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Newly-released industry data show increased reporting of natural gas transactions.(Brief Article)

Energy User News

| May 01, 2004 | COPYRIGHT 2004 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

WASHINGTON. DC -- Newly released energy industry data show a significant increase in reporting of natural gas market transactions to price index publishers and exchanges, according to a 30-member stakeholder coalition of energy companies, industrial customers, publishers, exchanges, and industry trade associations. The increased reporting, coupled with index enhancements recommended last year by the Federal Energy Regulatory Commission (FERC), provides evidence of increased transparency in the nation's natural gas markets, according to the Market Price Reporting Action Committee.

"Our members have confidence in the natural gas price indices published today and continue to use these indices when we structure our natural gas purchases. We believe that the natural gas indices are robust, functional, and improving, and definitely meet the needs of industrial users, today," said Alex Strawn, chairman of the Process Gas Consumers Group ...

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