Along the North American West Coast, the prospective liquefied natural gas (LNG) export business is shaping up as a Canadian-U.S. tussle, with the provincial government in British Columbia (BC) and others in western Canada pushing multiple export sites, compared to the lone U.S. project, Jordan Cove, along the Oregon coast at Coos Bay.
Tussle
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Prices Still In a ‘Bear Cave,’ Yet Struggle Higher
January natural gas managed a small gain Wednesday as traders saw an ongoing tussle between algorithmic traders taking profits on short positions matched up against a cadre of willing sellers. At the close January natural gas had risen 2.7 cents to $3.155 and February had gained 2.8 cents to $3.198. February crude oil gained $1.43 to $98.67/bbl.
December 22, 2011
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