Polish Oil & Gas Co. (PGNiG), one of Central Europe’s leading utilities, has signed binding contracts with subsidiaries of Venture Global LNG to take exports over 20 years from proposed liquefied natural gas (LNG) projects that would be sited in Louisiana and Texas. PGNiG said it will buy 2 million metric tons/year of LNG from Venture’s two planned Louisiana projects — Calcasieu Pass, set to ramp up in 2022, and Plaquemines LNG, set for 2023 start up. The LNG price would be based on the Henry Hub index, along with liquefaction costs, PGNiG said. The contracts are the result of an agreement completed in June at the World Gas Conference in Washington, DC.
Audit
Articles from Audit
Pennsylvania Audit Finds Up to $10.5M in Savings For Philly Gas Works
The Pennsylvania Public Utility Commission (PUC) on Thursday released an operations audit of Philadelphia Gas Works — the nation’s largest municipally-owned gas utility — with recommendations it said could generate up to $10.5 million in savings for the underfunded company.
TransCanada’s Alberta System Showing Its Age, Audit Finds
Lingering risks of ruptures, explosions, fires and breakdowns haunt the western supply side of TransCanada Corp.’s natural gas delivery network 16 years after a corporate merger included taking over the aging system.
People
As part of a broader set of management succession plan changes,Sempra Energyannounced selection of new CEOs to run its two California utility andU.S. Gas & Powerunits. Under the changes, current CEO of the gas/power subsidiary,Jeffrey Martin, 51, will become CEO ofSan Diego Gas and Electric Co.; current COODennis Arriola, 52, becomes CEO atSouthern California Gas Co.; andPatricia Wagner, 51, Sempra’s current vice president for parent company audit services, becomes CEO of U.S. Gas & Power.
Audit Finds Trinidad’s Proved Gas Reserves in Decline
Trinidad and Tobago’s energy minister said Wednesday an audit has revealed that the Caribbean country’s proved natural gas reserves have declined, but he predicted that global demand for its liquefied natural gas (LNG) resources would rise.
Report: Trinidad’s Proved Gas Reserves Down 7%
Trinidad and Tobago’s energy minister said Wednesday an audit has revealed that the Caribbean country’s proved natural gas reserves have declined, but he predicted that global demand for its liquefied natural gas (LNG) resources would rise.
Energy Traders Unprepared for Tougher Regulations
The majority of energy trading representatives surveyed believe that regulatory audit and enforcement actions against energy traders will increase in the future, but only a small percentage rank the industry’s readiness to comply with new financial regulatory reforms as “good” or “excellent” at this point, according to a study released last Tuesday.
Energy Traders Unprepared for Tougher Regulations
The majority of energy trading representatives surveyed believe that regulatory audit and enforcement actions against energy traders will increase in the future, but only a small percentage rank the industry’s readiness to comply with new financial regulatory reforms as “good” or “excellent,” according to a study released Tuesday.
FERC Staff: 90% of Transmission Providers Complying with Standards of Conduct Requirements
Following some prodding from FERC’s audit and enforcement staffs, 90% of the 190 natural gas and electric transmission providers that are subject to the expanded standards of conduct governing their relationships with affiliates are now in compliance with agency requirements, the Commission staff reported last Wednesday.
FERC Staff: 90% of Transmission Providers Complying with Standards of Conduct Requirements
Following some prodding from FERC’s audit and enforcement staffs, 90% of the 190 natural gas and electric transmission providers that are subject to the expanded standards of conduct governing their relationships with affiliates are now in compliance with agency requirements, the Commission staff reported Wednesday.