The United States can count on selling a growing sliver of its natural gas production to Mexico as the country’s reliance on gas-fired power generation grows, domestic oil production overshadows that of gas, and liquefied natural gas (LNG) tankers spurn the country’s terminals for more lucrative markets, Barclays Capital analysts said last week.
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Mexico to Need More U.S. Gas, Analysts Say
The United States can count on selling a growing sliver of its natural gas production to Mexico as the country’s reliance on gas-fired power generation grows, domestic oil production overshadows that of gas, and liquefied natural gas (LNG) tankers spurn the country’s terminals for more lucrative markets, Barclays Capital analysts said Tuesday.
Storage Injection Pushed Aside as Futures Retrace, Consolidate
Despite a storage injection well within industry expectations, May natural gas futures consolidated lower on Thursday, taking away a sliver of the week’s hefty gains. The prompt month closed at $8.064, down 12.8 cents on the day, but still 92.9 cents higher for the week.
Prices End Year on Mixed But Mostly Softer Note
Flat to about 15 cents higher pricing in the West and at some points in the Gulf Coast and Midcontinent/Midwest markets was outweighed Wednesday by declines ranging from a little under a nickel to more than 30 cents. Northeast citygates took the heaviest hits as the eastern U.S. continued to see temperatures rise following a frigid holiday weekend.
NRG Energy Defers $53.5 Million Principal Payment Due on Bonds
NRG Energy Inc. last Monday said that it was deferring the $53.5 million principal payment due on its NRG Northeast Generating LLC bond series, but in a sliver of good news the financially troubled generator said last week it made the $24.7 million interest payment due on the series.
Strong Close Gives Bulls Sliver of Hope
Buoyed by a late short-covering rally natural gas futuresstruggled back up to just below unchanged yesterday as traderschose to wait on the sidelines ahead of the release of freshstorage data. The closing up-tick was the only feature bulls couldstomach in a market preoccupied by continued mild weather acrossmuch of the country. The February contract finished down 0.8 centsat $2.168 following a session that saw prices match Tuesday’s $2.20high but plumb a half-cent below Tuesday’s $2.13 low.