(Reuters) – U.S. natural gas pipeline company NiSource Inc said it shut part of its key Columbia Gulf Transmission interstate natural gas pipeline following an explosion in Adair County, Kentucky that injured at least one person.
The blast early Thursday morning engulfed and destroyed homes and cars, authorities said.
NEW YORK (Reuters) – Freezing temperatures are hampering U.S. natural gas deliveries this winter despite ample production of the heating fuel, exposing weaknesses in a supply network strained by unprecedented demand.
The United States is home to some of the world’s largest natural gas deposits and supplies have flooded the market over the last five years, erasing concerns about dwindling output.
Jan 30 (Reuters) – The recent increase in U.S. natural gas
prices is expected to dent demand for gas as utilities use more
coal to generate power, electricity traders said on Thursday.
The cold weather and heavy heating demand so far this winter
has pushed gas prices to four-year highs earlier this week.
NEW YORK, Jan 22 (Reuters) – When computer coders at the
IntercontinentalExchange built a platform for trading natural
gas in 2001, they only allowed space for two-digit entries. With
gas around $5 per million British thermal units, prices above
$99 just didn’t seem feasible.
A freezing start to 2014 changed all that.
After prices in the poorly supplied U.S. Northeast spiked to
new highs in the first week of January, ICE raised the
limit for trades from $99 to $199 per million British thermal
units on Jan. 6, reflecting a new reality in the U.S. gas market
and ushering in a three-digit era.
Jan 16 (Reuters) – Southern Co’s Alabama Power unit
plans to run three coal power plants with a total capacity over
1,600 megawatts on cleaner natural gas fuel in the coming years
to comply with federal environmental rules.
Alabama Power wants to add gas capability to the four
255-megawatt Units 1-4 at the Gaston coal plant in Alabama by
2016 so they can run primarily on gas going forward.
NEW YORK, Jan 7 (Reuters) – U.S. natural gas futures rose on
Tuesday on expectations for a sharp storage drawdown after
record cold temperatures triggered high demand for heating.
The coldest weather in almost two decades descended on the
eastern two-thirds of the country, according to the National
Weather Service, which expects the freeze to continue until
Dec 12 (Reuters) – A recent rise in U.S. natural gas prices
is set to further dent demand for gas as utilities are expected
to use more coal to generate power, energy traders said on
The relative price difference between NYMEX Central
Appalachian coal and NYMEX Henry Hub gas has
widened to more than $2 per million British thermal units for
the first time since early July 2010, according to Reuters data.
NEW YORK/LONDON, Nov 22 (Reuters) – U.S. bank Goldman Sachs
Group Inc has put its uranium trading business up for
sale, a source familiar with the matter said on Friday, the
latest sign that Wall Street’s most storied commodity trader is
paring back parts of the business.
The move comes as other U.S. banks, including JPMorgan Chase
& Co and Morgan Stanley, look to exit physical
commodity trading in the wake of increased government scrutiny,
squeezed trading margins and forecasts for tepid demand in
Nov 22 (Reuters) – New Jersey has appealed a federal
district court decision overturning a state law that subsidizes
the construction of new natural gas-fired power plants in the
The appeal filed on Thursday with the U.S. Court of Appeals
for the Third Circuit creates more uncertainty for generators
already contending with many changes in the PJM (the former
Pennsylvania-New Jersey-Maryland) power grid and across the
nation, electricity traders said.
Nov 21 (Reuters) – U.S. federal energy regulators imposed
more than $304 million in fines against energy companies in
fiscal 2013 primarily for market manipulation and false
It was the highest yearly total, according to Reuters data.
The Federal Energy Regulatory Commission (FERC) on Thursday
said its enforcement division staff in fiscal 2013 also forced
companies to disgorge an additional $141 million in unjust