Natural Gas

Natural gas prices fall

Source: 
Platts

Mild weather and continuing strong supplies were pressuring natural gas prices Monday, which dropped 12.1 cents to settle on the Nymex at a level not seen since September, 2012 -- $2.882 per million British thermal units, and analysts told Platts the downward trend was likely to continue.

Full FERC OK for Cheniere’s LNG project in Corpus Christi

Source: 
Platts

Plans by Cheniere Energy to export liquefied natural gas from a Corpus Christi facility won approval from the Federal Energy Regulatory Commission last week, Platts reports.

Moscow-led trade bloc begins in troubled times

MOSCOW (AP) — The Eurasian Economic Union, a trade bloc of former Soviet states, expanded to four nations Friday when Armenia formally joined, a day after the union between Russia, Belarus and Kazakhstan began. The Russian-dominated bloc has been politically controversial and its early days are being overshadowed by the sharp deterioration of Russia's economy in recent months.

Oil price slide could boost natgas, eventually

Source: 
The Wall Street Journal

If the drop in oil prices slows drilling, that may dent supplies of natural gas in the future, leading to increased prices in the long run, according to The Wall Street Journal.

Natural gas down 29 percent in a month

NEW YORK (AP) — Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies.

The price of natural gas has dropped 29 percent in a month, to $3.17 per 1,000 cubic feet on Tuesday from nearly $4.50 in late November. That's a steep drop even for a fuel notorious for volatile price swings.

Israel challenges natural gas developers over monopoly

JERUSALEM (AP) — Israel's antitrust authority said Tuesday it will challenge the ownership structure of the country's natural gas resources, a decision that could rattle an increasingly important industry.

A conglomerate of companies including Texas-based Noble Energy and Israel's Delek Group has been developing Israel's offshore natural gas deposits, selling gas to the Israeli market and agreeing to sell to neighboring countries as well.

Southwestern stubbornly expanding natgas operations

Source: 
The New York Times

Other companies may have been pulling out of natural gas drilling, but Southwestern Energy and its CEO Steven Mueller are plugging away at existing wells and continue to expand shale drilling, The New York Times reports.

Suspected Islamic militants blow up natural gas pipeline

EL-ARISH, Egypt (AP) — Security officials say suspected Islamic militants have blown up and set fire to a natural gas pipeline outside el-Arish, the provincial capital of North Sinai.

The officials say all roads leading to the area have been closed after the explosion, which took place early Tuesday morning.

Exxon subsidiary XTO settles dumping case in W. Va.

Exxon Mobil subsidiary XTO Energy has settled federal allegations that it illegally dumped fill dirt and other materials at natural gas well sites into wetlands and streams in West Virginia, the Environmental Protection Agency announced Monday.

The Ft. Worth, Texas-based company will pay a $2.3 million civil penalty and spend $3 million to clean up eight sites in three counties where it dumped the fill without a Clean Water Act permit from the Army Corps of Engineers. EPA said the penalty is one of the largest levied to date for unauthorized dumping of fill or dredged materials under the law.

Mild weather sinks natural gas prices

Source: 
FuelFix

With continued mild weather and the fear of frigid cold receding, natural gas prices slumped 31 cents to the lowest level in nearly two years, at $3.144 per million British thermal units, FuelFix reports.

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