Break

Increased natural gas development in the Gulf of Mexicocontinues at break-neck speed. Daulphin Island Gathering Partners(DIGP) recently completed two projects that will expand natural gasservice in the Gulf.

Increased natural gas development in the Gulf of Mexicocontinues at break-neck speed. Daulphin Island Gathering Partners(DIGP) recently completed two projects that will expand natural gasservice in the gulf.

Break out a top gas and power marketer, like for instance,Aquila Energy, from its regulated brethren at UtiliCorp United, andpartner it with an aggressive, hard-charging independent powerproducer (IPP), like for instance, Calpine, and you could create adynamic front-runner in the energy market.

Break out a top gas and power marketer, like for instance,Aquila Energy, from its regulated brethren at UtiliCorp United, andpartner it with an aggressive, hard-charging IPP, like forinstance, Calpine, and you could create a dynamic front-runner inthe energy market.

At its final meeting before the August break, FERC last weekcleared its agenda of several major rehearing orders — includingOrder 637-B, which was a rehearing of Order 637-A, which was arehearing of Order 637. This time around the Commission refused tobudge on the majority of the policy calls it made in 637-A thataddressed regulation of the short-term natural gas transportationmarket.

Florida Gas Transmission said Thursday’s line break in its 22-inchmainline in Brazoria County south of Houston (see Daily GPI, June 23) had been repaired Friday morningand nominations at upstream receipt points had resumed with that day’sIntraday 1 cycle. Also, FGT lifted Friday an Overage Alert Day noticefor its market area.

Florida Gas Transmission declared a force majeure following aline break Thursday morning near Station 4 in Brazoria County, TX.The upstream MOPS, Danex MID Fields, HPL Magnet Withers, Live OakZella and Buckeye Burke receipt points were shut in until furthernotice, and affected shippers were given extended deadlines tore-source their gas. FGT Operations said Thursday afternoon itanticipated repairing the 22-inch mainline and returning it toservice by early this morning. The pipeline advised customers thatreceipt points upstream of Station 4 would become available fornominations during today’s Intraday 1 cycle.

Although it’ll be poorer by a couple of million dollars, KinderMorgan Inc. says it’s glad to have finally reached a settlementwith FERC resolving many of the marketing-affiliate issues thathave dogged its pipeline companies for years.

In a break from the usual price downturns associated withend-of-the-week gas trading, many markets points posted no gain orsmall increases Friday. Northeast points were the notable exceptionas expected wintery weather for the weekend caused significantprice jumps.