Basis

In a filing with the Department of Energy’s (DOE) Office of Fossil Energy, Cheniere Marketing Inc. has requested authorization to export on a spot market basis over a two year period up to 64 Bcf of liquefied natural gas (LNG) that has been imported and stored at the Sabine Pass LNG terminal in southwest Louisiana.

In a filing with the Department of Energy’s (DOE) Office of Fossil Energy, Cheniere Marketing Inc. has requested authorization to export on a spot market basis over a two-year period up to 64 Bcf of liquefied natural gas (LNG) that has been imported and stored at the Sabine Pass LNG terminal in southwest Louisiana.

Dominion Cove Point LNG LP and Dominion Transmission Inc. have called on FERC to act on a “highly expedited basis” to affirm and reissue all of the agency’s authorizations for the $700 million expansion of their liquefied natural gas (LNG) import terminal in Lusby, MD, and associated pipeline facilities.

A group of Columbia Transmission shippers has called on FERC to grant emergency relief on an expedited basis to prevent the pipeline from unilaterally modifying the primary delivery points under their contracts while a complaint proceeding is pending.

A group of Columbia Transmission shippers have called on FERC to grant emergency relief on an expedited basis to prevent the pipeline from unilaterally modifying the primary delivery points under their contracts while a complaint proceeding is pending.

Most of the cash market moved higher Thursday on the basis of some air conditioning load developing in the South, pockets of chilly weather continuing in northern market areas (primarily near the Canadian border) and the previous day’s 22.8-cent futures gain capping a three-day run of firmness by the May contract.

Keeping the theme intact of moving mostly as a whole on a daily basis, a vast majority of cash points finished out the week with gains on Friday, recording hikes that ranged mostly from a few pennies to a quarter. A few El Paso points out West were some of the only losers on the day, shedding a couple of pennies apiece. It was an up and down week. Friday’s gains built on increases Thursday. Monday and Wednesday showed overall declines offset by widespread increases Tuesday.

Long-suffering Rockies producers are seeing the light at the end of the basis tunnel as the landmark Rockies Express Pipeline LLC (REX) wends its way eastward. But what the industry has yet to open its eyes to is the trouble brewing down South, says an industry analyst.

Long-suffering Rockies producers are seeing the light at the end of the basis tunnel as the landmark Rockies Express Pipeline LLC (REX) wends its way eastward. But what the industry has yet to open its eyes to is the trouble brewing down South, says an industry analyst.