Moody’s Investors Service downgraded the credit rating of gas pipeline operator Iroquois Gas Transmission System LP on Wednesday to Baa1 from A3 in reaction to cost overruns associated with the Eastchester Expansion project and liabilities related to power transmission damage that occurred during construction of the project.
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EIA Raises Projection for Gas Prices Again, Cites Demand, Oil Prices
The Energy Information Administration (EIA), in its Short-Term Energy Outlook for June, again raised its projection for the average spot price of natural gas this year — by 7% to an average of $6.20/Mcf from the $5.80/Mcf that it had projected last month.
EIA Raises Projection for Gas Prices Again, Cites Demand, Oil Prices
The Energy Information Administration (EIA), in its Short-Term Energy Outlook for June, again raised its projection for the average spot price of natural gas this year — by 7% to an average of $6.20/Mcf from the $5.80/Mcf that it had projected last month.
FERC OKs Pre-Filing Process for Sempra LNG Project, But Cites ‘Certain Concerns’
Sempra Energy LNG got the green light from FERC last Monday to use the agency’s National Environmental Policy Act (NEPA) pre-filing process for its proposed $600 million import terminal in Port Arthur, TX, and associated pipeline project.
FERC OKs Pre-Filing Process for Sempra LNG Project, But Cites ‘Certain Concerns’
Sempra Energy LNG got the green light from FERC Monday to use the agency’s National Environmental Policy Act (NEPA) pre-filing process for its proposed $600 million import terminal in Port Arthur, TX, and associated pipeline project.
FERC Cites ‘Concerns’ with Southern Star Lateral Project, Orders Pipe to Respond
FERC has ordered Southern Star Central Gas Pipeline Inc., formerly Williams Gas Pipelines Central, to respond to the agency’s “concerns about the progress” on the pipeline company’s lateral project in Kansas and Missouri.
Industry Coalition Cites Improved Gas Price Reporting, Supports Indexes
A 30-member stakeholder coalition of energy companies, industrial customers, publishers, exchanges and industry trade associations Wednesday cited new data showing increased reporting to index publishers as “evidence of increased transparency in the nation’s natural gas markets.”
Council Slams DOE Budget Cuts for Efficiency R&D, Cites Toll on Gas
The Department of Energy’s (DOE) proposed $88 million in budget cuts for energy efficiency research and development in fiscal 2005 marks a “retreat” from the agency’s prior commitment to tackle escalating natural gas prices, said the American Council for an Energy-Efficient Economy (ACEEE) last week.
TransCanada Cites External Corrosion in Alberta Line Ruptures
TransCanada PipeLines’ preliminary investigations have indicated external corrosion was the likely cause of two ruptures in a 36-inch NOVA line pipeline in northwest Alberta last Monday and Tuesday that has closed down about 800 MMcf/d of throughput.
TransCanada Cites External Corrosion in Alberta Line Ruptures
TransCanada PipeLines’ preliminary investigations have indicated external corrosion was the likely cause of two ruptures in a 36-inch NOVA line pipeline in northwest Alberta Monday and Tuesday that has closed down about 800 MMcf/d of throughput.