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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (182885)	3/13/2014 7:21:33 AM
From: Dennis Roth	2 Recommendations Recommended By evestor LoneClone Read Replies (1) \| Respond to of 206140

Energy Weekly: Winter Stress Tests The European-US Natural Gas Spread — Divergent Weather Patterns Narrowed The HH-NBP Spread To ˜$3.50, The Ukraine Crisis Means That It Is As Tight As It Gets 12 March 2014 ¦ 13 pages ir.citi.com The brutal cold in the US and a temperate winter in Europe provided an excellent stress test of the spread between US and European gas prices, with the spread reaching a low of ~$3.50/MMBtu in mid-February, until the Ukraine crisis put at least a temporary floor into the European market. The polar vortex that swept across North America this winter and tested the limits of the US gas network has pushed gas inventories 25-bcm (0.9 Tcf) lower vs. a year ago and briefly took gas prices over $6/MMBtu. Mild weather in Europe left gas inventories ~10-bcm higher y/y (37%), forcing prompt NBP prices $2-2.5/MMBtu lower since early December. The drop in industrial and power generation demand for gas in Europe has raised the residential/commercial proportion of total demand from 38% in 2011 to 44% in 2013.