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Just so you’ll know: “The natural gas market is a real successstory. …FERC has gotten an enormous amount of things right. Themarket may not be unblemished, but there are lots who consider thenatural gas market the best market in the world offering genuineprice discovery on a daily basis across dozens of products. It’ssomething everyone should be proud of,” Robert Levin of the NewYork Mercantile Exchange told a FERC conference yesterday.

Importing natural gas into Texas? Could the possibility evenexist? Unless the state’s oil patch has a revival in the nextcouple of years, a new study predicts that Texas soon will beconsuming more gas than it produces, pumping up the possibility oftransporting gas into the state that has long boasted its status asthe energy capital of the country.

Importing natural gas into Texas? Could the possibility evenexist? Unless the state’s oil patch has a revival in the nextcouple of years, a new study predicts that Texas soon will beconsuming more gas than it produces, pumping up the possibility oftransporting gas into the state that has long boasted its status asthe energy capital of the country.

EnergySouth’s Bay Gas Storage Co. Ltd. inked a 15-year naturalgas storage contract with Southern Company Services Inc. last week,quadrupling the amount of natural gas storage it already providesits parent Southern Co., and giving Southern’s six utilitiessalt-dome storage capacity of up to 3.2 million MMbtu of naturalgas.

Due to nominations exceeding capacity, Transwestern wasallocating capacity Monday on the San Juan Lateral, affecting 18points.

Achieving a vast amount of success in Georgia’s newlyderegulated retail gas industry came at a significant price, SCANAsaid last week as the South Carolina-based company reported 1999earnings of $179 million, or $1.73/share of common stock, down from$223 million, or $2.12/share in 1998.

What are the chances that the U.S. would experience yet anotherwarmer-than-normal winter after just having two in a row?Apparently they’re pretty good right now, according to a new winterweather forecast released last week by the National Oceanic andAtmospheric Administration. One thing is certain: the La Ninatropical Pacific sea temperature event, which is expected toinfluence this winter’s weather, will throw a monkey wrench intoregional weather forecasting models.

Yesterday’s Western Gulf of Mexico Lease Sale 174 brought inonly about one-sixth the amount of high bids the previous westernGulf sale garnered last year; however, a spokeswoman for oneindustry group downplayed the lackluster results.

With the amount of capital driving today’s energy companies,Statoil Energy recently announced it is searching for a partner tobolster its resource base. A spokesman for the Virginia-basedenergy marketer said the process is moving quickly and the companyhopes to find a partner by the end of the year.