FERC has approved a request from Spectra Energy unit Algonquin Gas Transmissions to begin a pre-filing review process for the company’s proposed Algonquin Incremental Market (AIM) Project, a significant step forward for the long-awaited pipeline, which would deliver to the Northeast critically needed gas from Pennsylvania.
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Although it recently dropped out of a Western Canada gas-to-liquids (GTL) project with Sasol Canada (see Shale Daily, June 29), Talisman Energy Inc. still foresees monetizing its Montney Shale reserves through “some form of conversion process,” CEO John Manzoni told financial analysts during an earnings conference call. Manzoni said the Montney resource is “big enough, it’s strategic enough, it’s material enough to be in some form of conversion process, which naturally now is more likely to be LNG [liquefied natural gas] then GTL, if that’s the case.” Multiple projects have been proposed to liquefy western Canadian gas and ship it to overseas markets (see Shale Daily, July 31). Manzoni alluded to the LNG projects and said, “…in the context of all of that, we are considering all options and continue to do so…for our Montney resource, how best to create the maximum value for Talisman at the right time for our Montney resource, which is very big and very strategic.”
Chesapeake to Resume Well Completions in Pennsylvania
Chesapeake Energy Corp. said Friday it will immediately resume completion operations in Pennsylvania, a little more than three weeks after voluntarily suspending them following a well blowout in the northeast part of the state.
Southern Pines to Add Connections with Transco, Gulfstream
SG Resources Mississippi LLC (SGRM) on Wednesday announced bi-directional pipeline interconnect agreements with Gulfstream Natural Gas System LLC and Transcontinental Gas Pipeline Corp. (Transco), instrumental to its plans to build the Southern Pines Energy Center, a 12 Bcf high-deliverability salt cavern storage facility planned for Greene County, MS.
Gas Buyers Forum: It’s Not Just the Price of Gas
Re-creating the natural gas market through direct producer-consumer connections is going to be difficult for both sides, as they incorporate into their planning the functions once performed by the middle-man trading sector. In addition to price, the term and the credit arrangements tied to a supply contract are key factors a gas buyer needs to consider when negotiating, according to representatives of industrials and local distribution companies (LDCs) who spoke Wednesday at the LDC Forum in Chicago sponsored by Interchange Energy.
Gas Buyers Forum: It’s Not Just the Price of Gas
Re-creating the natural gas market through direct producer-consumer connections is going to be difficult for both sides, as they incorporate into their planning the functions once performed by the middle-man trading sector. In addition to price, the term and the credit arrangements tied to a supply contract are key factors a gas buyer needs to consider when negotiating, according to representatives of industrials and LDCs who spoke Wednesday at the LDC Forum in Chicago sponsored by Interchange Energy.
Enogex Expects Higher Gas Prices to Boost Well Connections, Earnings
OGE Energy Corp. expects a planned power plant acquisition for its electric utility and improved earnings from restructured assets and higher gas prices at its Enogex unit to sustain earnings over the next several years.
Enogex Expects Higher Gas Prices to Boost Well Connections, Earnings
OGE Energy Corp. expects a planned power plant acquisition for its electric utility and improved earnings from restructured assets and higher gas prices at its Enogex unit to sustain earnings over the next several years.
Millennium Moves Another Step Closer
The 442-mile Millennium Pipeline project, which would bring 714 MMcf/d of gas to New York City from connections with the Canadian pipeline grid under Lake Erie, made progress last week when its highly contested route alternative in Westchester County, NY, gained the support of the New York State Public Service Commission (PSC), local citizens, elected officials and the pipeline’s planners. However, the Federal Energy Regulatory Commission (FERC) still must review all comments on the pipeline’s supplemental draft environmental impact statement (EIS) before issuing a final EIS.
Millennium Moves Another Step Closer
The 442-mile Millennium Pipeline project, which would bring 714 MMcf/d of gas to New York City from connections with the Canadian pipeline grid under Lake Erie, made progress yesterday when its highly contested route alternative in Westchester County, NY, gained the support of the New York State Public Service Commission (PSC), local citizens, elected officials and the pipeline’s planners. However, the Federal Energy Regulatory Commission (FERC) still must review all comments on the pipeline’s supplemental draft environmental impact statement (EIS) before issuing a final EIS.