Natural gas producers in northeastern British Columbia are backing pipelines proposed by TransCanada Corp., enhancing the likelihood that the region’s plentiful resource will find its way to market. For more information, click here
State-owned GAIL will purchase gas in ships (LNG or liquefied natural gas) from Anglo-Dutch oil major Shell to crank the gas import terminal attached to the beleagured Dabhol power plant in Maharashtra. For more information, click here
India’s Oil and Natural Gas Corp said that it plans to resume full gas supplies from its South Bassein offshore gas fields from Friday after a planned shutdown of about seven days. For more information, click here
Power producer Dynegy Inc. reported that it cut its fourth-quarter loss from a year ago, but warned that it expects to lose money in 2009 as energy prices decline. For more information, click here
Hungary’s government will not increase natural gas prices on April 1. For more information, click here
Peco Gas Company said that it will reduce its gas commodity rate by 10 percent on average for its 485,000 suburban gas customers, effective March 1. For more information, click here
Quicksilver Gas Services LP announced that net income for the fourth quarter of 2008 of $11.5 million, more than triple the $3.2 million of net income in the prior-year period. For more information, click here
El Paso Corporation announced its financial and operational outlook for 2009. For more information, click here
The natural gas prices are so short due to which the prices jumped back as $4 per mmBtu is a major support which traders are looking for. For more information, click here
As global economies continue to weaken, natural gas production appears to be increasing despite soft demand and the threat of liquefied natural gas heading to the U.S. this summer without a home. For more information, click here
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