Assuming normal weather through January, and barring a major oil supply disruption during the period, Stephen Smith Energy Associates is forecasting a natural gas target price in the range of $5.50-$6/MMBtu for February Henry Hub bidweek prices.
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EIA Projects 12.9% Annual Increase in LNG Imports Through 2025
In a new long-term forecast, the Energy Information Administration (EIA) sees a 12.9% annual increase in liquefied natural gas (LNG) imports and new supply from Alaska carrying most of the load in meeting 1.5% annual growth in domestic gas demand through 2025.
EIA Projects 12.9% Annual Increase in LNG Imports Through 2025
In a new long-term forecast, the Energy Information Administration (EIA) sees a 12.9% annual increase in liquefied natural gas (LNG) imports and new supply from Alaska carrying most of the load in meeting 1.5% annual growth in domestic gas demand through 2025.
PG&E Sees 11% Jump in Retail Natural Gas Charges
December looks like it will be crunch time for rising natural gas prices, according to Pacific Gas and Electric Co., which Wednesday released a warning to its customers that it expects an 11% hike in average retail bills this month. The run-up in prices has been widely predicted by industry, utility and government sources for some time, the PG&E utility said in urging its gas customers to take steps to lessen the impact of the higher wholesale costs.
Williams to Boost E&P Spending in ’05 by 26%; Sees Powder River Gains
Taking advantage of continuing high natural gas prices, Williams said Tuesday it will boost its exploration and production (E&P) spending next year by 26% to not only increase production, but also bulk up probable and possible oil and gas reserves, which are now estimated at more than 4 Tcf.
PG&E Sees 11% Jump in Retail Natural Gas Charges
December looks like it will be crunch time for rising natural gas prices, according to Pacific Gas and Electric Co., which Wednesday released a warning to its customers that it expects an 11% hike in average retail bills this month. The run-up in prices has been widely predicted by industry, utility and government sources for some time, the PG&E utility said in urging its gas customers to take steps to lessen the impact of the higher wholesale costs.
PG&E Sees 11% Jump in Retail Natural Gas Charges
December looks like it will be crunch time for rising natural gas prices, according to Pacific Gas and Electric Co., which Wednesday released a warning to its customers that it expects an 11% hike in average retail bills this month. The run-up in prices has been widely predicted by industry, utility and government sources for some time, the PG&E utility said in urging its gas customers to take steps to lessen the impact of the higher wholesale costs.
Williams to Boost E&P Spending in ’05 by 26%; Sees Powder River Gains
Taking advantage of continuing high natural gas prices, Williams said Tuesday it will boost its exploration and production (E&P) spending next year by 26% to not only increase production, but also bulk up probable and possible oil and gas reserves, which are now estimated at more than 4 Tcf.
Williams to Boost E&P Spending in ’05 by 26%; Sees Powder River Gains
Taking advantage of continuing high natural gas prices, Williams said Tuesday it will boost its exploration and production (E&P) spending next year by 26% to not only increase production, but also bulk up probable and possible oil and gas reserves, which are now estimated at more than 4 Tcf.
Report Sees No Progress Toward Lifting Offshore BC Drilling Moratorium
The marathon review of a 32-year-old moratorium against natural gas exploration offshore of British Columbia has ended in a hung jury — and a warning to the minority Liberal government in Ottawa that it will take its life in its hands if it tries to change the status quo.