Cites

The high-profile National Petroleum Council (NPC) study on natural gas has a “significant flaw” in that it overstated the potential impact of energy policy changes on future gas supply and demand, but it “virtually ignores” the effect of markets and prices on supply-demand, according to a Washington, DC-based energy consultant.

Citing rising project costs, Duke Energy subsidiary Algonquin Gas Transmission Co. last Monday withdrew its FERC application to build a lateral extension to supply natural gas to Boston and surrounding communities.

Citing rising project costs, Duke Energy subsidiary Algonquin Gas Transmission Co. on Monday withdrew its FERC application to build a lateral extension to supply natural gas to Boston and surrounding communities.

The Bush administration said there will be “only limited opportunities” to increase supplies of domestic natural gas over the next 12 to 18 months, which will make “conservation, energy efficiency and fuel switching” crucial in satisfying demand.

The Bush administration said there will be “only limited opportunities” to increase supplies of domestic natural gas over the next 12 to 18 months, which will make “conservation, energy efficiency and fuel switching” crucial in satisfying demand.

Hill-Lake Gas Storage LP, a West Texas storage facility owned by Falcon Gas Storage, has notified Tractebel Energy Marketing Inc. (TEMI) that it plans to shut off natural gas storage service to the marketer effective Thursday and has put a lien on TEMI’s gas in storage for allegedly failing to comply with the creditworthiness requirements of its contract, a top Falcon Gas official said.

Hill-Lake Gas Storage LP, a West Texas storage facility owned by Falcon Gas Storage, has notified Tractebel Energy Marketing Inc. (TEMI) that it plans to shut off natural gas storage service to the marketer effective Thursday and has put a lien on TEMI’s gas in storage for allegedly failing to comply with the creditworthiness requirements of its contract, a top Falcon Gas official said.

BP p.l.c. reported record first quarter results of $3,729 million compared with $1,582 million a year ago, a 136% increase, spurred by a large jump in exploration and production’s volumes and prices, and increases across the board in natural gas and power trading, oil refining and chemicals.

Presidential hopeful Sen Joseph Lieberman (D-CT) last week called on the Interior Department inspector general to conduct a broad review of potential conflicts of interest between Deputy Secretary J. Steven Griles and oil and natural gas companies.