Development

Iroquois Pipeline, having reached a critical point in development of its Eastern Long Island (ELI) expansion project, has asked FERC to defer further action on its application until at least January when Iroquois will provide a status update.

An opening move has been made on bringing Canada’s oldest, biggest natural gas delivery service up to speed for the brisker trading patterns and pipeline competition that it sees as evolving rapidly.

An opening move has been made on bringing Canada’s oldest, biggest natural gas delivery service up to speed for the brisker trading patterns and pipeline competition that it sees as evolving rapidly.

After being “goosed higher” by the rapid development of Tropical Storm Fay in the Gulf of Mexico Friday morning, natural gas futures were hit with a wave of profit-taking late in the session as traders came to the realization that the storm would produce little more than soaking rains. By virtue of its 7.7-cent loss Friday, October’s $3.265 close was not only below the prior Friday’s settle, but also in the lower half of its $3.100-445 trading range for the week. At 103,385, estimated volume was heavy for the session.

Zeus Development Corp. said last week that after extensive research it has concluded that compressed natural gas (CNG) ocean transport is competitive with liquefied natural gas (LNG) and subsea pipelines for gas reserves containing 0.3 to 3 Tcf and located 300 to 1,500 nautical miles from market. The Houston-based independent energy research firm said conclusions were drawn from analysis conducted during a joint industry project by18 companies completed earlier this month.

Zeus Development Corp. said Tuesday that after extensive research it has concluded that compressed natural gas (CNG) ocean transport is competitive with liquefied natural gas (LNG) and subsea pipelines for gas reserves containing 0.3 to 3 Tcf and located 300 to 1,500 nautical miles from market. The Houston-based independent energy research firm said conclusions were drawn from analysis conducted during a joint industry project by18 companies completed earlier this month.

Salomon Smith Barney meteorologist Jon Davis released his 2002 hurricane forecast last week calling for normal to below normal hurricane activity this year based mainly on the growing likelihood of an El Nino weather pattern in the equatorial Pacific. It is well known that in El Nino years Atlantic hurricane activity is hindered by a strong southern jet stream, Davis said. Pacific sea surface temperatures currently are warmer than normal but not quite enough yet to call an El Nino.

Natural gas reserves in 2001 may have reached their highest level in 14 years, which reflects the growth in gas exploration, production and development efforts, according to a study released Tuesday by the American Gas Association (AGA).

The ability of FERC to successfully form regional transmission organizations (RTOs) throughout the country will in large measure be tied to how much cooperation and support federal regulators receive from their counterparts at the state level, a key FERC staff member told an audience of energy attorneys in Washington, DC, last Thursday.