With Hurricane Dean following a more westerly path than first expected, natural gas futures traders were ringing the sales register early and often in Sunday’s overnight Globex session and again during Monday’s regular trading session, peeling almost $1 worth of hurricane premium off the prompt-month contract. September futures reached a low of $6.035 on Monday before closing at $6.040, down a whopping 97 cents from Friday’s close.
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ANR’s Attempt to Retain Revenues from Storage Gas Sale Protested
ANR Pipeline should be directed to credit the net revenues from a sale of 2.6 Bcf of “excess” storage gas to its shippers rather than be allowed to keep them, ConocoPhillips Co. told FERC last week.
Transportation Notes
Florida Gas Transmission allowed an Overage Alert Day for market-area customers that was implemented Monday to lapse Wednesday.
Transportation Notes
Florida Gas Transmission (FGT) kept an Overage Alert Day for market-area customers that was initiated Aug. 4 in place through Saturday, then allowed it to lapse Sunday before reinstating one Monday with 25% tolerance for negative daily imbalances. Highs in the mid to upper 90s were forecast for Florida Monday, FGT said.
Transportation Notes
Florida Gas Transmission allowed an Overage Alert Day to lapse last Saturday that been initiated a week earlier.
House Panel Says Gas in BP Processing Plant at Dangerous Level
A House committee is looking into allegations by BP employees that the company has allowed natural gas in a Prudhoe Bay processing plant to reach a level that is almost double the size of the facility’s design capacity.
House Panel Says Gas in BP Processing Plant at Dangerous Level
A House committee is looking into allegations by BP employees that the company has allowed natural gas in a Prudhoe Bay processing plant to reach a level that is almost double the size of the facility’s design capacity.
Transportation Notes
Pacific Gas & Electric narrowed a systemwide high-inventory OFO issued for Saturday to a customer-specific one Sunday, then allowed it to expire Monday. However, PG&E issued a new systemwide Stage 2 high-inventory OFO for Tuesday, setting penalties of $1/Dth for exceeding a 5% tolerance on positive daily imbalances.
Transportation Notes
Southern California Gas extended a high-linepack OFO through Sunday, then allowed it to lapse Monday.
Transportation Notes
Flows were allowed to resume at three meters Thursday after Tennessee lifted the force majeure that had been declared a week earlier for the West Delta 527A-300 Line due to a leak (see Daily GPI, April 16).