| 1. Senate Dems Want Windfall Profits Tax, Ending $17M in Tax Breaks |
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from NGI's Daily Gas Price Index May 8, 2008
Holding to their word to rebuff an energy package offered up by Senate Republicans last week, Senate Democrats Wednesday rolled out energy legislation that would revoke $17 million in tax breaks for energy companies, impose a windfall profits tax on energy companies that don't invest in renewable energy sources and impose federal penalties for energy price gouging. The legislation proposal drew immediate criticism from the New York Mercantile Exchange (Nymex) and the National Association of Manufacturers (NAM).( more )
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| 2. Industrial Natural Gas Users Challenge Marketers, Pipelines on Value |
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from NGI's Daily Gas Price Index May 7, 2008
Industrial end-users participating in GasMart 2008 are challenging natural gas marketers and pipelines to add value or reduce costs to help their customers survive in the high-priced and volatile market.( more )
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| 3. EIA: U.S. Looking at Higher Gas Prices, More Demand and Less LNG |
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from NGI's Daily Gas Price Index May 7, 2008
Weather, the weakening U.S. dollar, stronger demand and North America's inability to attract cargoes of liquefied natural gas (LNG) in a competitive world market are all expected to exert upward pressure on natural gas prices, according to this month's "Short-Term Energy Outlook" from the U.S. Energy Information Administration (EIA).( more )
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| 4. Goldman: Higher Prices Needed to Attract LNG, Refill Storage |
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from NGI's Daily Gas Price Index May 9, 2008
Despite increasing domestic gas production, "it will be hard for U.S. natural gas inventories to reach full levels by the end of the summer" if imports of liquefied natural gas (LNG) remain at record-low levels, Goldman Sachs energy analysts wrote in a research note this week.( more )
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| 5. BC Gas Basin Could Be Horn O' Plenty |
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from NGI's Daily Gas Price Index May 13, 2008
Estimates of the recoverable natural gas resources in British Columbia's Horn River Basin now appear to average around 37 Tcf, which would be comparable in size to the gas reserves of Alaska's North Slope, a preliminary analysis by Wood Mackenzie suggests.( more )
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| 6. First West Coast LNG Terminal to Be Mostly Quiet in 2008 |
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from NGI's Daily Gas Price Index May 8, 2008
Sempra Energy's Costa Azul facility in North Baja California, Mexico, the first liquefied natural gas (LN G) receiving terminal on the West Coast of North America, may sit mostly idle after it is deemed commercially available later this spring. Nevertheless, Sempra will earn a profit based on capacity payments from part of Royal Dutch Shell that holds a contract for half of the 1 Bcf/d terminal's throughput.( more )
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| 7. Simmons Says World's Energy Infrastructure Needs Big Fix
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from NGI's Daily Gas Price Index May 12, 2008
Oil and natural gas "rust" is an "evil worse than depletion," and in the next seven years, $50-100 trillion should be earmarked to rebuild the world's aging infrastructure, according to energy guru Matthew R. Simmons.
( more )
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| 8. Analysts: Global LNG Will Continue to Spurn U.S. Shores |
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from NGI's Daily Gas Price Index May 13, 2008
Fort Worth, TX-area residents who've grown weary of Barnett Shale gas drilling commotion in their backyards might want to move near one of the nation's liquefied natural gas (LNG) regasification terminals for a little peace and quiet. Gas-rich resource plays are booming; U.S. LNG regas terminals, not so much.( more )
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| 9. Devon Hits 1 Bcfe/d in Barnett Shale |
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from NGI's Daily Gas Price Index May 8, 2008
Devon Energy Corp.'s net Barnett Shale production surpassed the magic number of 1 Bcfe/d in April, a milestone achieved 21 months ahead of the company's original target date.( more )
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| 10. Bastardi: This Season's Hurricanes Heading Eastward |
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from NGI's Daily Gas Price Index May 13, 2008
The East Coast will be at greater risk this coming hurricane season even though the number of named storms is expected to be about average, and Gulf of Mexico interests can expect seven to 10 days with at least the threat of weather disruptions, AccuWeather.com Hurricane Center meteorologists said Monday.( more )
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