AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Market insight: US bottoming out? (Insight).(gas prices, United States)
Many US gas market watchers believe the bottom is near following an eight-week slide in North American gas prices, although cool weather is keeping bulls on the sidelines and damping hope for a late summer rally.
After peaking at $6.50 per million Btu in early June, just as US Federal Reserve Board Chairman Alan Greenspan was warning of a brewing market crisis, North American gas prices have fallen nearly $2 on mild weather and widespread loss of demand from fuel switching and plant shutdowns. The August Henry Hub contract at the New York Mercantile Exchange (Nymex) went off the board last Tuesday at $4.693/MMBtu, nearly 60 cents below the July contract close.
But lower prices have paved the way for a recovery in industrial and utility demand. August bid-week trading in the $4.50-$4.70/MMBtu range across the Gulf Coast and around $5.10 in the Northeast is the cheapest baseload pricing available for end users since December 2002.
Data from the Energy Information Administration (EIA) support the view that fuel-switching should be winding down as a factor loosening the gas market balance. US …
- Wentworth Energy Acquires Upper Gulf Coast Oil and Gas Prospect with Potential...
- Press release article from: Business Wire January 31, 2006 700+ words
...gas lease on the Upper Gulf Coast. The prospect, which...potential reserves of up to 5 BCF of gas. The Company...stated: "This Upper Gulf Coast prospect provides Wentworth...and gas fields of the Gulf Coast, and the Texas Barnett...
- First Wave of Gulf Coast LNG Terminals To Add More Than 7.7 BCF of New Natural...
- Press release article from: Business Wire January 26, 2006 700+ words
...to happen in this arena. While the Pacific coast and New England are still considered battle areas with no clear winners, Gulf Coast projects are moving forward, and the early winners are well into the site preparation and civil phases of construction...
- Market globalization drives pace of Gulf Coast gas storage development.
- Magazine article from: Pipeline & Gas Journal Diemer, James S. May 1, 2008 700+ words
...growth, he U.S. Gulf Coast (USGC) natural...development process. Gulf Coast project developers have announced 356 Bcf of new storage capacity...expects as much as 550 Bcf of incremental storage...more than 20% of Gulf Coast supply by 2015 as...
- Pace concludes low probability of overbuild in Gulf Coast storage capacity.
- Magazine article from: Pipeline & Gas Journal February 1, 2008 700+ words
...is taking place--Gulf Coast project developers have announced publicly 365 Bcf of new storage capacity...supports as much as 550 Bcf of incremental storage in the Gulf Coast region under our base...Even if all the 365 Bcf of announced projects...
- KCS Energy, Inc. Acquires Additional Gulf Coast Reserves Through Its Volumetric...
- Press release article from: PR Newswire November 22, 1996 700+ words
...The reserves are from wells located on five of ATP's properties located in the onshore and offshore Gulf Coast area and consist of 7.4 Bcf of natural gas and 188,000 barrels of crude oil, 95% of which are expected to be delivered by year...
- Handicapping top US Gulf Coast LNG terminal projects.(Horizon)
- Newspaper article from: World Gas Intelligence Shook, Barbara April 12, 2006 700+ words
...contract for the 2 Bcf/d Golden Pass terminal...further down the Texas Gulf Coast in the Corpus Christi...withdrawn. Chevron's 1 Bcf/d Casotte terminal...that is developing a 1 Bcf/d terminal near Port Lavaca on the central Gulf Coast, an area where an LNG...
- US Gulf Coast LNG picture gains focus.
- Newspaper article from: World Gas Intelligence November 23, 2005 700+ words
...capacity agreements with third parties for 2 Bcf/d of the total 10 Bcf/d it is aiming to build on the Gulf Coast (WGI Aug. 17, p8). But it now says it only wants to market another 2 Bcf/d on that basis, under the theory that...
- Report: 570 Bcf potential in South Louisiana gas prospect.(Regional Market...
- Magazine article from: Natural Gas Week September 27, 2004 700+ words
...three natural gas prospects in Louisiana's Gulf Coast Basin near Morgan City that may contain 570 Bcf in potential reserves. "Given the current...their discovery in 1977, have yielded 688 Bcf and 250 Bcf respectively. The potential, Hill's...
- Wilcox trend may hold key to CBM production on Gulf Coast.
- Magazine article from: Natural Gas Week Sullivan, John A. June 28, 2004 700+ words
...formation running from Texas through the Gulf Coast states to Alabama is not new. But what...production has increased from 36.4 Bcf in 1990 to 113.5 Bcf in 2001. "Part of the problem with the Gulf Coast is people's lack of recognition...
- Slow Gulf Coast recovery continues as new storm looms.
- Newspaper article from: The Oil Daily Kelly, Andrew October 18, 2005 700+ words
As the US Gulf Coast energy industry struggles to get back...additional 150,000 b/d of oil and 1.5 Bcf/d of gas remain down in the southern portion of the state. Gulf Coast refineries continue to work toward restarts...
Source: HighBeam Research, Market insight: US bottoming out? (Insight).(gas prices, United...
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA
The AccessMyLibrary advertising network includes:
