Favorable

FERC Friday issued a favorable final environmental review of Florida Gas Transmission’s (FGT) proposal to construct 483 miles of pipeline facilities in Alabama, Mississippi and Florida to meet expanding natural gas-fired power generation demand in the Sunshine State.

FERC Friday issued a favorable final environmental review of Florida Gas Transmission’s (FGT) proposal to construct 483 miles of pipeline facilities in Alabama, Mississippi and Florida to meet expanding natural gas-fired power generation demand in the Sunshine State.

FERC has given a favorable environmental assessment (EA) to two related expansions proposed by Texas Eastern Transmission (Tetco) to carry Rocky Mountain natural gas to Northeast markets.

Natural gas bulls couldn’t catch a break Tuesday, even with the release of favorable economic data showing that the economy is now in an expansion phase. October futures fell 15.6 cents to $2.821 and November shed 13 cents to $3.868. The market had a hard time bucking the headwind from the equity and crude markets as the Dow Jones Industrial Average dropped 185 points to 9,310 on a weak bank sector and October crude oil fell $1.91 to $68.05/bbl.

FERC Friday issued a favorable environmental assessment (EA) of Mississippi Hub LLC’s proposal to expand the working gas capacity of its salt cavern storage facility that is under construction in south-central Mississippi.

FERC Friday issued a favorable environmental assessment (EA) of Pine Prairie Energy Center LLC’s proposal to double the working gas capacity of its storage project near the Henry Hub in Louisiana to 48 Bcf.

FERC Friday issued a favorable environmental assessment to Transcontinental Gas Pipe Line for its proposed 308,500 Dth/d system expansion to serve natural gas markets in the Southeast.

FERC Monday issued a favorable environmental review of Rockies Express Pipeline’s (REX) proposal for compressor additions to expand capacity between Meeker Hub and Cheyenne Hub on the REX/Entrega leg of the 1,679-mile west-to-east system.

Citing a Commerce Department decision last month that was favorable to New York, the state Wednesday renewed its request for FERC to withdraw or vacate its order approving Broadwater Energy LLC’s proposal to site a controversial floating liquefied natural gas (LNG) terminal in Long Island Sound. The request comes only days after TransCanada Corp., one of the project’s sponsor, said the proposed LNG terminal was on the “back-burner” for now (see Daily GPI, May 4).