According to one natural gas futures trader, the June contract on Wednesday went off the board like “a sleeping lamb” as it gained one-tenth of a cent to expire at $3.538. The July contract, which now assumes front-month status, slipped five-tenths of a cent on the day to close at $3.638.
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Massive LNG Supply to Underpin Gazprom U.S. Marketing
Gazprom, the dominant supplier of pipeline gas to Russia, the former Soviet states and much of western Europe, has been a sleeping bear when it comes to LNG (liquefied natural gas). That is about to change as Russia’s gas titan lays the groundwork for a U.S. gas marketing and trading operation with an office in Houston and, ultimately, all the trappings of any other gas marketer.
Gazprom Establishing U.S. Marketing Beachhead With LNG
Gazprom, the dominant supplier of pipeline gas for Russia, the former Soviet states and much of western Europe, has been a sleeping bear when it comes to LNG (liquefied natural gas). That is about to change as Russia’s gas titan lays the groundwork for a U.S. gas marketing and trading operation with an office in Houston and, ultimately, all the trappings of any other gas marketer.