Dealt

A strengthening U.S. dollar and a weakening oil complex dealt the natural gas futures market a one-two combination Friday, dropping September to a new low of $8.215 for the downmove, which began after August futures peaked at $13.694 on July 2. The prompt month contract finished at $8.248, down 32.3 cents for the session and off a whopping $1.141 for the week. The October contract also took it on the chin, suffering a loss of 32.9 cents and $1.164 for the day and week, respectively, to finish at $8.330.

Even though Emera’s Brunswick Pipeline has been under construction since November 2007, the project was dealt a small blow early last week when Canada’s National Energy Board (NEB) decided to reject a portion of the pipeline route based on the objection of Galbraith Construction Ltd. and Galbraith Equipment Co. Ltd.

Even though Emera’s Brunswick Pipeline has been under construction since November 2007, the project was dealt a small blow Monday when Canada’s National Energy Board (NEB) decided to reject a portion of the pipeline route based on the objection of Galbraith Construction Ltd. and Galbraith Equipment Co. Ltd.

The embattled AES Corp.’s Sparrows Point liquefied natural gas (LNG) terminal project, which has been proposed for Baltimore, MD, has been dealt another blow. The Maryland Department of Transportation (DOT) said the project’s proposed 87-mile pipeline, the Mid-Atlantic Express, would infringe on the rights-of-way (ROW) of U.S. Interstate-695.

The embattled AES Corp.’s Sparrows Point liquefied natural gas (LNG) terminal project, which has been proposed for Baltimore, MD, has been dealt another blow. The Maryland Department of Transportation (DOT) said the project’s proposed 87-mile pipeline, the Mid-Atlantic Express, would infringe on the rights-of-way (ROW) of U.S. Interstate-695.

FERC Friday dealt Duquesne Light Co. a major blow when it denied the company’s complaint request to be excluded from PJM Interconnection capacity auctions, which are scheduled to begin Monday. The Pittsburgh, PA-based utility saw its request as the first step in carrying out its plans to withdraw from the PJM and join the Midwest Independent System Operator (MISO).

October natural gas futures shot 37.4 cents higher Monday to close at $6.653 as the market dealt with another round of short-covering supported by continued crude price strength combined with news that a compressor station outage had cut off deliveries to Cheyenne Plains Gas Pipeline from two major pipes out of the Rockies.

The proposed Islander East pipeline, designed to carry natural gas 45 miles from Connecticut to Long Island, NY, was dealt a potentially fatal blow when a federal court set aside a U.S. secretary of commerce decision that had overruled Connecticut’s objections to the project.

The proposed Islander East pipeline, designed to carry natural gas 45 miles from Connecticut to Long Island, NY, was dealt a potentially fatal blow when a federal court set aside a U.S. secretary of commerce decision that had overruled Connecticut’s objections to the project.