Rising sales volumes and favorable currency exchange rates morethan made up for erosion of prices fetched by Canadian exports inthe last natural gas contract year.
Articles from Favorable
The Maritimes & Northeast Pipeline project last week crossedanother major milestone on its way toward bringing gas toNortheastern markets from Atlantic Canada for the first time inNovember 1999. FERC issued a final environmental impact statementon the 200-mile U.S. upstream portion of the system, concluding itwould have limited adverse environmental impact with therecommended mitigation.
As of Friday Sea Robin expected to restore flow Saturday (Feb.21) on its 16-inch West Cameron 580 lateral, pending favorableweather conditions. The force majeure implemented Jan. 27 whenrepairs on a leak began (see Daily GPI, Jan. 29) was to be releasedwhen the lateral was declared in service, Sea Robin said.
Depending on favorable Gulf of Mexico weather, Sea Robin expectsto restore flows on its 16-inch West Cameron 580 lateral by Sunday(see Daily GPI, Feb. 3). The force majeure that was implementedJan. 27 because of a leak will remain in effect until repairs havebeen completed.