Natural gas buyers, from metals companies to food and paper processing conglomerates, and some of the largest chain stores, will be attending the GasMart 2007 conference hosted by Intelligence Press Inc. (IPI) in the Hyatt Regency McCormick Place Hotel in downtown Chicago, May 9-11. This 21st annual event features an all-new focus on its exclusive Market Network Center where buyers and sellers meet.
Stores
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Storage Report a Nonevent; February Gas Continues Lower as Year-End Nears
Coming in well within industry expectations, the Energy Information Administration (EIA) reported Thursday morning that 162 Bcf was withdrawn from underground stores for the week ended Dec. 23. The report fell on mostly deaf ears within the industry as February natural gas futures worked lower into the afternoon to settle at $11.223, down 41.4 cents from Wednesday’s close.
Storage Offers No Respite as Futures Notch 30-Month High
While an outright bearish natural gas storage report was needed to stem the recent meteoric rise in futures prices, traders received no such help Thursday morning as the Energy Information Administration (EIA) reported a slightly bullish 43 Bcf injection for the week ended Aug. 5.
Williams Energy Partners Gives Greater Control to Unitholders
Tulsa, OK-based Williams Energy Partners LP (WEP), a partnership that transports and stores refined products and ammonia, sought to distance itself from troubled Williams Cos. Inc. last week by making changes to its partnership agreement to give greater control to unitholders.
Williams Energy Partners Gives Greater Control to Unitholders
Tulsa, OK-based Williams Energy Partners LP (WEP), a Williams’ partnership affiliate that transports and stores refined products and ammonia, said Monday it has made changes to its partnership agreement to give greater control to unitholders.