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While storm forecasters across the country on Wednesday were talking up the potential development of what would be Tropical Storm Jerry making a Gulf of Mexico appearance on Thursday, natural gas futures traders weren't battling for the buy button just yet. As of 2 p.m. EDT, the October contract was trading at the day's low of $6.200, down 36.8 cents from Tuesday.
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Standard & Poor's Ratings Services (S&P) on Tuesday gave the Sabine Pass facility to export liquefied natural gas (LNG) a strong credit rating and stable outlook, citing its ties to investment-grade companies.
Cabot Oil & Gas Corp. officials last week came out swinging against "facts and inferences made in wire and published reports," which claim that several toxic chemicals recently had been found in water samples taken near the company's natural gas drilling operations in the Dimock Township area in Susquehanna County, PA.
California regulators Thursday approved modifications that Southern California Edison Co. (SCE) sought in its projected fuel costs for 2009 and specifically regarding the handling of tolling rights under the Sempra Energy utilities' firm access rights (FAR) to its natural gas transmission pipeline system in the southern half of the state.