Years

U.S. exports to Canada set their sixth record high in as many years, increasing by 3.6% at the same time Canadian exports to the United States continued on a downward trajectory, dropping by 4.7%.

The Energy Information Administration (EIA) joined a growing list of analysts raising 2013 natural gas price forecasts, saying in a Short-Term Energy Outlook (STEO) released Tuesday that it expects spot prices, which averaged $2.75/MMBtu at the Henry Hub last year, to climb to an average of $3.52 this year and $3.60 in 2014.

The natural gas bonanza brought about by unconventional drilling may be displacing coal and diesel as a “cleaner” fuel, but methane leaks from the surge in drilling and processing destroy that advantage, according to the environmental think tank World Resources Institute (WRI).

Pacific Gas and Electric Co.’s (PG&E) natural gas system appears to have overcome the San Bruno, CA, natural gas pipeline rupture and explosion two and a half years ago, PG&E Corp.’s Nick Stavropoulos, executive vice president of gas operations, said in Houston last week.

There will be strong demand for global liquefied natural gas (LNG) over the next 10-20 years, but increasingly, price-sensitive buyers will be less willing to pay a premium for supply security, consultancy Ernst & Young said in a new report.

A lawsuit filed by a several Barnett Shale mineral owners accuses Chesapeake Energy Corp. of selling natural gas to an affiliate for a reduced price and basing royalty payments on those sales, which violates the terms of the lease agreements.

There will be strong demand for global liquefied natural gas (LNG) over the next 10-20 years, but increasingly, price-sensitive buyers will be less willing to pay a premium for supply security, consultancy Ernst & Young said in a new report.

Over the past 10 years natural gas has become the predominant fuel used to generate electricity in New England, a shift that has “provided clear economic benefits” for the region, but has also created “serious reliability threats to the bulk power system,” according to Gordon van Welie, CEO of ISO New England Inc. (ISO-NE).

While it let go of acreage in the Arkoma and Piceance basins last year, production from Antero Resources’ booming Marcellus Shale activities more than made up for their absence in the company’s portfolio of producing assets.