FW: AGA To Discontinue Weekly Gas Storage Report In Jan '02

FYI.

-----Original Message-----
From: Lindauer, Jason [mailto:Jason.Lindauer@tfn.com]
Sent: Friday, October 12, 2001 2:36 PM
Subject: FW: AGA To Discontinue Weekly Gas Storage Report In Jan '02
Importance: High

< 10/12 3:08P (DJ)=10+DJ AGA To Discontinue Weekly Gas Storage Report In J=
an
< '02
< Story 5448 DJ AGA/Gas Report -2: Report Stirred Controversy In August
< NEW YORK (Dow Jones)--The American Gas Association said Friday that it
< will=20
< cease publication of its widely watched weekly survey of natural gas in=
=20
< storage after this year.=20
< AGA will publish its last survey on Jan. 2, leaving the natural gas
< industry=20
< and markets without a standard reference point for storage data, a key=20
< determinant of gas prices.=20
< The industry group said in a press release that it will ask the U.S.=20
< Department of Energy's Energy Information Administration to consider=20
< publishing its own monthly storage report more frequently. Commercial=20
< estimates are also available, the AGA said.=20
< The AGA said its survey was taking increasingly more staff time and
< draining=20
< resources from programs that were more beneficial to its members.=20
< A sharp revision in the AGA's survey for the week ended Aug. 10 produce=
d
<=20
< wild price swings in the price of gas futures on the New York Mercantile=
=20
< Exchange, controversy in the trading community and complaints to the
< Commodity=20
< Futures Trading Commission, the commodity market regulator.=20
< The AGA's weekly reports on the volume of natural gas placed into
< storage=20
< are closely watched as indicators of the industry's preparedness for the=
=20
< peak-demand winter season.=20
< =20
< (MORE) DOW JONES NEWS 10-12-01
< 03:33 PM
< Additional Codes ( N/DJWI, N/DOI, N/DPG, N/DRV, N/EGY, N/ENY, N/HOT,
< N/LNG,
< N/MKT, N/NMKT, P/DGA, P/DUT, R/NAPW, R/NME, R/US)
<=20
< =09______________________
< =09Jason M. Lindauer
< =09Director
< =09Thomson Financial/Carson=20
< =09156 W. 56th Street, 6th Fl.
< =09New York, NY 10019
< =09P: (212) 707-0680
< =09F: (212) 707-0501
< =09jason.lindauer@tfn.com
< =09www.thomsonfinancialcarson.com
< _______________________
<