December

In order to prevent a recurrence of the spate of leaks on its natural gas distribution system, Washington Gas Light (WGL) expects to complete construction in December of a facility that will mix heavier hydrocarbons with the regasified liquefied natural gas (LNG) flowing from Cove Point LNG’s import terminal on the Maryland coast to the utility’s system, said Chairman and CEO James DeGraffenreidt Jr. Thursday.

KeySpan LNG has significantly understated the costs of implementing security measures to deal with the risks associated with the company’s proposal to upgrade its liquefied natural gas (LNG) storage facility in Providence, RI, to an import terminal, Rhode Island Gov. Donald L. Carcieri said Thursday. He called on FERC to direct the company to pay additional security-related costs.

The Securities and Exchange Commission’s (SEC) December 2004 initiative that will require hedge fund advisors to register with the agency and open their books for review to prevent fraud and other market irregularities “[does] not go far enough or take effect soon enough,” a Washington, DC-based group of large industrial energy users told the agency last Monday.

The Securities and Exchange Commission’s (SEC) December 2004 initiative that will require hedge fund advisors to register with the agency and open their books for review to prevent fraud and other market irregularities “[does] not go far enough or take effect soon enough,” a Washington, DC-based group of large industrial energy users told the agency Monday.

Filling in the gap from the last week of December’s low trade, February natural gas ran up to notch a $6.10 high in Friday morning trade before zigzagging for the remainder of the session. Futures appeared a little confused during the session as scattered weather forecasts pointed to cold weather penetrating the East following the weekend. The prompt month ended up settling at $6.001, down 4.8 cents on the day and 14.8 cents lower than Thursday’s $6.149 settle from the previous week.

With December and the onset of the winter natural gas demand season, the more than doubled capacity at Southern California Gas’ key Southern California interconnection, Kramer Junction, is operational but so far it is far from being fully utilized, a utility spokesperson said Friday in response to a NGI inquiry.

With December and the onset of the winter natural gas demand season, the more than doubled capacity at Southern California Gas’ key Southern California interconnection, Kramer Junction, is operational but so far it is far from being fully utilized, a utility spokesperson said Friday in response to a NGI inquiry.

Giving back all of Monday’s gains and then some, December natural gas futures on Tuesday made a second unsuccessful run at breaking through and staying below the psychological $7.00 mark. After reaching a low of $7.05 on the day, the prompt month settled at $7.124, down 31.2 cents.

Giving back all of Monday’s gains and then some, December natural gas futures on Tuesday made a second unsuccessful run at breaking through and staying below the psychological $7.00 mark. After reaching a low of $7.05 on the day, the prompt month settled at $7.124, down 31.2 cents.