Assured

FERC on Thursday assured the California Coastal Commission (CCC) that it was not stepping on the state agency’s toes by asserting “exclusive jurisdiction” over Sound Energy Solution’s (SES) planned liquefied natural gas (LNG) terminal for the Port of Long Beach, CA.

FERC last Thursday assured the California Coastal Commission (CCC) that it was not stepping on the agency’s toes by asserting “exclusive jurisdiction” over Sound Energy Solution’s (SES) planned liquefied natural gas (LNG) terminal for the Port of Long Beach, CA.

California’s two major energy agencies assured a state Senate Utilities and Communications Committee Tuesday in Sacramento that additional “energy action” is needed this year to keep the state on its current track of restoring the major energy utilities to full financial strength and increasing the reliability of the electricity and natural gas systems in the future beyond 2006.

For the winter billing period of November through April, Pacific Gas and Electric Co. said Thursday its 3.8 million residential customers will receive baseline volume increases of 5% to 26% for the lowest natural gas rates that it charges.

Embattled El Paso Corp. assured investors that its liquidity position remains “strong” in the wake of Moody’s Investor Service’s decision Wednesday to lower its rating on the company’s $23 billion in debt to near junk status.

Despite the volatility the natural gas market has experienced over the last few weeks, Anadarko CEO Robert J. Allison, Jr. assured attendees at the tenth annual John S. Herold Pacesetters Energy Conference in Greenwich, CT, that his company has not made any major changes in its business plan. He added that just like they always do, “gas markets will self-correct.”

Despite the volatility the natural gas market has experienced over the last few weeks, Anadarko CEO Robert J. Allison, Jr. assured attendees at the tenth annual Herold Pacesetters Energy Conference in Greenwich, CT that his company has not made any major changes in its business plan. He added that just like they always do, “Gas markets will self-correct.”

Canadians are being assured by their two biggest natural gas transporters that they don’t have to take sides in the contest over the northern pipelines because they stand to gain no matter which project wins. After carrying an estimated C$40 billion worth (US$27 billion) of exports to the United States in the past 20 years, the “prebuild” of the Alaska pipeline, completed by Foothills Pipe Lines Ltd., predicts that far from losing, Canadians stand to gain if the country can build the missing northern link in the Alaska Natural Gas Transportation System (ANGTS).

Canadians are being assured by their two biggest natural gas transporters that they don’t have to take sides in the contest over the northern pipelines because they stand to gain no matter which project wins. After carrying an estimated C$40 billion worth (US$27 billion) of exports to the United States in the past 20 years, the “prebuild” of the Alaska pipeline, completed by Foothills Pipe Lines Ltd., predicts that far from losing, Canadians stand to gain if the country can build the missing northern link in the Alaska Natural Gas Transportation System (ANGTS).