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2005

Nymex: Hedge Funds Appeared to ‘Dampen’ Price Volatility in 2004

Hedge funds, or private investment funds, represented about 9.05% of natural gas futures trading volume in the first eight months of 2004 and 20.4% of gas futures open interest, but their market participation actually appeared to “dampen” price volatility rather than cause it or increase it, the New York Mercantile Exchange Inc. (Nymex) said Tuesday in a new 2004 Market Participants Study.

March 9, 2005

KeySpan Sues Over Providence LNG; Wood to Meet Rhode Island Officials

While KeySpan LNG has filed a federal court lawsuit to smooth the path for its proposed Rhode Island LNG import terminal, FERC Chairman Pat Wood is taking a jawboning approach, setting a meeting in Washington later this month with federal and state political leaders.

March 7, 2005

Columbia Gas Tests Waters for Expansion of System in Kentucky, West Virginia

NiSource Inc. subsidiary Columbia Gas Transmission Corp. said Thursday it is testing the waters to determine the interest of Appalachian producers in a potential expansion of its existing natural gas pipeline system that would permit delivery of additional supplies to markets in the Upper Southeast, Mid-Atlantic and Northeast regions.

March 4, 2005

KeySpan Sues Over Providence LNG; Wood to Meet Rhode Island Officials

While KeySpan LNG has filed a federal court lawsuit to smooth the path for its proposed Rhode Island LNG import terminal, FERC Chairman Pat Wood is taking a jawboning approach, setting a meeting in Washington later this month with federal and state political leaders.

March 3, 2005

Bush, Putin Push Greater U.S.-Russian Energy Cooperation, Investments

The United States and Russia issued a joint pledge to focus on ways to reduce barriers to increased commercial energy partnerships and investments in energy projects, including Russian pipelines and the liquefied natural gas (LNG) business.

February 28, 2005

Canadian Regulators Order Brief Delay in Mackenzie Project Review

Preliminary sparring has ended in a delay of about three months for regulatory review of Canada’s arctic natural gas production and pipeline project. But authorities also have vowed to keep the process going at a brisk pace.

February 28, 2005

Bush, Putin Push Greater U.S.-Russian Energy Cooperation, Investments

The United States and Russia issued a joint pledge to focus on ways to reduce barriers to increased commercial energy partnerships and investments in energy projects, including the Russian pipeline and liquefied natural gas (LNG) business.

February 28, 2005

Canadian Regulators Order Brief Delay in Mackenzie Project Review

Preliminary sparring has ended in a delay of about three months for regulatory review of Canada’s arctic natural gas production and pipeline project. But authorities also have vowed to keep the process going at a brisk pace.

February 28, 2005

Shell’s Gulf Landing LNG Terminal Approved by MARAD

Shell Gas & Power said its Gulf Landing offshore liquefied natural gas (LNG) import terminal has been approved by the U.S. Maritime Administration (MARAD). The 1 Bcf/d terminal will be located in West Cameron Block 213 about 38 miles offshore Louisiana. Service is expected in late 2008 or early 2009.

February 21, 2005

Tractebel Enters Offshore Massachusetts LNG ‘Marathon’

Tractebel LNG said last week there may be enough gas demand in New England to support its new Neptune liquefied natural gas (LNG) project offshore Gloucester, MA, as well as Excelerate Energy LLC’s Northeast Gateway terminal, planned nearby, but it may be impractical to have two similar LNG projects located in the same general area.

February 21, 2005