Company

Alberta Energy Company Ltd. (AEC) has expanded its NorthAmerican gas storage network with the acquisition of the 15 BcfManchester Gas Storage Facility in Grant County, OK for $42million.

Natural Gas Pipeline Company of America (NGPL) was given thegreen light last week by FERC to sell its interests in 181 miles ofoffshore laterals to Green Canyon Pipe Line Co., and 40 miles ofoffshore laterals to East Breaks Gathering Co. L.L.C.

Natural Gas Pipeline Company of America (NGPL) has been giventhe green light by FERC to sell its interests in 181 miles ofoffshore laterals to Green Canyon Pipe Line Co., and another 40miles of offshore laterals to East Breaks Gathering Co. LLC.

Northern Border Partners LP announced its intention to enter theCanadian midstream business. The company is buying the 87 MMcf/dMazeppa sour gas processing plant southeast of Calgary and aminority interest in the 85-mile Gregg Lake/Obed Pipeline (150MMcf/d of capacity), which is west of Edmonton, AB, from DynegyCanada. The purchase is expected to close during the first quarter.

The gas price projections of the ever-bullish analysts atRaymond James and Associates’ are going up in $1.25 incrementsthese days. The company boosted its Henry Hub price forecast to$5.75/Mcf for 2001 from $4.50 in reaction to what it called a”looming crisis” in the gas market. The increase puts RaymondJames’ forecast a whopping $1.62/Mcf more than the Wall Streetconsensus, according to First Call, but still about a quarter shyof the 12-month futures strip.

Williams’ Northwest Pipeline has filed a FERC application thatwould allow the company to expand upon a system that is alreadyclassified as one of the nation’s largest natural gas transporters.The filing would allow Northwest to build and operate a newnine-mile, 20-inch diameter lateral pipeline in Snohomish County,WA.

Williams’ Northwest Pipeline has filed a FERC application thatwould allow the company to expand upon a system that is alreadyclassified as one of the nation’s largest natural gas transporters.The filing would allow Northwest to build and operate a newnine-mile, 20-inch lateral pipeline in Snohomish County, WA.

Ending a record year for LNG imports, CMS Trunkline LNG Co.announced plans for a possible expansion of its LNG import terminalin Lake Charles, LA. The company is conducting an open season tooffer firm, long-term LNG terminal services starting in January2002.

A revised auction process for firm capacity, described as moremarket responsive, on Kinder Morgan’s Natural Gas Pipeline Companyof America won approval from the Federal Energy RegulatoryCommission last week (RP97-431-009).