s bid to stay the project.

Rising pipeline and gathering system pressures over the next few months “will likely result in involuntary natural gas production curtailments across the industry,” Chesapeake Energy Corp. officials said last week.

Signs of recovery in some sectors of the U.S. economy and rising consumer confidence have driven oil prices steadily higher in recent months, but other areas of the energy sector, including natural gas, have yet to be impacted by the “hope premium,” according to a report issued last week by Ernst & Young’s Americas Oil & Gas Center.

Rising pipeline and gathering system pressures over the next few months “will likely result in involuntary natural gas production curtailments across the industry,” Chesapeake Energy Corp. officials said Thursday.

Signs of recovery in some sectors of the U.S. economy and rising consumer confidence have driven oil prices steadily higher in recent months, but other areas of the energy sector, including natural gas, have yet to be impacted by the “hope premium,” according to a report issued Monday by Ernst & Young’s Americas Oil & Gas Center.

A rising tide of liquefied natural gas (LNG) will lift deliveries to terminals in Europe and the United States this year, and traders seeking insight into which side of the Atlantic Basin will get the bulk of the LNG spillover should watch oil prices, according to analysts at Merrill Lynch.

A rising tide of liquefied natural gas (LNG) will lift deliveries to terminals in Europe and the United States this year, and traders seeking insight into which side of the Atlantic Basin will get the bulk of the LNG spillover should watch oil prices, according to analysts at Merrill Lynch.

The cash market was approximately evenly divided between rising and falling points Thursday, with most of the newfound firmness following Wednesday’s drops at nearly all locations based on moderate prior-day screen support and residual cold in sections of the West. The overall weather outlook was bearish as temperatures in most areas are forecast to be above seasonal levels Friday.