The appetite for natural gas has extended into areas without extensive pipeline networks through trucking the fuel in the form of compressed natural gas (CNG). It is becoming a growing business, particularly for large industrial businesses.
Appetite
Articles from Appetite
California Downplays NatGas, Begins BioGas Push
California regulators last week took action that longer term could lower natural gas demand in a state with a 5 Bcf/d appetite by approving a less gas-dependent long-term plan for Southern California Edison Co.’s (SCE) future sources of electricity and launching a rulemaking to examine how to integrate biomethane into the state’s extensive gas pipeline grid.
Energy Utility Execs Cool Toward M&A Activity
In today’s uncertain economic and public policy environment, senior executives are leery of Wall Street’s ready appetite for mergers and acquisitions (M&A), according to a panel of three executives discussing growing rate base Tuesday at the Bank of America Merrill Lynch Power and Gas Leaders Conference in New York City.
Traders Take Few Chances and Cover Shorts; February Gains
February natural gas futures rose Friday as traders showed little appetite for risk and elected to cover short positions prior to the long holiday weekend. Short-term traders see little likelihood that the market will continue higher. At the close February futures rose 7.3 cents to $4.480 and March gained 7.1 cents to $4.490. February crude oil added 14 cents to $91.54/bbl.
Deepwater E&P Changes to Spread ‘Well Beyond’ GOM
Policymakers should avoid making regulatory decisions only to satisfy the public’s appetite for swift retribution following the Deepwater Horizon well blow-out in the Gulf of Mexico (GOM) because “excessively stringent” rules could result in costs increasing to the point that it becomes uneconomical to drill in deep waters, according to a study published last week (see related story).
New Deepwater E&P Changes to Spread ‘Well Beyond’ GOM
Policymakers should avoid making regulatory decisions only to satisfy the public’s appetite for swift retribution following the Deepwater Horizon well blow-out in the Gulf of Mexico (GOM) because “excessively stringent” rules could result in costs increasing to the point that it becomes uneconomical to drill in deep waters, according to a new study.
ICE Acquires ChemConnect’s NGL, Chemical Commodity Trading Business
Continuing to display its voracious appetite for acquisitions and mergers, Atlanta-based IntercontinentalExchange Inc. (ICE) — an electronic energy marketplace and soft commodity exchange — said Monday it has entered into a definitive agreement to acquire Houston-based ChemConnect Inc.’s commodity trading business.
MidAmerican Energy to Acquire PacifiCorp, Buffett’s 4th Energy Utility
Warren Buffett’s appetite for energy assets displayed itself again last week as his MidAmerican Energy Holdings Co. reached a definitive agreement with United Kingdom-based ScottishPower to buy electric affiliate PacifiCorp for $5.1 billion in cash, plus the assumption of $4.3 billion of debt. MidAmerican already has two major interstate natural gas pipelines in addition to its midwestern utility operations.
Trilateral Report Calls on North America’s Policy Makers to Tackle Natgas Issues
Because North America’s appetite for natural gas shows no signs of letting up anytime soon, policy makers need to take swift steps to deal with pipeline capacity constraints, liquefied natural gas (LNG) siting problems, production bottlenecks and gas storage concerns, says a new trilateral report by senior energy officials from the United States, Canada and Mexico.
Trilateral Report Calls on North America’s Policy Makers to Tackle Gas Issues
Because North America’s appetite for natural gas shows no signs of letting up anytime soon, policy makers need to take swift steps to deal with pipeline capacity constraints, liquefied natural gas (LNG) siting problems, production bottlenecks and gas storage concerns, says a new trilateral report by senior energy officials from the United States, Canada and Mexico.