Greater upward pressure is expected on natural gas prices this summer due to projected warmer-than-normal weather in portions of the United States, a potentially active hurricane season, increased gas demand and flat production, the Natural Gas Supply Association (NGSA) said last Thursday. The association said the market impact of high gas storage levels will be far outmatched by the numerous other bullish factors influencing prices.
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NGSA: Warm Temps, Flat Production, Higher Demand Should Raise Summer Prices
Greater upward pressure is expected on natural gas prices this summer due to projected warmer-than-normal weather in portions of the United States, a potentially active hurricane season, increased gas demand and flat production, the Natural Gas Supply Association (NGSA) said Thursday. The association said the market impact of high gas storage levels will be far outmatched by the numerous other bullish factors influencing prices.
Canadian Superior Says 7% Production Decline Result of ‘Unusually’ Warm Weather
Calgary-based Canadian Superior said last week that unusually warm weather in February and March, which resulted in a premature spring breakup, led to a “slight, temporary decline” of 7% in oil and natural gas production during the first quarter.
NOAA Sees Above-Normal Hurricane Season (Again)
The last 10 years have seen mostly above-normal hurricane seasons in the Atlantic and this year won’t be any different, the U.S. government’s weather watchers at the National Oceanic and Atmospheric Administration (NOAA) said last Monday.
NOAA Sees Above-Normal Hurricane Season (Again)
The last 10 years have seen mostly above-normal hurricane seasons in the Atlantic and this year won’t be any different, the U.S. government’s weather watchers at the National Oceanic and Atmospheric Administration (NOAA) said Monday.
Canadian Superior Says 7% Production Decline Result of ‘Unusually’ Warm Weather
Calgary-based Canadian Superior said Monday that unusually warm weather in February and March, which resulted in a premature spring breakup, led to a “slight, temporary decline” of 7% in oil and natural gas production during the first quarter.
Transportation Notes
Weather is delaying leak repairs on the South Pass 77 527A-700 line, Tennessee said Wednesday, and it now expects to complete the first portion of the work Saturday. Last week Tennessee had anticipated being able to finish Wednesday (see Daily GPI, April 26). The South Pass 77A meter remains shut in during the project. It also will be required to shut in during additional work on the line that is scheduled for Sept. 19-26.
Transportation Notes
Citing lower linepack and forecasts of warmer weather in its Florida market area, Florida Gas Transmission issued an Overage Alert Day notice Wednesday with 25% tolerance for negative daily imbalances.
Transportation Notes
Citing warmer weather forecasted for Florida and lower linepack, Florida Gas Transmission issued an Overage Alert Day notice for customers in its market area Friday. The notice had a 25% tolerance for negative daily imbalances.
Transportation Notes
In a System Protection Warming declared Monday, MRT said that due to warm weather in its service area, effective with the start of Tuesday’s gas day it will not accept any long imbalance positions through the end of March.