In an effort to develop a public forum to examine emerging issues related to the energy markets and the Commodity Futures Trading Commission’s (CFTC) role in these markets under the Commodity Exchange Act, the CFTC said Friday it has put together a 25-person Energy Markets Advisory Committee (EMAC) from people within the oil, natural gas and power industry, with CFTC Acting Chairman Walter L. Lukken as the committee chairman.
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Articles from Forum
Potential ‘Gas OPEC’ Members Control 60% of 2P Reserves, Says Study
Ben Hollins, head of European gas and power consulting for Wood Mackenzie, said it is not unusual for the Gas Exporting Countries Forum (GECF) to form a committee to look at pricing. “As such, a study of pricing is not in itself inconsistent with the stated remit of the GECF. Nonetheless it begs the question to what extent a gas OPEC (Organization of the Petroleum Exporting Countries) might be able to influence the future global gas market and its prices — a question which is addressed in our report.”
Potential ‘Gas OPEC’ Members Control 60% of 2P Reserves, Says Study
Ben Hollins, head of European gas and power consulting for Wood Mackenzie, said it is not unusual for the Gas Exporting Countries Forum (GECF) to form a committee to look at pricing. “As such, a study of pricing is not in itself inconsistent with the stated remit of the GECF. Nonetheless it begs the question to what extent a gas OPEC might be able to influence the future global gas market and its prices — a question which is addressed in our report.”
Industry Brief
The Department of Energy (DOE) is organizing a two-day forum in Mississippi of federal, state and local government officials and representatives from the natural gas and electricity industries to review the progress that has been made in restoring the Gulf Coast energy infrastructure four months after Hurricanes Katrina and Rita struck. Participants also will revisit a hurricane scenario based on the 2005 hurricane season and discuss response actions, review lessons learned and identify actions for future improvements in the energy sector, the DOE said. The session will be held at the Grand Convention Center and Resort in Tunica, MS, on Jan. 19-20. Reservations can be made by calling 1-800 394-7263. For further information, send an e-mail to DOELeadershipForum@sra.com.
Rockies Panel Begins Work on Streamlined Permitting Process
In the first public forum of the Rocky Mountain Energy Council (RMEC) last week, the Bush administration panel heard recommendations from industry, environmental and ranching groups on how to — or not to — streamline the permitting process to speed up drilling in the oil and gas-rich basins of the Rockies.
Rockies Panel Begins Work on Streamlining Permitting Process
In the first public forum of the Rocky Mountain Energy Council (RMEC) on Wednesday, the Bush administration panel heard recommendations from industry, environmental and ranching groups on how to — or not to –streamline the permitting process to speed up drilling in the oil and gas-rich basins of the Rockies.
Timing of 30 Tcf Market Unclear
After all of the ups and downs in the U.S.’s natural gas markets over the past year, industry experts at the 13th Annual LDC Forum in Chicago last week said they still foresee a 30 Tcf market in the future, but they differ on the expected timeframe. The speakers agreed that the nation’s current infrastructure would need to be beefed up to shoulder the load.
Timing of 30 Tcf Market Unclear
After all of the ups and downs in the U.S.’s natural gas markets over the past year, industry experts at the 13th Annual LDC Forum in Chicago Monday said they still foresee a 30 Tcf market in the future, but they differ on the expected timeframe. The speakers agreed that the nation’s current infrastructure would need to be beefed up to shoulder the load.
Gas, Electric Reps Meet to Set Wholesale, Retail Standards
The Gas Industry Standards Board (GISB) will facilitate an industry-wide forum Tuesday and Wednesday (Aug. 14-15) at the Energy Department in Washington, DC for discussion of a new standards organization to develop wholesale and retail standards for natural gas and electricity.
Gas, Electric Reps Meet to Set Wholesale, Retail Standards
The Gas Industry Standards Board (GISB) will facilitate an industry-wide forum Aug. 14-15 at the Energy Department in Washington for discussion of a new standards organization to develop wholesale and retail standards for natural gas and electricity.