Important Oil and Gas Articles
The pressure's on natural gas
May 28, 2003, 10:49PM
Lag in supplies sets the stage for higher prices
|Last year, the nation had 3.1 trillion cubic feet in storage and
ended the season in March with an almost record low on hand. This year, because of the
tight market, the nation likely will only be able to sock away about 2.7 trillion cubic
feet of gas, the natural gas association projected.|
Imports will play an
increasingly important role in U.S. natural gas supplies.
natural gas prices seen staying high
Reuters, 05.30.03, 2:35 PM ET
Gas storage plunged from 738 bcf in March 2001 to a record low of 623 bcf March this
year. In the northeast U.S., inventories at their nadir held just three days of supply,
Like other analysts, Nome expects gas prices to spike again this summer
"It's not a matter of 'if' but 'when,'"
Natural gas prices headed higher
Think the summer season will bring lower natural gas prices? Guess again.
Tight supplies of the commodity are threatening to keep prices high. People here in
central Carolina may experience sticker shock well into the upcoming heating season.
Natural gas worry rises: Concern hits early on price, reserves
Tuesday, May 27, 2003
"Working gas in storage is . . . at extremely low levels,''
Greenspan testified, "and
the normal seasonal rebuilding of these inventories seems to be behind the schedule.''
No Help for Natural Gas Users
Washington Post Staff Writer
Gas inventories are 38 percent below the average for the past five years, drained by
last winter's heavy demands for the fuel and stagnant gas production.
Electricity customers will suffer, too, if severe heat waves strike this summer. More
than 90 percent of the power plants built since the beginning of electricity
deregulation in the late 1990s run on natural gas, and that is the primary fuel for
producing peak power supplies when air-conditioning demand soars.
NorthWestern says it will seek large natural gas increase
Havre Daily News
May 30, 2003
HELENA - NorthWestern Energy said Thursday it will ask the Public Service Commission to
approve a 45 percent increase in natural gas rates for its customers.
The company, citing its own growing costs for securing natural gas, told the panel it
will file a formal request on Monday, and wants to start collecting the increase in
|Pennaco Natural Gas, LLC|