Natural gas futures bulls are finding that they just can’t catch a break as values continue to plumb new lows for the move. The April contract subtracted more than a dime on Wednesday as bearish projections for Thursday’s storage report meshed with a bearish 2009 Atlantic hurricane forecast from AccuWeather.com.
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FERC Rejects Kern River Rate Settlement with 12.5% ROE
FERC last Thursday rejected a contested Kern River Gas Transmission rate settlement, finding that the 12.50% return on equity (ROE) in the settlement rates was excessive and would result in unjust and unreasonable rates. FERC instead determined that the Wyoming-to-California pipeline’s ROE should be set at 11.55%.
FERC Rejects Kern River Rate Settlement with 12.5% ROE
FERC Thursday rejected a contested Kern River Gas Transmission rate settlement, finding that the 12.50% return on equity (ROE) in the settlement rates was excessive and would result in unjust and unreasonable rates. FERC instead determined that the Wyoming-to-California pipeline’s ROE should be set at 11.55%.
Ziff: Rising Costs Impact Western Canada Gas Producers
Western Canadian natural gas producers trying to ramp up new gas supplies have been significantly impacted because of escalating finding and development (F&D) costs as well as rising operating costs, according to an analysis by Ziff Energy.
Ziff: Rising Costs Impact Western Canada Gas Producers
Western Canadian natural gas producers trying to ramp up new gas supplies have been significantly impacted because of escalating finding and development (F&D) costs as well as rising operating costs, according to an analysis by Ziff Energy.
Coast Guard: Coos Bay Not Suitable for Jordan Cove LNG Project
The U.S. Coast Guard has issued a waterway suitability report for the proposed Jordan Cove Energy liquefied natural gas (LNG) terminal, finding that the International Port of Coos Bay, OR, cannot currently handle LNG tanker traffic, but it believes this could change if certain navigational, security and safety measures are enacted.
Coast Guard Issues Water Suitability Report for Jordan Cove LNG
The U.S. Coast Guard has issued a waterway suitability report for the proposed Jordan Cove Energy liquefied natural gas (LNG) terminal, finding that the International Port of Coos Bay, OR, cannot currently handle LNG tanker traffic, but it believes this could change if certain navigational, security and safety measures are enacted.
Most Points Up Slightly; West Sees Big Gains, Drops
Still finding only marginal heating or cooling load in various areas, most of the cash market was still able to realize small gains Monday on the basis of a 27.4-cent spike in June futures on the preceding Friday and the return of industrial load from its typical weekend decline. However, major transportation constraints in the West resulted in a combination of big gains and big losses in the region.
Coast Guard Issues Favorable Supplemental EA for Cove Point Project
The U.S. Coast Guard Thursday issued a favorable draft supplemental environmental assessment (EA) that supports a “letter of recommendation” (LOR) finding that increased tanker traffic from the expansion of the Dominion Cove Point liquefied natural gas (LNG) terminal in Cove Point, MD, will not create significant environmental risks to the Chesapeake Bay.
Labor Costs Raise Price of REX Pipeline by 11%
Finding qualified workers to build the massive Rockies Express Pipeline (REX) has pushed the cost of the eastern leg of the project up 11%, or $500 million, Kinder Morgan Energy Partners (KMP) confirmed last week.