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Global Natural Gas Report

 

Date:   July 28, 2010

 

Markets seem very stable with low volume so far today.  NBP is within the same ranges for yesterday with very low volume beyond the prompt month.  HH is basically flat and awaiting the settlement today for the Aug contract.  Asia remains well bid for cargoes with TEPCO reportedly looking to increase buying of spot cargoes.  Asia remains well above other global gas markets and Atlantic diversions of cargoes is certainly possible with the spread now over $2 to NBP.

 

The Global Gas Report will return on Monday,  Aug 2.

 

JKM-HH - SEP

3.59

 

NBP:

Resistance:

41.30   43.18

 

Support: 

38.76   38.00

 

 

NBP-HH as of 7:30 EDT

Aug

1.505

1.565

Sep

1.363

1.409

Oct

1.833

1.862

Nov

2.309

2.404

Q410

2.198

2.287

Winter 10

2.409

2.447

Summer 11

1.928

1.973

 

Richard Rosenberg
Vice President, Business Development
ICAP Energy LLC
Richard.Rosenberg@us.icapenergy.com

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