Southern Natural Gas said it had completed damage assessments on the 26-inch diameter line leading away from the Gate 6 supply aggregation platform offshore southeast Louisiana where a rupture occurred early Friday on one of the two companion 20-inch diameter lines (see Daily GPI, Aug. 8). It allowed flows to resume Tuesday at 12 receipt points behind the platform (see the bulletin board for list). Those points were flowing approximately 300,000 Dth/d prior to the force majeure event, Southern said, “and our plans are to schedule 150,000 Dth/d at these points effectively immediately and then ramp up to the pre-force majeure event volumes over the next [three to five] days or as conditions will allow.” Southern said it also is evaluating an interim solution that will allow additional flows from the Main Pass area. Besides encouraging shippers affected by the force majeure to fully use their storage withdrawal rights, Southern listed Petal Storage-Enterprise, Elba, Tennessee-Rose Hill, Tennessee-Toca, Tennessee-Pugh and Destin-Enterprise as alternate supply sources.
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Mirant Sells Large Chunk of Canadian Aggregation, Storage Contracts to Cargill
Casting off the contracts that once catapulted it to the top of the gas marketer rankings, Mirant Corp. last Thursday said it will sell a significant portion of its Canadian gas aggregator, transportation and storage agreements to food processing giant Cargill Ltd. Terms of the deal were not disclosed, but financially struggling Mirant said it would reduce its collateral obligations by about $200 million.
Mirant Sells Large Chunk of Canadian Aggregation, Storage Contracts to Cargill
Casting off the contracts that once catapulted it to the top of the gas marketer rankings, Mirant Corp. on Thursday said it will sell a significant portion of its Canadian gas aggregator, transportation and storage agreements to food processing giant Cargill Ltd. Terms of the deal were not disclosed, but financially struggling Mirant said it would reduce its collateral obligations by about $200 million.
NJ Deregulation Stumbles In Legislature
Uncertainty over the treatment of municipal aggregation in NewJersey’s energy deregulation legislation caused the state’srestructuring bill to be bounced back and forth several times lastweek between the general assembly and senate, resulting in at leasta two-week delay before a final decision. The restructuring billprovides strict deadlines of Aug. 1 for statewide electric utilitygeneration unbundling, and Dec. 31 for statewide gas utility supplyunbundling. It is being reviewed by the assembly at the presenttime, and the next available voting session will take place Jan.28.
