Canadian Natural Gas Rises on Tighter Supply and Warm U.S. West

Canadian natural gas for rose for a second day on tighter supplies and forecasts of higher cooling demand in the U.S. West that would spur the need for the fuel to power air-conditioners. Alberta gas for August delivery increased 0.25 cent to C$3.57 per gigajoule ($3.55 per million British thermal units) as of 3:10 p.m. New York time, according...

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China Natural Gas gets buyout offer; shares jump

* Deal values co at $91.2 mln * Each shareholder to get $4.25 * Shares up as much as 13 pct (Adds share movement, background) June 30 (Reuters) - China Natural Gas Inc said a group backed by Themes Investment Partners will take it private, in a deal valuing the distributor of compressed natural gas at $91.2 million, sending its shares...

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U.S. Natural Gas Shipments Fall on Lower Cooling Demand in West

Scheduled natural gas deliveries to U.S. electricity generators fell for the first time in four days on forecasts of lower cooling demand in the West, decreasing the need for fuel to power air-conditioners. A sample of scheduled deliveries to power plants in the U.S. and Canada shows shipments fell 8.7 percent to 18.3 million dekatherms...

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Russia's Gazprom to boost exports to Europe

MOSCOW (AP) — Russia's Gazprom state-controlled natural gas giant says it plans to boost exports to Europe this year and set a new record high in export earnings. Gazprom CEO Alexei Miller told Thursday's annual shareholders' meeting that the company expects to export 155-158 billion cubic meters of gas to customers in Europe this year compared...

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Natural gas futures decline as weather forecasts moderate

Forexpros - Natural gas futures down for the first time in four days on Wednesday, pulling back from a one-week high on forecasts of moderating temperatures that would reduce demand for the fuel. On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.311 per million British thermal units during U.S....

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Medvedev insists Ukraine pay price agreed for Russian natural gas

Moscow - President Dmitry Medvedev on Monday rejected calls from Ukraine for a cut in the price of natural gas imported from Russia, insisting that 'signed agreements need to be respected.' During a meeting with Gazpromchairman Aleksei Miller, Medvedev said: 'The price as it is is absolutely fair.' He stressed that gas revenues were crucial...

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Malaysia ups power, natural gas prices

PUTRAJAYA, Malaysia May 30 (Reuters) - Malaysia said on Monday it will raise electricity prices by an average 7.12 percent from June 1 in an effort to cut down on subsidies. Officials said natural gas prices would also rise by 3.0 ringgit (about $1.0) per mmBtu each six months until it reached market levels. Power prices would rise by as...

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Natural Gas Weekly Fundamental Analysis for May 23-27, 2011

Last week, natural gas prices extended their drop for a third consecutive week, where expectations of falling demand amid moderating weather conditions in Eastern and Southern of the United States, which will reduce demand for power-fuel, in addition to rising stockpiles of natural gas pressured natural gas prices to fall heavily, as the...

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Natural Gas Technical Analysis for the Week of May 23, 2011

The natural gas markets had an absolutely volatile session this week, and on Friday managed to wipe out the losses suffered earlier in the week. The market in general looks very range bound, and the patient trader can make serious money as long as this range holds up. The $4 mark seems to be the floor, while the $4.60 area is the ceiling....

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Natural Gas Daily Fundamental Analysis for May 23, 2011

Natural gas prices rebounded on Friday, after falling heavily on Thursday due to the EIA report for natural gas inventories, which showed the biggest rise since September 2010, where the EIA report showed natural gas inventories increased by 92 billion cubic feet. Nonetheless, natural gas prices rebounded on Friday amid speculations of a...

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Natural Gas Futures Gain Most in Three Weeks on Second Weekly Rig Decline

Natural gas futures advanced the most in three weeks as data showed the number of U.S. gas drilling rigs fell for a second consecutive week. Gas gained 3.3 percent after Houston-based Baker Hughes Inc. said the rig total declined 8 to 866 this week, the lowest level since the week ended Jan. 29, 2010. Prices also rose after gas settled near...

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Natural gas drilling informational events set

Staff Report Three programs this week will offer information about natural gas drilling to area residents. On Tuesday, an informational meeting about gas drilling and it's impact on our community will be held at the Worcester Women's Club Meeting Room 168 Main St. in Worcester from 7 to 9 p.m. The speakers scheduled are Dr. Ron Bishop,...

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Natural Gas Bounce Back From Six-Week Lows

HOUSTON—Natural-gas futures erased Thursday's sharp losses, rising more than 3% as buyers re-entered a market at prices that had fallen to their lowest level in almost six weeks. Natural gas for June delivery settled up 13.6 cents, or 3.3%, at $4.23 a million British thermal units on the New York Mercantile Exchange. The benchmark contract...

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Canadian Natural Gas Prices Climb as Price Drop Prompts Buying

Canadian natural gas for June delivery rose for the first day in five as traders sought bargains and covered bets on earlier declines. Gas at Canada’s benchmark AECO C hub in Alberta had slipped 6.2 percent since May 16, according to data compiled by Bloomberg. The prospect that prices may have hit bottom probably has some traders covering...

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Natural Gas Daily Fundamental Analysis for May 18, 2011

Natural gas prices dropped on Tuesday as weather forecasts signaled temperatures will be below the average for this time of the year in several parts of the United States including the South and East, which raised speculations of lower demand on power plant fuel, and accordingly, natural gas prices dropped. Natural gas prices should continue...

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