Aftermarket Starts Mixed, But Many Are Bullish

Traders who hadn’t finished already wound up their July bidweekbusiness Tuesday and started looking for clues on aftermarketdirection. What they found in swing deals done for today only was amixed bag of flat to up or down slightly from bidweek levels. Butmany sources are expecting an overall strong aftermarket. There maybe some initial softness since the July Fourth holiday weekend isconsidered the lowest demand period of the year. But sources lookfor fundamental cooling load to support gas prices after that.

July 1, 1998

INGAA Pushes Flexibility to Serve the Market

Customers looking for services tailored to their specific needsare driving pipelines to seek lighter-handed regulation includingthe ability to negotiate and deliver those services on the spot-without lengthy FERC proceedings, according to Interstate NaturalGas Assoc. (INGAA) chairman John Riordan.

June 29, 1998

Natural Gas Futures Traders Take Their Gains

$2.40 gas proved to be too much for July on Wednesday, as thespot futures contract fell 5.5 cents to settle the day at $2.336.July opened at $2.41, but that turned out to be its high trade forthe day as sellers were quick to liquidate positions and takeprofits ahead of the contract’s expiration this Friday.

June 25, 1998

Rising Pipe, LDC Prices Will Hurt Gas Demand, NGSA Says

If pipeline and LDC rates continue their upward climb, the”inevitable result” will be a sharp decline in producers’ wellheadrevenues and a subsequent “significant loss” of natural gassupplies, an official of a major producer group said Monday.

June 23, 1998

NGSA, IPAA Blast Clinton Offshore Ban

The Natural Gas Supply Association and Independent PetroleumAssociation of America made their displeasure clear over PresidentBill Clinton’s decision last week to extend a moratorium onoffshore drilling. “Cleaner air and increased use of affordable,clean-burning natural gas depend on access to the large natural gasfields off the nation’s coasts,” said NGSA President Nicholas Bush.”Continuing today’s severe restrictions on offshore natural gasproduction is simply not in the nation’s best interest.”

June 15, 1998


The Interstate Natural Gas Association of America (INGAA) saidmember companies plan to complete their Year 2000 (Y2K) computeranalysis, modification and testing by October and will havecontingencies in place should the new millennium bring problems.

June 12, 1998

Sable Project Fires Up New Development

Canadian natural-gas producers have opened up their wallets toshow they mean to make the Sable Offshore Energy Project (SOEP)live up to its billing as a “seed” development that will sprout agrowing new branch of the industry on the East Coast.

May 18, 1998

June Futures Hold to Their Mid-Range

Amid a day one broker called “perhaps the most boring of any Iremember,” the spot June NYMEX contract nudged 0.4 cents lower tosettle at $2.200. The broker actually said the day was interestingin that a large amount of anticipated activity never materialized.”Every floor trader we spoke to expected when June broke below$2.18, tons of sell stops would kick in between $2.15-17. But therewasn’t diddly squat for stops. In fact, just the opposite happenedin that there was pretty good scaled-down buying once June hit$2.15,” he said.

May 15, 1998

LG&E, KU Close Merger Deal

Kentucky’s two largest electric utilities – Louisville Gas andElectric (LG&E) and Kentucky Utilities (KU) – announced theyclosed their merger deal yesterday, setting the stage for thecombined energy company to become a “more formidable” regionalutility competitor.

May 5, 1998

Crossroads, CNG Pipeline Project Draws Interest

Crossroads Pipeline Co., East Ohio Gas and CNG Transmission saidthey received expressions of interest for 800,000 Dth/d of capacityon their proposed transportation project, which would bring gasfrom the Chicago hub through Crossroads’ existing system to marketsin East Ohio’s service territory and farther east via CNG’spipeline system. The proposed project initially would add 150,000Dth/d of firm capacity across all three systems.

May 1, 1998