Trading

CMS Marketing, Services and Trading (CMS-MST) continued itsliquefied natural gas (LNG) buying binge last week, announcing 10more deliveries from Qatar to the CMS Trunkline LNG facility inLake Charles, LA. The deals bring the number of announced LNGcargoes headed to the Trunkline facility over the next two years to26.

CMS Marketing, Services and Trading (CMS-MST) continued itsliquefied natural gas (LNG) buying binge yesterday by announcing 10more deliveries from Qatar to the CMS Trunkline LNG facility inLake Charles, LA. The deals bring the number of announced LNGcargoes headed to the Trunkline facility over the next two years to26.

After stabilizing within a tight, 10-cent trading range for thepast week, natural gas futures finally broke to the upsideWednesday amid a post AGA buying surge. May received the largestboost of any month, rallying 7.2 cents to post its first $3.00-plus settlement at $3.021. According to the American GasAssociation 2 Bcf was injected into underground storage facilitieslast week, bringing the total to 1,033, or 31% full. “Its alwaysdifficult to predict the way the market will react to the firstinjection of the season,” a Chicago trader said. “Expectationscalled for net change of plus or minus 10 Bcf and that’s what wegot. If you ask me, I am a little surprised by the market’sreaction,” he said.

Marking CMS Energy’s continued emphasis on the liquefied naturalgas (LNG) market, CMS Marketing, Services and Trading (CMS-MST)announced agreements to buy six LNG cargoes for delivery to the CMSTrunkline LNG facility in Lake Charles, LA, last week. Terms of thetransactions were not disclosed.

Williams Energy Marketing & Trading has petitioned FERC toissue a declaratory order stating that its ban against “buy-sell”arrangements doesn’t apply to the Outer Continental Shelf (OCS),particularly to the Minerals Management Service’s (MMS) royaltyin-kind projects.

Williams Energy Marketing & Trading has petitioned FERC fora declaratory order stating that its ban against “buy-sell”arrangements doesn’t apply to the Outer Continental Shelf (OCS),particularly to the Minerals Management Service’s (MMS) royaltyin-kind projects.

Reprising their triumphs of last fall, Dynegy Marketing andTrade and Duke Energy Trading and Marketing LLC again have beenawarded contracts to deliver federal gas onshore as part of theMinerals Management Service’s (MMS) royalty in-kind pilot programin the Gulf of Mexico to begin next month, the agency announcedlast week.

Reprising their triumphs of last fall, Dynegy Marketing andTrade and Duke Energy Trading and Marketing LLC were the winningbidders in the latest auction of Gulf Coast gas transportationservices in the Minerals Management Service’s (MMS) third royaltyin-kind pilot program.

Much like the beginning of February, the March aftermarket gotoff to a strong start Tuesday with swing numbers for March 1 onlytrading up from apparent index levels. Unlike last month,first-of-March prices also were generally at least a nickel or moreabove end-of-February levels.