Producers and distributors last week indicated they generallybacked the thrust of FERC’s proposed rule to expand the blanketconstruction and abandonment certificate authority for pipelinesunder the Commission’s Part 157 regulations, but they – like thepipelines – saw some major problem areas with it.
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The week’s trading wound to a close Friday with generally lesssoftness than had been expected. In relatively quiet activity, mostpoints were down a few cents with only occasional lapses of morethan a dime. A Midcontinent source who said Thursday he wouldn’t besurprised to see mid $1.30s pricing for the weekend, found insteadmost regional numbers averaging in the $1.50s Friday.
Reviewing its nearly five years of weekly natural gas storagesurveys, the American Gas Assoc. (AGA) said its numbers generallyhave tracked the more rigorously compiled monthly surveys by theEnergy Information Administration (EIA) and the AGA survey hasbecome an industry standard.