Sonat ended Monday an OFO Type 3 that was implemented Jan. 21for seven market-area groups.
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Canadian Gas Exporters Set 12th Annual Sales Record
Canadian natural gas exporters set their 12th consecutive annualsales record in the United States during the contract year thatended Oct. 31. Exports climbed to 3.26 Tcf last year, according toa scorecard kept by the National Energy Board. The new recordimproved by 5% on the previous high of 3.1 Tcf set in the 1997-98contract year.
Canadian Gas Exporters Set 12th Annual Sales Record
Canadian natural-gas exporters set their 12th consecutive annualsales record in the United States during the contract year thatended Oct. 31. Exports climbed to 3.26 Tcf last year, shows ascorecard kept by the National Energy Board. The new recordimproved by 5% on the previous high of 3.1 trillion set in the1997-98 contract year.
Transportation Notes
Westcoast ended a force majeure late Wednesday at the Pine RiverPlant (see Daily GPI, Jan. 13) that hadcaused the curtailment of about 45 MMcf/d. A minor outage at thesmaller Highway Plant also has been resolved, Westcoast said Thursday.
AGL Income Hit by Sales Customer Exodus
While AGL Resources reported markedly improved results for itsthird fiscal quarter ended June 30, the company said returns werehurt by costs due to the rapid pace at which Atlanta Gas LightCustomers have chosen alternate suppliers.
AGL Income Hit by Sales Customer Exodus
While AGL Resources reported markedly improved results for itsthird fiscal quarter ended June 30, the company said returns werehurt by costs due to the rapid pace at which Atlanta Gas Lightcustomers have chosen alternate suppliers.
Columbia Tells NiSource To Hit the Road, Again
Columbia Energy Group’s (CG) board once again told NiSource, inno uncertain terms, to take a hike last week and urged CGshareholders to reject NiSource’s $68/share ($5.7 billion) hostiletakeover offer. NiSource took its offer to shareholders June 25 andsaid it will continue to fight for the deal. It had no tally ofshares tendered as of last week but said numbers would be availablesoon.
Weekend Market Sags, But 1st-Only Gas Near Indexes
As expected, cash prices for the long weekend that ended Maywere down across the board Friday, although not by as much at somepoints as sources had expected. A strong performance by the HenryHub futures contract for July largely failed to counteract a lot ofmild weather and the gas demand slump that nearly alwaysaccompanies a holiday period. The changes varied widely from barelyoff a penny or two to as much as 15 cents down, with almost everydegree in between represented.
Northeast Rise Stands Out Amid More Flatness
With the Houston trade fair ended, the cash market startedreturning to normal Friday. And continuing the pattern seen formost of February, “normal” meant essentially flat pricing. Butsigns of weakening were more evident as small downticks notablyincreased in frequency. Some of the softness was attributable tothe normal weekend drops in gas demand.
Providence’s Non-Regulated Business Booms
Providence (RI) Energy Corp. blamed a warm winter and a sharpdrop in oil prices for diminished earnings for the year ended Sept.30. Net income declined to $6.4 million, or $1.09 per share, from$7.8 million, or $1.35 per share, in fiscal 1997. However,operating revenue from the company’s non-regulated business grewmore than five-fold to $33 million.