Markets in Atlantic Canada and New England won’t be getting anextra gas supply source as soon as previously expected. Maritimes& Northeast Pipeline LLC informed FERC this week that both530/360 MMcf/d Canadian/US pipeline project (Phase II) and theSable Offshore Energy Project (SOEP), which will be the source ofsupply for the pipeline, will not be in service on schedule.
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Maritimes, Sable Expect One-Month Delay
Markets in Atlantic Canada and New England won’t be getting anextra gas supply source as soon as previously expected. Maritimes& Northeast Pipeline LLC informed FERC this week that both530/360 MMcf/d Canadian/US pipeline project (Phase II) and theSable Offshore Energy Project (SOEP), which will be the source ofsupply for the pipeline, will not be in service on schedule.
Prices Tack On a Little Extra to Weekend Gains
The cash market began the week by posting small advances Mondayon top of what was considered abnormally strong Friday pricing fora lower-demand weekend. The new increases were small, though,rarely getting above 4 cents, and some points registered as flat.
Southern Union Tops ONEOK Offer For Southwest
It’s funny how an extra hundred million dollars will get your attention. That’s what the board of directors of Southwest Gas Corp. have to contend with in the form of an unsolicited proposal from Southern Union Co., after they already had signed off on an offer from ONEOK Inc.
Deadline Extended for Pipelines on Internet, EDI
Pipelines now have an extra year to get interactive websites andelectronic data interchange systems in place, FERC said in a finalrule on the matter yesterday. The rule extends the deadline to June1, 2000. The order requires pipelines to provide a communicationssystem consisting of interactive Internet websites and EDI.