Natural Gas $2.55

Random snips from various sources - Jan 14, 15

Alberta gas for February delivery fell 0.25 cent to C$2.465 a gigajoule ($2.28 per million British thermal units) at 12:01 p.m. New York time on NGX, a Canadian Internet market.

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The EIA expects LNG imports in 2012 to drop about 26% to 0.69 billion cubic feet per day, unchanged from its December outlook, as higher prices in Europe and Asia steer cargoes away from US shores. The agency expects Henry Hub natural gas prices in 2012 to average USD 3.53 per million British thermal units, down nearly 12% from 2011's estimated average of USD 4.00.

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In 2011, 17 billion cubic meters of gas was to be supplied to China, which is more than the declared amounts of Russia (10.5 billion cubic meters) and of Iran.

At the end of the November 2001 official visit the Turkmen president paid to China an agreement was signed to increase the annual mount of gas from the earlier contracted 40 billion cubic meters to 65 billion cubic meters.

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LA PAZ – President Evo Morales expressed concern Saturday over the possibility that Argentina and Brazil, the only export markets for Bolivian natural gas, will stop importing the fuel.

“I’m worried what would happen to Bolivia if it didn’t have a market for its gas ... We now depend on Argentina and Brazil because we sell our gas there,” the leftist president said in a speech in the southern Bolivian province of Chuquisaca.

“If they no longer want our gas, who do we sell our gas to?”