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A group of natural gas producers and marketers, and East-of-California shippers have asked FERC to reject a tariff proposal in which El Paso Natural Gas seeks to establish procedures for reserving capacity for future pipe expansions, calling the proposal “premature” in light of all of the unresolved capacity-related cases that the pipeline is involved at the Commission.

A group of natural gas producers and marketers, and East-of-California shippers have asked FERC to reject a tariff proposal in which El Paso Natural Gas seeks to establish procedures for reserving capacity for future pipe expansions, calling the proposal “premature” in light of all of the unresolved capacity-related cases that the pipeline is involved at the Commission.

Petro-Canada, Kerr-McGee, Canadian Superior, EOG Resources, Total, Norsk Hydro and BHP Billiton were among the successful bidders in Trinidad and Tabago’s recent offshore acreage sale, which eventually could lead to new gas supply for the Atlantic LNG project, the largest liquefied natural gas (LNG) exporter to the United States.

Demand for creditworthy counterparties and experienced risk management services has prompted Deutsche Bank AG and Wachovia Corp. to enter the U.S. natural gas trading and risk management business. Deutsche Bank reported last week that it hired a former El Paso Merchant Energy trading official and several additional gas trading professionals to anchor its operation.

Demand for creditworthy counterparties and experienced risk management services, has prompted Deutsche Bank AG and Wachovia Corp. to enter the U.S. natural gas trading and risk management business. Deutsche Bank has hired a former El Paso Merchant Energy trading official and several additional gas trading professionals to anchor its operation.

Citing “the forecast potential for Tropical Storm Claudette to enter the Gulf of Mexico this weekend,” Texas Eastern said Wednesday the previously posted shutdown of its Main Pass System’s Line 40-B (see Daily GPI, July 9) has been postponed until July 16; it previously had been set to begin this Sunday. The duration and course of Claudette will dictate whether the schedule gets shifted again, the pipeline said.

Denver-based United States Exploration Inc. (UXP), whose oil and gas assets are concentrated in northeastern Colorado, Tuesday said it is considering selling some assets to increase the value and liquidity of the company.

ChevronTexaco Natural Gas, to be headquartered in Houston and staffed by as many as 100 energy traders, will enter the wholesale energy merchant business in April, backed by a corporate “AA” credit rating, strong finances resources and perhaps as important, no “baggage,” after severing long-term natural gas purchase and sales contracts with Dynegy Inc. on Friday.

ChevronTexaco Natural Gas, to be headquartered in Houston and staffed by as many as 100 energy traders, will enter the wholesale energy merchant business in April, backed by a corporate “AA” credit rating, strong finances resources and perhaps as important, no “baggage,” after severing long-term natural gas purchase and sales contracts with Dynegy Inc. on Friday.