Friday, June 29, 2007


Natural Gas prices rebounded slightly on Friday to close the week at $6.77

Thursday, June 28, 2007

Natural Gas Inventory Report 6-28-07

Working gas in storage was 2,443 Bcf as of Friday, June 22, 2007, according to EIA estimates. This represents a net increase of 99 Bcf from the previous week. Stocks were 90 Bcf less than last year at this time and 372 Bcf above the 5-year average of 2,071 Bcf. In the East Region, stocks were 136 Bcf above the 5-year average following net injections of 67 Bcf. Stocks in the Producing Region were 176 Bcf above the 5-year average of 677 Bcf after a net injection of 21 Bcf. Stocks in the West Region were 59 Bcf above the 5-year average after a net addition of 11 Bcf. At 2,443 Bcf, total working gas is within the 5-year historical range.

Tuesday, June 26, 2007


Natural Gas prices continued to slide on Tuesday, trading down 4% to close at $6.88

Monday, June 25, 2007


Natural Gas prices fell further on Monday, trading down 5.54% to close at $6.94

Sunday, June 24, 2007

Natural Gas prices retreated last week and now sit at $7.35, just above the 200 day moving average of $7.28.

Thursday, June 21, 2007

Natural Gas Inventory Report 6-21-07

Working gas in storage was 2,344 Bcf as of Friday, June 15, 2007, according to EIA estimates. This represents a net increase of 89 Bcf from the previous week. Stocks were 121 Bcf less than last year at this time and 365 Bcf above the 5-year average of 1,979 Bcf. In the East Region, stocks were 130 Bcf above the 5-year average following net injections of 60 Bcf. Stocks in the Producing Region were 176 Bcf above the 5-year average of 656 Bcf after a net injection of 16 Bcf. Stocks in the West Region were 59 Bcf above the 5-year average after a net addition of 13 Bcf. At 2,344 Bcf, total working gas is within the 5-year historical range.

Saturday, June 16, 2007

Gazprom Raises Natural Gas Production Estimates

Russian energy giant Gazprom said it could produce 670 billion cubic meters of natural gas by 2020, increasing its estimate by 14 percent.

"If the market situation is positive or very positive, we could reach this production level," said Alexander Ananenkov, Gazprom deputy board chairman.

Ananenkov said total natural gas output in 2010 is planned at a maximum of 560 billion cubic meters, but could be increased to 570 billion cubic meters if needed, Novosti reported Thursday.

Gazprom estimates the value of the company's hydrocarbon reserves at $182.5 billion, not including oil subsidiary Gazprom Neft, whose reserves are worth $24 billion.

Thursday, June 14, 2007

Natural Gas Inventory Report 6-14-07

Working gas in storage was 2,255 Bcf as of Friday, June 8, 2007, according to EIA estimates. This represents a net increase of 92 Bcf from the previous week. Stocks were 131 Bcf less than last year at this time and 365 Bcf above the 5-year average of 1,890 Bcf. In the East Region, stocks were 128 Bcf above the 5-year average following net injections of 61 Bcf. Stocks in the Producing Region were 179 Bcf above the 5-year average of 637 Bcf after a net injection of 20 Bcf. Stocks in the West Region were 58 Bcf above the 5-year average after a net addition of 11 Bcf. At 2,255 Bcf, total working gas is within the 5-year historical range.

Thursday, June 07, 2007

Working gas in storage was 2,163 Bcf as of Friday, June 1, 2007, according to EIA estimates. This represents a net increase of 110 Bcf from the previous week. Stocks were 146 Bcf less than last year at this time and 366 Bcf above the 5-year average of 1,797 Bcf. In the East Region, stocks were 128 Bcf above the 5-year average following net injections of 66 Bcf. Stocks in the Producing Region were 179 Bcf above the 5-year average of 617 Bcf after a net injection of 28 Bcf. Stocks in the West Region were 59 Bcf above the 5-year average after a net addition of 16 Bcf. At 2,163 Bcf, total working gas is within the 5-year historical range.