Expansion

Industry Briefs

Panhandle Eastern Pipe Line has extended an open season for a proposed pipeline expansion and extension of its Muncie Lateral until June 11. The company is planning to add 500 MMcf/d of firm transportation capacity on the lateral in Ohio and will extend the line from Grant County, IN, to Cincinnati with 124 miles of 30-inch diameter pipe. The project is designed to carry more western and southwestern supplies eastward. It would increase access to gas supply from the Midcontinent, the Rockies, the Gulf Coast and from Trunkline LNG’s liquefied natural gas (LNG) import terminal in Lake Charles, LA for customers in the Midwest and along the East Coast. The project would provide additional transportation capacity to Dayton, Cincinnati and East Coast markets through connections at Lebanon, OH, to Texas Eastern Transmission, Columbia Gas Transmission and Dominion Transmission. It is planned to be in service by November 2006. Previously the open season was scheduled to end on May 14. Open Season documents can be obtained by calling either Jim Van Matre at (713) 989-7625 or Gregg Russell at (713) 989-7624.

May 10, 2004

Natural Gas Not Best Source of Hydrogen’s Expansion as Energy Source

Everyone from President George W. Bush on down who is touting a hydrogen-based energy future is undecided about how it will be accomplished, but natural gas is always part of the equation, and that may have to change, according to an ExxonMobil official.

May 4, 2004

Panhandle Eyes 500 MMcf/d Ohio Capacity Expansion/Extension Project

Panhandle Eastern Pipe Line is planning to add 500 MMcf/d of firm transportation capacity on its Muncie Lateral in Ohio and will extend the line with a 124-mile, 30-inch diameter pipe, designed to carry western and southwestern supplies eastward.

April 26, 2004

Panhandle Eyes 500 MMcf/d Ohio Capacity Expansion/Extension Project

Panhandle Eastern Pipe Line is planning to add 500 MMcf/d of firm transportation capacity on its Muncie Lateral in Ohio and will extend the line with a 124-mile, 30-inch diameter pipe, designed to carry western and southwestern supplies eastward.

April 21, 2004

Crosstex Doubles Pipeline Miles, Capacity with $76M Purchase of LIG from AEP

Crosstex Energy LP took a big leap forward in its Gulf Coast midstream and pipeline expansion plans with the purchase of Louisiana Interstate Gas (LIG) from American Electric Power for $76.2 million.

February 23, 2004

Crosstex Doubles Pipeline Miles, Capacity with $76M Purchase of LIG from AEP

Crosstex Energy LP took a big leap forward in its Gulf Coast midstream and pipeline expansion plans with the purchase of Louisiana Interstate Gas (LIG) from American Electric Power for $76.2 million.

February 18, 2004

FERC Approves Market-based Rates for Unocal Keystone Expansion

The Federal Energy Regulatory Commission last Thursday voted to approve market-based rates for storage and hub services for an expanded Unocal Keystone Gas Storage LLC, facility in the Permian Basin in Winkler County, TX, near the Waha Hub.

January 26, 2004

FERC Approves Market-based Rates for Unocal Keystone Expansion

The Federal Energy Regulatory Commission Thursday voted to approve market-based rates for storage and hub services for an expanded Unocal Keystone Gas Storage LLC, facility in the Permian Basin in Winkler County, TX, near the Waha Hub.

January 23, 2004

Duke Keeps Dividend But Takes Billions in Charges, Plans Plant Sales

Duke Energy defied analysts’ expectations by announcing Wednesday that it would maintain its $1.10/share annual dividend. However, new CEO Paul Anderson outlined a major restructuring plan and said the company would have to take a $3.3 billion fourth quarter 2003 pretax charge as a result of asset impairments.

January 8, 2004

EIA Sees LNG Expansion in U.S. and Worldwide

With doubt continuing to grow that the United States can satisfy its natural gas growth needs in-house, liquified natural gas (LNG) importation continues to gain spotlight attention as a means to augment domestic gas supply.

December 22, 2003