After a five-year slide that lopped 75% off prices received by Alberta producers, Canadians are braced to bump into a floor under the buyers’ market for natural gas.
Bump
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Canadian Customers Should Lock In Low Prices Before It’s Too Late
After a five-year slide that lopped 75% off prices received by Alberta producers, Canadians are braced to bump into a floor under the buyers’ market for natural gas.
More Intra-Day Noms, Bumping Approved for TGT Service to Power Plants
A new tariff approved Thursday for Texas Gas Transmission (TGT) sets out an enhanced nominations service (ENS) with an additional 11 nomination cycles each gas day and interruptible (IT) bump times as short as one hour to serve the on-again, off-again power generation load.
More Intra-Day Noms, Bumping OK’d for TGT Service to Power Plants
A new tariff approved Thursday for Texas Gas Transmission (TGT) sets out an enhanced nominations service (ENS) with an additional 11 nomination cycles each gas day and interruptible (IT) bump times as short as one hour to serve the on-again, off-again power generation load.
Coal-Dependent Utah Assesses Climate Change Warily
Utah and PacifiCorp’s Rocky Mountain Power utility struggle with climate change pressures that bump up against the state’s cheap source of electricity from abundant coal-fired generation. The utility thinks there is room to accommodate both, and state officials have not proposed new restrictions on existing generators.
Encana Reports Stronger-than-Expected Onshore Output
Encana Corp. said Wednesday better-than-expected results in North American onshore natural gas plays will allow it to bump up 2010 production guidance by 65 MMcfe/d and increase capital spending by $500 million.
Futures Shoot Toward $6 Following 207 Bcf Storage Draw
Natural gas futures values received a surprise bump Thursday morning after the Energy Information Administration (EIA) revealed that 207 Bcf had been removed from underground storage for the week ending Dec. 11, which annihilated both last year’s 116 Bcf draw and the five-year average pull of 127 Bcf.
Washington Gas Delays LNG Storage Plans
Long-standing plans to site a $159 million liquefied natural gas (LNG) storage plant to help meet gas peak loads have hit another bump, driving back the projected start date for the Washington Gas Light Co. distribution utility’s proposed facility to the winter of 2013-14, said incoming CEO Terry McCallister.
Washington Gas Delays LNG Storage Plans
Long-standing plans to site a $159 million liquefied natural gas (LNG) storage plant to help meet gas peak loads have hit another bump, driving back the projected start date for the Washington Gas Light Co. distribution utility’s proposed facility to the winter of 2013-14, said incoming CEO Terry McCallister.
Transportation Notes
With linepack starting to bump up against its maximum target levels and threatening to greatly exceed them over the weekend, Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO for Friday on its California Gas Transmission system. Penalties of $1/Dth were set for positive daily imbalances exceeding a 6% tolerance. The giant dual utility had issued a systemwide low-inventory OFO Wednesday.