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Spurred higher by somewhat colder temperatures and a spooked crude futures market, February natural gas started Tuesday above $9 and continued higher from there. The prompt month peaked at $9.290 just before settling at $9.168, up 37.7 cents from Friday's close.
The Department of Transportation (DOT) has issued a final rule that will allow certain natural gas pipelines to operate at higher maximum allowable operating pressures (MAOP) than those permitted under existing pipeline safety regulations. Pipeline operators will no longer have to apply for special permits to operate at higher pressures, as is currently required.
Importing liquefied natural gas (LNG) by the winter of 2014-2015 is the only sure way to ensure adequate gas supplies for Southcentral, AK, Enstar Natural Gas CEO Colleen Starring told an Anchorage audience last week.
The American Petroleum Institute (API) Thursday accused the the Department of Justice (DOJ) of again missing a filing deadline for a court-ordered analysis of the potential environmental impacts of leasing in the Alaska Outer Continental Shelf (OCS).
A former board member of the New York Mercantile Exchange (Nymex) pled guilty Tuesday to two felonies -- illegal trading in the natural gas market and tampering with physical evidence.