Competing

The U.S. Supreme Court last Monday rejected an appeal by the New York Mercantile Exchange (Nymex) that sought to prevent competing IntercontientalExchange (ICE) from using Nymex settlement prices for oil and natural gas futures.

The U.S. Supreme Court Monday rejected an appeal by the New York Mercantile Exchange (Nymex) that sought to prevent competing IntercontientalExchange (ICE) from using Nymex settlement prices for oil and natural gas futures.

ConocoPhillips is reassessing how to advance its Alaska North Slope gas pipeline project after its rejection by the state in favor of a competing proposal that is compliant with the Alaska Gasline Inducement Act (AGIA), the company said Thursday.

ConocoPhillips is reassessing how to advance its Alaska North Slope gas pipeline project after its rejection by the state in favor of a competing proposal that is compliant with the Alaska Gasline Inducement Act (AGIA), the company said last week.

As a competing plant up the coast at the mouth of Columbia River begins the FERC pre-filing process, proponents of the Jordan Cove liquefied natural gas (LNG) terminal project have had to delay by three months their filing to the federal regulatory agency because of additional pre-filing environmental review work on a separate-but-affiliated 230-mile large-diameter pipeline that will connect with the LNG terminal.

As a competing plant up the coast at the mouth of Columbia River begins the FERC pre-filing process, proponents of the Jordan Cove liquefied natural gas (LNG) terminal project have had to delay by three months their filing to the federal regulatory agency for additional pre-filing environmental review work on a separate-but-affiliated 230-mile large-diameter pipeline that will connect with the LNG terminal.

The Canadian province of New Brunswick has filed motions with FERC to suspend review of the competing Quoddy Bay LNG and Downeast LNG projects because of the Canadian government’s decision to deny LNG vessels permission to cross Canadian waters, in particular Head Harbour Passage, in order to reach the proposed import terminals along Maine’s coast.

The Canadian province of New Brunswick has filed motions with FERC to suspend its review of the competing Quoddy Bay LNG and Downeast LNG projects because of the Canadian government’s decision to deny LNG vessels permission to cross Canadian waters, in particular Head Harbour Passage, in order to reach the proposed import terminals along Maine’s coast (see Daily GPI, Feb. 16).

The number of players competing for natural gas storage assets is diverse and growing, and when new infrastructure is for sale, “at least a half dozen players” likely will be ready — and able — to bid, ensuring asset values will continue to rise, industry experts said Thursday.