Natural Gas

US OTC thermal coal prices close higher as gas prices stabilize

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Once upon a time oil and natural gas were tied at the hip. Now with natural gas moving into to the coal substitution formula cola and natural gas are attached at the hip.

US OTC thermal coal prices close higher as gas prices stabilize
Washington (Platts)
Central Appalachian and Powder River Basin 8,800-Btu/lb thermal coal prices rose Tuesday in the US over-the-counter thermal coal market, as the NYMEX natural gas February futures contract settled little changed from Monday’s 7.8% rally in price.

Spread trades were seen in good volume in the session, with the prompt quarter CAPP barge physical contract trading at a premium to the CSX swap. The March 2012 CSX physical contract was also seen…

Natural Gas

Not so fast EIA on those gas exports!

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Not so fast EIA on those gas exports. So maybe the US will not become fuel exporter as quickly as the EIA estimates. If this is the case the domestic prices may not reflect the world supply and demand.

EIA price study too aggressive on US LNG export volumes: panel
Washington (Platts)
A recent US Energy Information Administration study overestimated the volume of liquefied natural gas likely to be exported from the US, skewing the agency’s findings on the domestic price impact of exports, participants in an LNG panel said Tuesday.

EIA’s export scenarios are “totally unrealistic,” said James Jensen, president of the gas economics consulting firm Jensen Associates. “It sort of puts the debate about pricing out there in an unrealistic place…