While terrorist attacks on Middle East energy infrastructure have spooked primarily U.S. crude markets over the last few years, Monday’s major attack on Mexico’s natural gas pipeline infrastructure, the second in the past three months, helped to jolt natural gas futures 39 cents higher to close Monday’s regular session at $5.891 after trading between $5.455 and $5.920 on the day.
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Impact of Mexican Gas Pipeline Explosions Unclear
The United States has limited capability to help Mexico make up for gas supply losses after what were believed to be terrorist attacks caused huge explosions that could be felt 12 miles away early Monday on several natural gas pipelines and one crude oil line operated by the national oil company, Petroleos Mexicanos (Pemex).
Futures Finish Week Lower Despite Prevailing Bullish Sentiment
In a shortened trading session in observation of the Sept. 11, 2001 terrorist attacks, October natural gas futures were mostly uneventful Friday as they were contained within a slim 18-cent trading range before settling at $11.263, down 8.4 cents on the day but 42.8 cents lower than the previous Friday’s close.
Despite Hurricane, Relatively Small Injection, Futures Settle 29 Cents Lower
With both natural gas and crude inventory reports coming in somewhat bullish, Hurricane Dennis continuing to strengthen in the Caribbean and the apparent terrorist attacks in London causing chaos, traders didn’t know which way to look on Thursday. Despite all of the seemingly bullish news on the day, the natural gas futures market seemed predisposed to drop lower.
NOPR Offers Alternative Route for Access to Critical Energy Information
As the one-year anniversary of the terrorist attacks draws near, the Federal Energy Regulatory Commission has proposed changes to its current regulations that would restrict “unfettered general public access” to information about critical energy infrastructure, but still would allow “those with a need for the information,” such as parties to proceedings at FERC, to obtain it.
NOPR Offers Alternative Route for Access to Critical Energy Information
As the one-year anniversary of the terrorist attacks draws near, the Federal Energy Regulatory Commission has proposed changes to its current regulations that would restrict “unfettered general public access” to information about critical energy infrastructure, but still would allow “those with a need for the information,” such as parties to proceedings at FERC, to obtain it.
LNG Development Challenged by Public’s Safety Concerns
The development of new liquefied natural gas (LNG) terminals in the United States will be challenged because of public misperceptions following the Sept. 11 terrorist attacks, said the head of LNG business development of Phillips Petroleum Co. on Thursday. Those unfounded perceptions led to a 20-day ban on LNG imports through the Boston harbor last October, and similar fears have led to local opposition to the reactivatation of the Cove Point terminal in Lusby, MD scheduled this year (see NGI, Oct. 22, 2001; Dec. 17, 2001).
LNG Development Challenged by Public’s Safety Concerns
The development of new liquefied natural gas (LNG) terminals in the United States will be challenged because of public misperceptions following the Sept. 11 terrorist attacks, said the head of LNG business development of Phillips Petroleum Co. on Thursday. Those unfounded perceptions led to a 20-day ban on LNG imports through the Boston harbor last October, and similar fears have led to local opposition to the reactivatation of the Cove Point terminal in Lusby, MD scheduled this year (see Daily GPI, Oct. 17, 2001; Nov. 9, 2001).
Pipeline Safety Bill Includes New Security Measures
Legislation to reauthorize the Office of Pipeline Safety and enhance pipeline security and safety in light of the Sept. 11 terrorist attacks was introduced in the House of Representatives on Thursday by the leaderships of the Transportation and Infrastructure Committee and the Energy and Commerce Committee.
Pipeline Safety Bill Includes New Security Measures
Legislation to reauthorize the Office of Pipeline Safety and enhance pipeline security and safety in light of the Sept. 11 terrorist attacks was introduced in the House of Representatives on Thursday by the leaderships of the Transportation and Infrastructure Committee and the Energy and Commerce Committee.