The New York Mercantile Exchange Inc. (Nymex) announced Tuesday that a record 10,000 natural gas calendar spread options contracts were traded on Dec. 15, surpassing the previous record of 6,600 contracts on Oct. 15, 2004. “This record is a further indication that the energy industry continues to see the exchange as a reliable source of risk management, liquidity, and price transparency,” said James E. Newsome, president of Nymex.
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Panel: LNG Imports to Surpass 8% by 2010
The role of liquefied natural gas (LNG) will play an ever bigger role for the United States, with imports surpassing more than 8% of total domestic supply by 2010, according to industry experts speaking Tuesday at GasMart/Power 2003 in New Orleans.
Panel: LNG Imports to Surpass 8% by 2010
The role of liquefied natural gas (LNG) will play an ever bigger role for the United States, with imports surpassing more than 8% of total domestic supply by 2010, according to industry experts speaking Tuesday at GasMart/Power 2003 in New Orleans.
SoCalGas Sets Sendout, Storage Records
Surpassing the Tcf milestone again, San Diego, CA-based Sempra Energy’s Southern California Gas Co. utility unit racked up all-time records for sendout, receipts and storage in 2001, establishing new standards for its 135-year history. And this year, its officials estimate it will take more of the 12 months to fully implement the state-approved settlement for future unbundling of its in-state transmission and underground storage operations, making them closer to what happens on the Pacific Gas and Electric Co. natural gas system in the northern half of the state.
Futures Fumble into Expiry as Storage Injections Keep Pace
Surpassing most expectations yet again, the weekly storage injection figure announced yesterday by the American Gas Association sent natural gas futures spiraling lower late in the session yesterday, pressing the expiring contract to fresh 13-month lows. With that selling pressure, July went off the board at $3.182, down 21.5 cents for the session and 62.8 cents below where it was when it began its tenure as prompt month on May 29.
EnronOnline: One Million and Counting
EnronOnline completed its one-millionth transaction this week, surpassing any of the other online exchanges with its commodity trading. It began transacting natural gas and electricity in November 1999 and since then has extended its platform to about 1,500 wholesale commodity products ranging from energy-related commodities to bandwidth, metals, forest products, plastics, petrochemicals and weather and credit derivatives.
Georgia PSC Undecided about Customer Assignment
Despite three of Atlanta Gas Light’s nine gas customer poolssurpassing the Georgia Public Service Commission’s (GPSC)requirements to become fully competitive, the GPSC is uncertainabout moving forward with the customer assignment process becauseof planned legislation that would declare Atlanta Gas Light’s (AGL)entire service territory competitive possibly as early as thisfall.
Georgia PSC Holds Back Customer Assignment
Despite three of Atlanta Gas Light’s nine gas customer poolssurpassing the Georgia Public Service Commission’s (GPSC)requirements to become fully competitive, the GPSC has decided notto move forward with the customer assignment process because ofplanned legislation that would declare Atlanta Gas Light’s (AGL)entire service territory competitive possibly as early as thisfall.