Industry Tackles Y2K Remediation, Survey Says

Almost a third of gas and oil companies surveyed expect to havecompleted Year-2000 (Y2K) remediation by the end of the year,according to the results of a new survey by the Natural Gas Council (NGC) that was released last week. It further found that73% said they would be ready by June 1999, while all respondentsindicated they would be ready by December 1999.

September 22, 1998

Sale of Trunkline Segment Comes Under Fire

A proposal of Trunkline Gas to sell one third of its mainlinegas system – about 720 miles – to an affiliate for transportationof ethane and other hydrocarbons came under heavy attack at FERCfrom the pipeline’s shippers this week.

August 28, 1998

Futures Bend But Refuse to Break

The May futures contract suffered a third straight day of lossesby slipping a mere 0.6-cents to settle at $2.469 in relativelyquiet trading. The session was marked by light selling as bearsprobed for sell-stops but was kept in check by buying ahead of the2.435-.440 level. A modest 31,695 contracts changed hands in asession that saw no new fundamental developments.

April 21, 1998

Futures Rally in Response to Cash Gains

For the third day in a row the April Futures contract tested butwas unable to break through the $2.185 resistance level, stoppingshort at $2.172 Wednesday. April opened higher in sympathy withHenry Hub cash market prices, which eked out a couple-cent gain onthe day, but it was limited to a 4-cent trading range with arelatively light 31,462 contracts changing hands.

March 12, 1998
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