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Western, Gulf Gains Highlight Strong Advance; Futures Vault Higher
from NGI's Daily Gas Price Index May 17, 2012
Both futures and cash markets enjoyed double digit gains.
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Con Ed Projecting Gas Conversions to Grow 3.5% through 2017
from NGI's Daily Gas Price Index May 17, 2012
Substantially more pipeline capacity into New York City is needed, according to Consolidated Edison Co. of New York's gas supply director.
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$1 Gas Prices Might Help Industry, Says EnerVest CEO
from NGI's Daily Gas Price Index May 17, 2012
"The pain of today will result in a much better environment for producers in 2014 to 2017," John Walker said at Bentek Energy's Benposium conference.
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U.S. Energy Independence Not Achievable Before 2030, Survey Finds
from NGI's Daily Gas Price Index May 17, 2012
However, energy executives who were asked mostly agreed that developing shale gas and oil reserves would have a "significant" effect on global energy needs over the next three years.
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Alternative Fuel Mix Gets More Complex
from NGI's Daily Gas Price Index May 17, 2012
The nation needs to think in terms of "all-of-the-above" when it comes to alternative vehicle fuels, according to panelists at ACT Expo 2012 conference in Long Beach, CA.
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Wesley Clark: U.S. Should Capitalize on Energy Intensive Strategy
from NGI's Daily Gas Price Index May 17, 2012
The energy industry is lacking a "shared vision" to jump-start the U.S. economy, says retired U.S. Army Gen. Wesley Clark.
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BLM Alaska Issues Call to Gauge Interest in NPR-A Lease Sale
from NGI's Daily Gas Price Index May 17, 2012
The oil and natural gas auction in the National Petroleum Reserve in Alaska is slated for November.
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Wyoming Asks High Court to Review 'Roadless Rule'
from NGI's Daily Gas Price Index May 17, 2012
The Clinton-era rule has had a long and tortuous history in the courts.
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Waste Management Builds New CNG Fueling Site in Ohio
from NGI's Daily Gas Price Index May 17, 2012
This coincides with the transition of its waste collection trucking fleet to compressed natural gas.
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Administration Claims Energy Industry Sitting on Leases
from NGI's Daily Gas Price Index May 16, 2012
The report is an attempt by the Obama administration to "divert attention from the fact it has been restricting oil and natural gas development, leasing less often, shortening lease terms and going slow on permit approvals," said the head of the American Petroleum Institute.
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S&P Cuts Chesapeake on Liquidity Risks; Term Loan Increased
from NGI's Daily Gas Price Index May 16, 2012
The rating could be stabilized if the producer "adopted a more conservative growth strategy and financial policies," as well as addressed "shortcomings in its corporate governance practices that were sufficient to satisfy its various stakeholders."
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PG&E Overall Cost of San Bruno to Approach $2B, CEO Says
from NGI's Daily Gas Price Index May 16, 2012
San Francisco-based combination utility hopes to settle legal and regulatory proceedings by the end of this year.
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Blackstone to Invest $1.5B in Sabine Pass Liquefaction Project
from NGI's Daily Gas Price Index May 16, 2012
Proceeds from the Blackstone deal and Cheniere Energy Inc's previously announced investment will be used to fund the equity portion of the costs of developing, constructing and placing into service the Sabine Pass LNG liquefaction project.
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Shell, Partners Unveil Biggest Kitimat Export Facility to Date
from NGI's Daily Gas Price Index May 16, 2012
As envisioned, the proposed plant to be built on the coast of British Columbia would have two processing trains, each with the capacity to produce 6 million tons/year of liquefaction capacity, as well as an option to expand.
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Excelerate Seeks to Build First U.S. Floating Liquefaction Facility
from NGI's Daily Gas Price Index May 16, 2012
To be located on the Texas Gulf Coast, the Lavaca Bay liquefied natural gas project will be designed to export LNG to markets worldwide by 2017.
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Analysis: Floating Production System Activity on Rise in GOM
from NGI's Daily Gas Price Index May 16, 2012
"There's no question that the [Gulf of Mexico] region has become more active," said the founder of Internal Maritime Associates Inc.
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Chesapeake's McClendon Attempts to Assuage Investors
from NGI's Daily Gas Price Index May 15, 2012
A $3 billion term loan from Goldman Sachs Bank USA and affiliates of Jefferies Group Inc. will provide enough financial flexibility until the company sells its prized Permian Basin portfolio and monetizes a portion of its Mississippian Lime play, said the CEO.
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Hastings Finds Fault with Interior OIG Probe of Moratorium Report
from NGI's Daily Gas Price Index May 15, 2012
The chairman of the House Natural Resources Committee contends an Office of Inspector General investigation was not conducted independently of the Department of Interior.
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BNP Paribas: Bargain Utility Hunters Open Door for Gas Bulls
from NGI's Daily Gas Price Index May 15, 2012
With the natural gas futures curve on track to steepen faster than expected, natural gas prices will climb later this year and reach $4.00/MMBtu by next year, said analysts.
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Outlook: Northwest Gas Demand to Grow; Power Gen Driver
from NGI's Daily Gas Price Index May 15, 2012
Slow economic recovery and abundant, cheap supplies have changed the natural gas load profile in the region.
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NGV Market Holds 1Bcf/d Potential, Raymond James Says
from NGI's Daily Gas Price Index May 15, 2012
With, or without, government subsidies, natural gas as a transportation fuel figures to continue to grow.
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Both Upgraded and New Pipelines Needed, PG&E CEO Says
from NGI's Daily Gas Price Index May 15, 2012
This is going to be a national trend for a decade or more, the utility top executive said.
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Chevron, Partners Ink Deal to Increase Aussie LNG Shipments to Asia
from NGI's Daily Gas Price Index May 15, 2012
Japan's power utilities have signaled the need for more natural gas in the wake of the Fukushima nuclear power plant disaster.
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Canadian Govt. Overhaul Would Fast-Track NatGas, LNG, Oilsands, Pipeline Projects
from NGI's Daily Gas Price Index May 14, 2012
Conservatives propose streamlined processing for a record number of permit applications for everything from LNG to oilsands to pipelines and power lines expected in nation's bid to be a global "energy superpower."
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Chesapeake Governance Big Question Mark
from NGI's Daily Gas Price Index May 14, 2012
Some planned asset sales this year may be delayed because low natural gas prices have stretched the company's ability to comply with credit covenants, according to a regulatory filing Friday.
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Wyoming Regulators Blame Mechanical Failure in Well Blowout
from NGI's Daily Gas Price Index May 14, 2012
Operating errors also contributed to the Chesapeake Energy Corp. drilling incident last month, said state investigators.
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Natural Gas, Oil Still Oklahoma's 'Defining Industry'
from NGI's Daily Gas Price Index May 14, 2012
Nearly 12,000 jobs were created in the state over the last two years by the energy industry, according to an Oklahoma Energy Resources Board-commissioned report.
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