Tennessee Gas Pipeline Co., a business unit of El Paso EnergyCorp., and CNG Transmission Corp., a subsidiary of ConsolidatedNatural Gas Co. said the Atlantic Alliance Project open seasonclosed Nov. 30. Tennessee and CNG are evaluating results and willannounce plans at a later date. To avoid confusion with theAlliance Pipeline, which is not affiliated with Tennessee’s andCNG’s project, the name of this phase of the project, and anyfuture phases, has been changed to the Atlantic Advantage Project.Atlantic Advantage Project proposes to move up to 750,000 Dth/dfrom Chicago and the Niagara Import Point to developing markets inthe Northeast. An El Paso spokesman said the company didn’t knowwhen it would be prepared to release open season results.
Ends
Articles from Ends
Merger Week in Energy Ends with Four New Deals
Merger fever swept through the downstream sector of the energy industry last week with four new combinations announced and three others approved by FERC. It was one of the hottest weeks yet for corporate marriages and many observers still believe it’s only the beginning.
Texaco, Shell, SoCal Gas Invest in Fuel Cell Systems
Texaco, Shell and Southern California Gas are moving fromopposite ends of the gas business to converge on the developingmarket for distributed generation powered by fuel cells.
Downsized Maritimes Project, Laterals Get Final Green Light
FERC tied up all the loose ends of the Maritimes & NortheastPipeline project in a draft order released last week, clearing theway for the pipeline to begin delivering about 350 MMcf/d of SableIsland gas to power plants, paper mills and new markets in Maineand other New England states this fall.
Downsized Maritimes Project, New Laterals Get FERC Nod
FERC tied up all the loose ends in the Maritimes & NortheastPipeline project in a draft order released yesterday, clearing theway for the pipeline to begin delivering about 350 MMcf/d of SableIsland gas to power plants, paper mills and new markets in Maineand other New England states this fall.
Market Ends Week Quietly with Little Change
Pricing was “pretty much the same as it was yesterday,” said aSouth Texas producer Friday reporting flat numbers in the low$2.10s. Most points traded flat to 2-3 cents up or down, with a tadmore downside than upside. Several sources agreed it was a quietand essentially featureless market. A big aggregator called it”mostly a dead day; there seemed to be a lot of people out of theoffice.”
February Ends Softer; Aftermarket Flat to Up
Prices for the last day of February were mostly softer Friday,but quotes for the Southwest basins, Rockies and intra-Albertareflected flatness. And Canadian exports into Northwest at Sumas,which had been languishing in the low to mid $1.10s at the start ofthe week, climbed to the $1.30 area. The big exception to Westernfirmness was a fall of about a dime at the Southern Californiaborder in wide-ranging numbers.
