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Failing to find two additional votes, Republican-led proponents abandoned all hope late Monday of passing omnibus energy legislation in the Senate before adjourning, effectively stranding the bill in Congress until next year. GOP leaders vowed to pick up where they left off when they return in late January.

The industry scramble to find new gas supply sources should begin paying significant dividends as early as 2006, according to consultants at Arlington, VA-based Energy Ventures Analysis (EVA). By 2025, EVA sees the potential for 23.8-33.2 Bcf/d of additional gas supply coming from a wide variety of new sources.

North America’s apparent dwindling natural gas reserves pose a long-term challenge, but continued price volatility, contractual uncertainty and growing political pressure for regulators to “do something” also have to be addressed to restore confidence in the marketplace, an industry panel concluded Thursday.

North America’s apparent dwindling natural gas reserves pose a long-term challenge, but continued price volatility, contractual uncertainty and growing political pressure for regulators to “do something” also have to be addressed to restore confidence in the marketplace, an industry panel concluded Thursday.

The industry scramble to find new gas supply sources should begin paying significant dividends as early as 2006, according to consultants at Arlington, VA-based Energy Ventures Analysis (EVA). By 2025, EVA sees the potential for 23.8-33.2 Bcf/d of additional gas supply coming from a wide variety of new sources.

President Bush late Thursday vowed his administration would carry out an investigation to find out what triggered the cascading power blackouts that pulled the plug on up to 50 million people in New York City and other major cities across the Northeast, Midwest and in eastern Canada last week (see related story). Energy experts and analysts believe an aging electricity infrastructure was to blame. But a definitive answer, some say, could take weeks or months.

At a time when good news is not always easy to find, San Francisco-based PG&E Corp. late Thursday received belated word of a favorable ruling from a federal appeals court judge in its headquarters city, rejecting a suit from the California Attorney General’s Office related to keeping separate from its utility’s Chapter 11 bankruptcy the assets of the corporation and its other, non-utility companies.

The depressed basis spread between the Rocky Mountain region and Nymex gas futures improved significantly with the addition of the 900 MMcf/d Kern River pipeline expansion, but spreads could begin to widen once again unless additional proposed pipelines are built, according to speakers at GasMart/Power in New Orleans last Tuesday.

The depressed basis spread between the Rocky Mountain region and Nymex gas futures improved significantly with the addition of the 900 MMcf/d Kern River pipeline expansion, but spreads could begin to widen once again unless additional proposed pipelines are built, according to speakers at GasMart/Power in New Orleans Tuesday.