Sized

The overall physical natural gas market Tuesday on average gained 12 cents, but if super-sized gains scored at Northeast points are removed from the tally, the overall gain was a more modest 7 cents. Gains, nonetheless, were widespread and only a couple of locations didn’t make it to the positive side of the trading ledger. At the close of futures trading, March had fallen 4.9 cents to $3.230 and April was off 5.0 cents to $3.296. March crude oil added 48 cents to $97.51/bbl.

Canada’s National Energy Board (NEB) has refused to let TransCanada Corp. grab an early lead in building new pipelines for shale gas in northern British Columbia (BC) by rejecting immediate construction of a jumbo link to the main drilling target, the Horn River Basin.

Physical gas markets were led lower again by the super-sized declines posted at eastern and northeast locations. Overall, the market averaged a 33-cent decline, but if the multi-dollar losses on New England and eastern pipes are factored out, the average loss was just a nickel.

With some support from the previous Friday’s futures advance, the cash market was finding enough increases in colder weather either already in place or imminent to realize gains at a sizeable majority of locations the board Monday.

Three medium-sized public sector power utilities in California last Thursday sold $901 million in bonds through a financing arm, M-S-R Energy Authority, to support a 30-year natural gas purchase that will be shared by the trio. This is akin to other long-term group gas purchases by similar public-sector utility groups in Northern and Southern California in recent years.

Three medium-sized public sector power utilities in California on Thursday sold $901 million in bonds through a financing arm, M-S-R Energy Authority, to support a 30-year natural gas purchase that will be shared by the trio. This is akin to other long-term group gas purchases by similar public-sector utility groups in Northern and Southern California in recent years.

Three utility gas buyers and a medium-sized California food processor swapped stories about planning and buying natural gas supplies, and the moral to their collective tales is: “it ain’t easy” from either sector. They made their comments as part of the final panel at the two-day LDC Forum: Rockies & West conference in Los Angeles.

Trunkline Gas Co. LLC has filed an amended application seeking the go-ahead to increase the size of a FERC-approved pipe looping project that would serve affiliate Trunkline LNG’s proposed expansion of its liquefied natural gas (LNG) terminal in Lake Charles, LA.

Trunkline Gas Co. LLC has filed an amended application seeking the go-ahead to increase the size of a FERC-approved pipe looping project that would serve affiliate Trunkline LNG’s proposed expansion of its liquefied natural gas (LNG) terminal in Lake Charles, LA.