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Industry Briefs

Inergy LP’s Tres Palacios 20-mile header pipeline extension is now in service, allowing shippers to transport up to 300 MMcf/d of natural gas from the tailgate of Kinder Morgan Energy Partners LP’s Houston Central gas processing plant in Colorado County, TX, to the Tres Palacios gas storage facility. The 24-inch diameter extension also enables delivery of gas from the Houston Central plant to any of the 10 interstate and intrastate pipelines interconnected with the Tres Palacios header system. “Beyond providing Eagle Ford Shale producers with significant new market options, we believe our new Houston Central interconnection will increase liquidity at the Tres Palacios hub point for marketers to access supply,” said Bruce Page, Tres Palacios vice president for commercial operations and business development. The Houston Central plant provides 700 MMcf/d of processing capacity and 22,000 b/d of fractionation capacity and is being expanded to process an additional 400-800 MMcf/d of rich gas from the Eagle Ford Shale.

June 7, 2013

Natural Gas-Based Ethanol Idea Resurfaces in Congress

A measure aimed at stabilizing food prices while enhancing America’s energy security and global competitiveness by allowing ethanol produced from natural gas to compete with corn-based sources was reintroduced Tuesday in the House of Representatives with bipartisan support. However, whether the bill has legs is up for debate as a similar measure, HR 3773, failed to find traction last year.

May 16, 2013

Kinder Poised for LNG Exports

Kinder Morgan Inc. (KMI) subsidiaries propelled the midstream giant to big profits during the first quarter of 2013, allowing it to raise the quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.

April 22, 2013

KMI Rakes in 1Q Profits, Offers Thoughts on LNG Exports

Subsidiaries of Kinder Morgan Inc. (KMI) propelled the company to big profits during the first quarter of 2013, allowing it to raise its quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.

April 19, 2013

Kinder Morgan Subsidiaries Help Company Rake in 1Q Profits

Subsidiaries of Kinder Morgan Inc. (KMI) propelled the company to big profits during the first quarter of 2013, allowing it to raise its quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.

April 19, 2013

ExxonMobil: Restricting LNG Exports Like Imposing Price Controls

The “threat of regulatory overreach” in not allowing liquefied natural gas (LNG) exports “is tantamount to introducing price controls on natural gas,” ExxonMobil Chemical Co. President Stephen Pryor said last week, directly countering the campaign of another chemicals giant, Dow Chemical Co., which has been heavily lobbying to protect its domestic feedstocks.

March 11, 2013

ExxonMobil: Restricting LNG Exports is Like Imposing Price Controls

The “threat of regulatory overreach” in not allowing liquefied natural gas (LNG) exports “is tantamount to introducing price controls on natural gas,” ExxonMobil Chemical Co. President Stephen Pryor said Tuesday, directly countering the campaign of another chemicals giant, Dow Chemical Co., which has been heavily lobbying to protect its domestic feedstocks.

March 7, 2013

Canada Should Open Door to Foreign Investment in LNG, Says PFC

A consulting firm’s global market review makes a case for a Canadian open door policy, allowing foreign firms to have an equity share in developing Canadian liquefied natural gas (LNG) export projects and the resources that supply them.

January 22, 2013

Canada Should Open Door to Foreign LNG Investment, Says PFC

A consulting firm’s global market review makes a case for a Canadian open door policy, allowing foreign firms to have an equity share in developing Canadian liquefied natural gas (LNG) export projects and the resources that supply them.

January 21, 2013

Industry Brief

Colorado regulators have approved a settlement for Rapid City, SD-based Black Hills Corp.’s natural gas utility operations in the state, allowing a small rate increase amounting to less than 1% annually. Black Hills/Colorado Gas Utility Co. put the recommended rate hike into effect Monday, the first base rate increase for the utility since April 2009. Although the increase amounts to only $174,000 more in revenue annually, or an 0.83% increase, Black Hills officials said the approved rates allow it to recover the nearly $30 million the utility has invested in its infrastructure since 2008, along with a 9.6% return on equity. The increase was hammered out in a settlement earlier this year among the utility, Colorado Public Utilities Commission staff and the state Consumer Counsel Office.

December 12, 2012
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