Eventually

FERC issued an order Monday vacating certificate authority previously granted to NE Hub Partners in 1998 for a 6 Bcf high deliverability storage project in Pennsylvania (see Daily GPI, April 16, 1998). In April, NE Hub, which is now owned by Dominion Resources, requested that its certificate be vacated because the storage project is uneconomic and has no customers.

An increased focus on long-life plays by major producers eventually should moderate production declines in Canada, but they will not be enough to fully offset continuing declines, Lehman Brothers said in a report last week. Analysts also warned that recent sales announcements could be a prelude to more divestitures from the maturing Western Canadian Sedimentary Basin (WCSB).

An increased focus on long-life plays by major producers eventually should moderate production declines in Canada, but they will not be enough to fully offset continuing declines, Lehman Brothers said in a report issued Tuesday. Analysts also warned that recent sales announcements could be a prelude to more divestitures from the maturing Western Canadian Sedimentary Basin (WCSB).

Andrew Fastow, the ex-Enron Corp. CFO who allegedly manipulated the company’s books that eventually led to bankruptcy, will be tried separately beginning April 20, 2004 under an order by Houston-based U.S. District Judge Kenneth Hoyt.

North American producers have reached their peak in unit deliverability for natural gas, and as production continues to decline, the United States will gradually slip into becoming import dependent, the CEO of Exxon Mobil Corp. warned last Tuesday. With a time frame of 15-20 years “the United States will get in gas in the same position as oil,” said Lee R. Raymond.

North American producers have reached their peak in unit deliverability for natural gas, and as production continues to decline, the United States will gradually slip into becoming import dependent, the CEO of Exxon Mobil Corp. warned Tuesday. With a time frame of 15-20 years “the United States will get in gas in the same position as oil,” said Lee R. Raymond.

Legal due-process questions and procedural shortcuts may eventually undermine the ultimate decisions by the Federal Energy Regulatory Commission in its pending California energy market manipulation cases, according to two attorneys representing Pacific Northwest energy companies with stakes in the federal proceedings. They spoke Thursday at a two-day industry conference, “Buying and Selling Electric Power in the West,” in Seattle.

Ohio could eventually become the home of two new coal-fired power plants that combined would generate over 2,000 MW, NGI has learned. But a spokesperson for the Ohio Public Utility Commission (PUC) last Wednesday said that until the company or companies considering the plants actually announce an intention to construct the facilities, the state commission won’t disclose any additional information.

Former FERC Commissioner Donald Santa Jr. is expected to assume the new position of executive vice president of the Interstate Natural Gas Association of America (INGAA) later this year and take over the reins of the interstate pipeline group by as early as 2004, when its existing president, Jerald V. Halvorsen, is due to retire.