Tremendous

Characterizing his energy trading unit as having “tremendous liquidity and highly ample capital,” the head of Sempra Energy Commodities said he sees the environment for trading remaining mostly unchanged through 2009 with annual profits in the $350-450 million range. David Messer spoke at a financial analysts meeting hosted by Sempra in San Diego Thursday.

The tremendous heat of the last few weeks is having a huge impact on gas demand from power generation and has taken a substantial chunk out of the gas storage surplus. According to early market predictions, this week’s storage report could show another small net injection or possibly no injection at all for the week ending Aug. 4, which (given no change in storage) would leave the storage surplus at only about 13% over levels last year compared to a 15% surplus (year over year) a week earlier and a peak of 39% on March 17.

“A tremendous ramp up of natural gas prices” over the past five years has been a shot of adrenaline for the fledgling hydrogen industry and those high prices are not going away, boding well for the further development of steps toward a hydrogen-based economy, according to Jon Slangerup, CEO of Ontario, Canada-based Stuart Energy, a provider of electrolysis-based hydrogen systems worldwide.

Shaped by the continued rapid growth of liquefied natural gas (LNG), the natural gas sector is poised for “tremendous” growth over the next 20 years, and sometime between 2020 and 2030 it will overtake oil as the world’s preferred fuel, the CEO of Shell Gas and Power said last week.

Getting a tremendous boost from the addition of nearly 900 MMcf/d in takeaway capacity, Rockies gas led an overall moderately strong beginning of the April aftermarket with jumps of more than a dollar in most cases Wednesday. San Juan-Blanco numbers also saw sizeable upticks of more than 60 cents, while non-Rockies points ranged from about a nickel to a quarter over end-of-April levels.

North America’s top 20 largest natural gas marketers based on volume showed a greater than 20% increase in volume (31 Bcf) during the second quarter and only Coral, PG&E, Williams and ExxonMobil reported slight decreases compared to the second quarter of 2000, according to NGI’s quarterly ranking of the companies.

North America’s top 20 largest natural gas marketers based on volume showed a greater than 20% increase in volume (31 Bcf) during the second quarter and only Coral, PG&E, Williams and ExxonMobil reported slight decreases compared to the second quarter of 2000, according to NGI’s quarterly ranking of the companies.

The transition to an online business model has led to cost reductions, improved efficiency and tremendous growth for Enron, CEO Ken Lay said last week during a web-cast conference on e-commerce sponsored by Houston-based FlashFind Corp. and the Independent Natural Gas Association of America.

The transition to an online business model has led to cost reductions, improved efficiency and tremendous growth for Enron, CEO Ken Lay said earlier this week during a web-cast conference on e-commerce sponsored by Houston-based FlashFind Corp. and the Independent Natural Gas Association of America.