NGI The Weekly Gas Market Report

Florida Utility Has No Business in Shale Gas Patch, Consumers Say

The shale gas patch is too risky a place for an electric utility to be dabbling with ratepayer money, public interest lawyers and industrial power consumers told Florida regulators considering Florida Power & Light Co.'s (FPL) proposal to take a stake in Oklahoma's Woodford Shale. Read More

Spending by Independents Drops in 2013 on Depressed NatGas Prices

Exploration and development (E&D) spending by independents worldwide dropped by 14% in 2013 from 2012 as depressed natural gas prices in North America took a toll on cash flows and spending ability, an annual survey by EY found. Read More

NEB Greenlights TransCanada’s Energy East Settlement Plan

Planned expansion of northbound routes for U.S. natural gas exports into Ontario and Quebec can proceed on schedule under a decision that the National Energy Board (NEB) handed down Friday (Nov. 28). Read More

CFTC Reopens Comment Period on Position Limit Rulemaking

The Commodity Futures Trading Commission (CFTC) is reopening the comment period on a proposed rulemaking designed to limit speculative trading in the swaps markets. Read More

Oneok Buys NGL Pipes For $800M, Raises Financial Guidance For 2015

Oneok Partners LP has completed its acquisition of natural gas liquids (NGL) pipelines and associated assets in the Permian Basin from unnamed affiliates of Chevron Corp. for about $800 million. Read More

EIA Foresees More Than 8 Bcf/d of Northeast Bidirectional Capacity

The natural gas pipeline industry's response to booming Northeast production is well under way as up to 8.3 Bcf/d of existing capacity into the Northeast... Read More

Producers Support Retaining 9 a.m. CT Gas Day, Adding Single Nomination Cycle

Upending the natural gas day will not solve the regional problems of lack of pipeline capacity and, in fact, will undermine the reliability of deliveries... Read More

OPEC's Decision to Maintain Output Poses Dilemma for U.S. Shale Operators

The oil minister of Saudi Arabia last week successfully argued against reducing OPEC oil output by telling fellow members they needed to combat the growing influence of U.S. shale oil production. Now oil markets will have to find a "new equilibrium," with the squeeze on U.S. producers, said analysts. Read More

Dry Natural Gas Production Hit Daily Record in September, EIA Says

Dry natural gas production in September hit a record for the seventh consecutive month in terms of Bcf/d, and total consumption also marked a new high... Read More

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