Gets

A bill (H.R. 1308) signed into law last week by President Bush extending until Jan. 1, 2006 a production tax credit (PTC) for power derived from various sources, including wind, spurred several power companies to confirm that they are now moving forward with various wind power projects.

Duke Energy Gas Transmission (DEGT) said Tuesday that it received some positive feedback from potential gas transportation customers who participated in recent non-binding open seasons for existing and expansion capacity on three Duke pipeline systems: Union Gas, Algonquin Gas Transmission and Texas Eastern Transmission.

Duke Energy Gas Transmission (DEGT) said Tuesday that it received some positive feedback from potential gas transportation customers who participated in recent non-binding open seasons for existing and expansion capacity on three Duke pipeline systems: Union Gas, Algonquin Gas Transmission and Texas Eastern Transmission.

Freeport LNG Development LP last Wednesday got a two-year extension of its deadline to construct its FERC-approved liquefied natural gas (LNG) import terminal and associated gas pipeline facilities on Quintana Island near Freeport, TX.

Freeport LNG Development LP on Wednesday got a two-year extension of its deadline to construct its FERC-approved liquefied natural gas (LNG) import terminal and associated gas pipeline facilities on Quintana Island near Freeport, TX.

A fire, which ignited Thursday following a blast at Duke Energy’s Moss Bluff underground salt cavern storage facility in Liberty County, TX, just northeast of Houston, increased in size and intensity in the pre-dawn hours Friday when an above-ground valve structure failed, causing a larger release of natural gas that shot flames 1,000 feet into the sky, the company said.

Oil and gas producers submitted 421 bids totaling $197.395 million for a chance to explore in the Western Planning Area of the Gulf of Mexico (GOM) in the Minerals Management Service (MMS) Lease Sale 192 on Wednesday. Forty-five companies bid on 351 tracts, with most of the bids directed toward leases in shallow water. MMS estimates that production from the sale could result in 136-262 million barrels of oil and 0.81-1.44 Tcf of natural gas.

Only a small part of the energy plan that was officially released Friday by Democratic presidential hopeful John Kerry and vice-presidential candidate John Edwards was devoted to natural gas. Most of the proposal focused on crude oil, electricity, alternative fuels and coal.

FERC last Tuesday granted a waiver that will allow SG Resources Mississippi LLC to build a high-performance underground natural gas storage facility in Mississippi without first executing agreements for firm storage service.