Caused

The economic recession and liquefied natural gas (LNG) market dynamics have caused the indefinite postponement of an LNG transshipment and storage terminal proposed by Newfoundland LNG Ltd. for Grassy Point on Placentia Bay on the southeast coast of Newfoundland, Canada.

The economic recession and liquefied natural gas (LNG) market dynamics have caused the indefinite postponement of an LNG transshipment and storage terminal proposed by Newfoundland LNG Ltd. for Grassy Point on Placentia Bay on the southeast coast of Newfoundland, Canada.

CIG said various operating conditions related to gas loading factors in its Segment 118, located in the Oklahoma Panhandle, have caused variations in pressure that affect the pressure needed to deliver gas to the east end delivery points of Segment 118. “To assist in controlling these varying pressure levels, CIG will establish a new constraint point: Beaver East (BEC) between Beaver…and Floris (FRS),” the pipeline said. The operationally available capacity at this point will be 210 MMcf/d beginning Thursday. The new BEC constraint point will limit deliveries to FRS, Forgan, Mocane and Mid-America, CIG said, but it will not affect firm primary nominations.

Not surprisingly on the day after storage news got even more bearish than before and caused a plunge of 38.3 cents by April futures, cash numbers fell at all points Friday. Except for the Rockies, Western Canada and a few sections of the Midwest, freezing lows were continuing to disappear from the overall forecast. The usual weekend decline of industrial load was a slightly negative factor in Friday’s market.

The latest blast of winter cold in much of the East is proving to be short-lived, and so are the two days of price firmness that it caused. Numbers dropped at nearly all points Thursday as a warming trend was forecast for the Midwest and cold temperatures were due to ease slightly in the Northeast. While colder conditions would continue spreading in the South Friday, they weren’t enough to offset the decline of heating load in more northerly climes.

Colorado’s nonpartisan Office of Legislative Legal Services (OLLS) has caused an uproar in the state legislature after it suggested repeal of one of the new rules that will govern future natural gas and oil drilling in the state.

The recession and credit crisis have caused the postponement of a $79 million pipeline project in Nebraska proposed by Nebraska Resources Co. LLC (NRC), a unit of Seminole Energy Services, the company said recently. Collapse of the ethanol industry, which the pipeline would have served, was largely blamed.

The recession and credit crisis have caused the postponement of a $79 million pipeline project in Nebraska proposed by Nebraska Resources Co. LLC (NRC), a unit of Seminole Energy Services, the company said recently. Collapse of the ethanol industry, which the pipeline would have served, was largely blamed.

The explosion and fire that shut down the DCP Midstream East Texas gas processing plant north of Carthage, TX, Wednesday was caused by the rupture of a third-party pipeline outside the company’s property, DCP Midstream said Thursday.