Robust

Even with depressed wholesale prices, the North American natural gas industry still carries a need for robust “new and different” infrastructure, according to San Diego-based Sempra Energy CEO Donald Felsinger, who commented on the industry outlook as part of a third quarter earnings conference call Monday. The new gas plays in North America make new pipeline and storage facilities a necessity, Felsinger said.

Given robust gas production from unconventional plays and abundant gas in storage, the American Gas Association (AGA) Monday predicted that consumers will enjoy lower gas bills this winter compared with last year.

World leaders must agree on “an ambitious, robust and equitable global deal on climate change that responds credibly to the scale and urgency of the crisis facing the world today,” according to The Copenhagen Communique, a statement published last week by the business leaders of more than 500 companies from around the world that participated in the UN Summit on Climate Change in New York.

World leaders must agree on “an ambitious, robust and equitable global deal on climate change that responds credibly to the scale and urgency of the crisis facing the world today,” according to The Copenhagen Communique, a statement published jointly Tuesday by the business leaders of more than 500 companies from around the world that participated in the UN Summit on Climate Change in New York.

While some have said robust production from Lower 48 gas shales has all but doomed Arctic gas pipeline development, a Purvin & Gertz Inc. consultant believes developers that make haste and not waste can pull their projects through.

Robust domestic gas production offset increased demand last year to yield a drop in total imports of natural gas during 2008, the Energy Information Administration (EIA) reported recently.

While some have said robust production from Lower 48 gas shales has all but doomed Arctic gas pipeline development, a Purvin & Gertz Inc. consultant believes developers that make haste and not waste can pull their projects through.

Robust domestic gas production offset increased demand last year to yield a drop in total imports of natural gas during 2008, the Energy Information Administration (EIA) reported last Friday.

October natural gas futures exploded higher on Thursday despite the news from the Energy Information Administration (EIA) that a fairly robust 69 Bcf was injected into underground natural gas storage for the week ending Sept. 4. The prompt-month contract reached a high of $3.278 before closing Thursday’s regular session at $3.256, up 42.7 cents from Wednesday’s close.