Price of natural gas has fallen from $20 to $3, union gas an

last SG · 2012-09-27T11:40:09+00:00

we do not need to respond to his standard format commentjust will do, for his effort

Aarontansl SG

union gas and smart energy must be making big bucks, right?

lce SG

electric co. is laughing all the way to the bank

Red5xx SG

tis is sg, only ur paid will go down...

Aarontansl SG

union gas and smart energy making big profits and yet keep increasing the CNG price

sadly, most taxi drivers dun check the international price for GAS

^tamago^ SG

Heard Indonesia peg the price of natural gas with crude oil....

Z/Fiction SG

union gas and smart energy making big profits and yet keep increasing the CNG price

sadly, most taxi drivers dun check the international price for GAS

So what if we check....go to their office bang table ???

Poolman SG

Then CNG drivers should let their their Wish rot .

komade SG

lai ah~~~ THROW THROW THROW~~~~~

Aarontansl SG

So what if we check....go to their office bang table ???

that right, shouldn’t let those big companies bully, taxi drivers should unite, cent for cent, dollar for dollar, if price of gas goes down, then they shouldn't act as if they are struggling to make profit, that is utterly disgusting. .

union gas are taking advantages because they spend tooo much in setting up the CNG station, they want to recoup their investment fast, you see the picture? Even prime company are so disgusted by their behavior that they dismantled their CNG tanks.

Aarontansl SG

Heard Indonesia peg the price of natural gas with crude oil....

bec "gas" are abundance and the price keep coming down, thay Y they peg to crude, so as to generate more profits.

crude oil can only last us till end of this century, but gas can last till mid of the next century

Aarontansl SG

Patrick Vail writes: The price of natural gas hit a 10-year low in April, sinking to $1.91 per MMBtu on April 19.

Gas’ stockpile surplus is well down from its high of 61 percent above the five-year average, which was reached at the end of March 2012.

But the conditions that have relentlessly pushed down prices the past five-plus years--mainly abundant supplies of low-cost shale gas and no way to export it from North America--are still very much with us.

Prices are likely to plunge once again during the next stretch of mild weather.

Overlooked is the fact that conditions for accelerating natural gas usage have never been more robust. The key is the continued dash to gas by electric utilities and other power producers, spurred by the fuel’s low price, wide availability and, to a lesser extent, its environmental advantages.

At $10 gas, almost any producer is a winner. The numbers fall sharply at $4 to $5 and are a very short list under $2. Cheap gas, however, is a major boon for companies geared up to take advantage of rising gas usage in power generation.

Even with scorching temperatures this summer, natural gas prices only managed to briefly crack $3 per million British thermal units. That makes it highly unlikely we’ll see a return to even last summer’s price range of $4 to $5.

Producers have been able to make up the difference in recent years by shifting focus to oil and natural gas liquids (NGL). This ability, however, has been thrown into doubt by the plunge in oil prices from nearly $110 a barrel earlier this year to less than $80 for a time in late June.

One low-risk energy play in the current pricing environment is Energen Corp (NYSE: EGN). Its Alabama gas distribution utility represents only a small portion of overall earnings and aggressive price hedging and reliance on proven reserves have kept profits very steady.

bowah SG

It is the producer, not the buyer that wins the game or gain the profit, you see, these are all cartels at works, Singapore being a resourcefuless country still depend very much on the cartels to fix a price everyday, and as such, are at the expense of these cartels.

Let said if one day, indo is not going to supply us gas, and that arab refuse to supply us fuel, what happen here, in a week time, we are history.

That is why, our govt need to diversity it international relationship, especially with all these fuel producer countries, beside indonesia, country like mynamar is also full of natural gas, in which China, being their close allies, had gain from it. And now you know why lots of mynamar are here.

At the end of the day, we are helpless with regards to oil or gas prices, it is all up to supply and demand, and most of these bastards will keep stock, keep and keep on the pretext of overly demand or less supply to increase the prices, and once price increase, they release their old stock so as to gain max profit.

Aarontansl SG

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Natural gas is no longer at decade lows, but the price remains sensitive to reports of any significant increase in supply.

The price dropped Thursday as the government said supplies continue to build, at a time when mild weather is dimming demand in parts of the country.

Natural gas fell 2.4 cents to end the day at $2.594 per 1,000 cubic feet in New York. That's still nearly 70 cents, or 37 percent, above the 10-year low of $1.907 hit on April 19.

The Energy Department reported Thursday that natural gas stockpiles rose 61 billion cubic feet to 2.667 trillion cubic feet for the week that ended May 11. That's nearly 41 percent above year-earlier levels and the five-year average. Analysts expected a smaller increase of 52 billion to 56 billion cubic feet.

Natural gas plummeted earlier this year as a production boom helped fill storage facilities while a mild winter allowed consumers and businesses to use less gas for heat. It has bounced back as some energy companies reduced production. Some utilities also switched to using more cheap natural gas to generate power instead of coal. Others used it as a substitute for nuclear power that was offline for maintenance, PFGBest analyst Phil Flynn said.

Now, the mild winter has given way to a mild spring in many areas. That means homes and businesses aren't powering up their air conditioning systems just yet. And Flynn said many of the idle nuclear plants are being returned to operation, which could reduce the utilities' need for natural gas.

Electricity demand from January through May 12 fell about 3.3 percent from the same period a year ago, according to Edison Electric Institute, the country's main electric utility trade group.

In other trading, oil prices fell as worries persisted about the future of Greece in the European Union and the long-term impact the crisis could have on the global economy. Some wonder if Greece will be forced to leave the group of countries that use the euro as currency if Greek politicians who oppose austerity measures win next month's elections.

That uncertainty trumped positive U.S. economic news. The Labor Department said that weekly applications for unemployment benefits were unchanged last week at a seasonally adjusted 370,000. That indicated modest gains in the job market.

Benchmark oil fell 25 cents to finish at $92.56 per barrel in New York. Brent crude, which is used to price many international oil products, fell $2.26 to $107.49 per barrel in London.

Heating oil dropped 4.86 cents to end at $2.849 per gallon and gasoline futures declined 4.27 cents to $2.8782 per gallon.

Meanwhile, the national average for retail gasoline fell about a half cent overnight to $3.722 per gallon, according to AAA, Wright Express and the Oil Price Information Service. That's about 18 cents less than a month ago and 22 cents less than a year ago.

http://news.yahoo.com/natural-gas-prices-drop-rising-supplies-174834190--finance.html

Aarontansl SG

Let said if one day, indo is not going to supply us gas, and that arab refuse to supply us fuel, what happen here, in a week time, we are history.

natural gas future are traded in NYSE, chicago, london, etc etc . . . . Cartel cant stop Singapore govt, union gas and SMART energy from buying it at "listed price".

bowah SG

wha lau, all april and may news?? hello, now september liao lols

bowah SG

natural gas future are traded in NYSE, chicago, london, etc etc . . . . Cartel cant stop Singapore govt, union gas and SMART energy from buying it at "listed price".

So if our govt are buying at the cartel fixed price at the commodities markets, we are alway at the mercy of their prices, isn't it.

If you think at a bigger picture, their decision affect everyone of us daily life, not just TDs, now you know why the americans and brits are so interested in middle east, indonesia and recently mynamar??

Aarontansl SG

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One reason I could think of is our Singapore govt might be wary of cheap natural gas affecting comfort delco profits, they might have some agreements, regulation or taxation to prevent cheap natural gas from flooding into Singapore

Aarontansl SG

wha lau, all april and may news?? hello, now september liao lols

the news maybe in april and may, but the chart i posted are latest, furthermore, since april till today, did the price of natural gas flicker behind international movement? No, Since 2007 till today the prices of gas had plummeted from $20 to $3, but why are the prices at Union gas and SMART keep going up?

bowah SG

That's is business as usual, Singapore being one of the richest state in asia, with nearly all its people consider as 1/2 millionaires including asset, do you think people doing business with singapore govt or companies is going to reduce prices??

Aarontansl SG

So if our govt are buying at the cartel fixed price at the commodities markets, we are alway at the mercy of their prices, isn't it.

brother, US are not the only natural gas seller, hundreds of countries including Malaysia have plenty of gas.

http://en.wikipedia.org/wiki/Natural_gas