Maritimes & Northeast Pipeline has begun clearing theHalifax Lateral pipeline route. The clearing contractor began workon Feb. 29 in various locations along the lateral route that havereceived National Energy Board approval. Clearing is scheduled tobe complete in April.
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2000 Swing Market Begins on Slightly Softer Note
Disregarding debate over whether the new millennium has alreadybegun or won’t arrive until nearly a year from now, gas tradersgreeted the year 2000 by sending spot prices moderately lower. Itwas hardly surprising that the January aftermarket would open on adownward trend, a Texas marketer said. “We’ve been wondering whythis market has remained up as much it did. Everything seemsbearish.”
Medicine Bow Now Moving Powder River Gas
Coastal’s Wyoming Interstate Co. has completed construction ofits Medicine Bow Lateral pipeline and begun moving gas. “Wereceived excellent customer response to this project from the verybeginning, and we now are ready to move more of their Powder RiverBasin gas to market,” said Jon Whitney, CEO of Colorado InterstateGas (CIG), which operates Wyoming Interstate (WIC).
Transportation Notes
CIG said Friday an OFO begun Nov. 11 (see Daily GPI, Nov. 11) and regarding FT imbalances andand limitations on storage injections would remain in effect throughthe weekend. Based on the latest weather forecasts, CIG anticipatesbeing able to lift the OFO Tuesday. A new bulletin board posting todaywill update the OFO status.
Warm Weather Depressing Cash Market Again
Prices failed to maintain the upward momentum that had begun theweek, slipping lower by a nickel to a dime at nearly all pointsTuesday. Traders were unable to ignore the cumulative negativedemand effect of more than 40 cities setting all-time hightemperature records for the month of November over the previousweek. And although one marketer said the screen had little bearingon day-to-day cash pricing, the nickel-plus drop in futuresprovided no support for cash.
Transportation Notes
Northwest lifted Tuesday an entitlement for undertakes north ofKemmerer (WY) Station that had begun a week earlier (see Daily GPI, Nov. 10). Although linepack has returned toan acceptable level, the pipeline said, Jackson Prairie storage”remains virtually full with approximately 300,000 [dekatherms] ofavailable physical capacity.” Northwest is not authorizing anyimbalance paybacks until further notice.
Pipes Asked to Justify Projects Under New Pricing Policy
FERC staff has begun sending out letters to pipelines askingthem to explain how their proposed projects will square with thenew policy statement that favors incremental pricing. NorthernBorder Pipeline Co. — the first pipe to receive such a letter —made clear its disdain for the pricing policy in its response.
Pipes Asked to Justify Projects under Price Policy
FERC staff has begun sending out letters to pipelines askingthem to explain how their proposed projects will square with thenew policy statement that favors incremental pricing. NorthernBorder Pipeline Co. – the first pipe to receive a letter – madeclear its disdain for the pricing policy in its response last week.
Transportation Notes
Florida Gas Transmission extended an Overage Alert Day notice forits market area that had begun Tuesday (see Daily GPI, Sept. 29) through Thursday but againloosened the tolerance for negative daily imbalances from 6% to 8%.
California Studies New Pipelines for Power
As the list of planned new natural gas-fired power plants inCalifornia lengthens, state officials have begun to survey thedeliverability of resources to fuel those plants.