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Natural Gas Market Indicators
For the period July 1 through August 19, 2010, thirty-two days were recorded by Bentek Energy LLC as having 30 Bcf or more of natural gas demand attributable to power generators in order to meet cooling demand around the country. During that same period in 2009 there were only two such demand days from generators.
That is what happens when summer cooling degree data points to a season 25 percent warmer than normal. Demand from power generators and from the industrial sector is up nearly 10 percent and 8 percent, respectively, year-to-date 2010 over 2009. However, with strong supply fundamentals pricing events over the summer have been really – nonevents.
Visit this link to download the full Natural Gas Market Indicators. Topics covered include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Rig Counts, Pipeline Imports and Exports, and LNG Markets.
Spectra Responds to Natural Gas Pipeline Concerns
The safety, security and reliability of America’s interstate natural gas pipeline infrastructure is one of the most important aspects of the energy utility industry. And, in the case of Spectra Energy’s proposed 15-mile underground natural gas pipeline in the Jersey City, New Jersey, area, it can be an emotional one as well.
In this opinion piece from The Jersey City Independent, Spectra group vice president, Bill Yardley, explains the importance of maintaining and expanding our nation’s vital network of interstate natural gas pipelines.
Natural Gas Market Indicators
Strong daily volumes of natural gas to power generators has been the market story this summer with a slowing of underground storage injections from an initial torrid pace. Oil prices have periodically surged but natural gas acquisition prices have demonstrated a relatively uneventful summer, which may be good for consumers during the coming winter heating season.
With that said, hurricane season projections remain focused on an above average storm count this year, so pre-winter price spikes are possible. Given the overall supply picture, with continued strengthening of domestic production, it may mean that any supply disruptions will have a minimal or short-lived impact on the national market.
Visit this link to download the full Natural Gas Market Indicator. Topics covered include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Rig Counts, Pipeline Imports and Exports, and LNG Markets.
True Blue Natural Gas Blog from the American Gas Association (AGA)- Natural Gas Market Indicators
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