Page 13 - Intelligence Press News Today

Carolyn Davis, Author at Natural Gas Intelligence - Page 124 of 508

Natural gas cash prices Tuesday for Wednesday delivery were uninspired except for in the Northeast, where some points flirted with $2 gains as forecasts turned cooler and power prices surged. February futures gained 8.2 cents to $3.455 and March was higher by 7.5 cents to $3.453. February crude oil fell 86 cents to $93.28/bbl.

Widespread development of natural gas export capability in the United States could be a huge boost to the U.S. economy, to natural gas infrastructure companies and to liquefied natural gas (LNG) import facilities that now are stymied by a disjointed global market for gas that currently has U.S. prices lagging below those in the rest of the world, according to Darcel Hulse, Sempra Energy's outgoing CEO for LNG operations.

Gordon Jaremko, Author at Natural Gas Intelligence

A bipartisan group of senators led by Barbara Boxer (D-CA) and Elizabeth Dole (R-NC) is opposed to opening up restricted areas of the Outer Continental Shelf (OCS) to oil and natural gas exploration as part of upcoming omnibus energy legislation.

The climate change legislation that the Senate is scheduled to begin debating in June would dramatically cut domestic greenhouse gas (GHG) emissions, but it could impact the economy and drive up the price of natural gas, according to an extensive review by the Energy Information Administration (EIA).

Most of the 250 citizens and elected officials showing up Wednesday night at a U.S. Coast Guard hearing on BHP Billiton's proposed liquefied natural gas (LNG) receiving terminal offshore Southern California opposed the project on safety and environmental grounds, according to a report in Thursday's Los Angeles Times. But there were supporters who cited various state assessments that California needs new sources of natural gas.

To create more electricity in the future while emitting less carbon will require a combination of energy sources, "but we believe that increasing the use of natural gas provides the most affordable, most efficient, most immediate and longer-term step in solving this conundrum," BP America Inc.'s Lamar McKay said Thursday.

The TransCanada Alaska Co. LLC (TC Alaska) natural gas pipeline is on target to complete an initial open season by the end of next July, according to a report by Alaska Gasline Inducement Act (AGIA) coordinator Mark Myers.

FERC Friday issued a favorable final environmental review of Florida Gas Transmission's (FGT) proposal to construct 483 miles of pipeline facilities in Alabama, Mississippi and Florida to meet expanding natural gas-fired power generation demand in the Sunshine State.