Guarantee

While the quiet start to the 2009 Atlantic hurricane season, which has so far produced no tropical cyclones, does not guarantee the next four months will remain calm, the number of tropical storms likely to form this year is lower than originally predicted, scientists at the National Oceanic and Atmospheric Administration (NOAA) said Thursday.

While the quiet start to the 2009 Atlantic hurricane season, which has so far produced no tropical cyclones, does not guarantee the next four months will remain calm, the number of tropical storms likely to form this year is lower than originally predicted, scientists at the National Oceanic and Atmospheric Administration (NOAA) said Thursday.

There is the potential for new natural gas supplies as part of the deal being worked out to resolve California’s $26 billion budget deficit (see Daily GPI, July 23), a Houston-based spokesperson for Plains Exploration and Production Co. (PXP) told NGI Thursday. PXP is in line to be the developer of the first new offshore drilling along the California coast in 40 years.

Passage of the revised $700 billion rescue plan for financial markets in the House remains the big unknown. House Majority Leader Steny Hoy (D-MD) said he will not call up the package Friday unless he is assured of passage, CQ Today reported.

The Export-Import Bank of the United States (Ex-Im Bank) said Thursday that it has approved a loan guarantee of up to $403.5 million to support the export of U.S. equipment and services to Qatar Liquefied Gas Co. 3 Ltd. (Qatargas 3) for supply development, transportation infrastructure and construction of a natural gas liquefaction plant and related facilities in Qatar.

The Export-Import Bank of the United States Thursday approved a loan guarantee of up to $930 million to support the export of U.S. goods and services to Qatar Liquefied Gas Co. Ltd. II to build an LNG project and related offshore and onshore facilities in Qatar.

The Export-Import Bank of the United States Thursday approved a loan guarantee of up to $930 million to support the export of U.S. goods and services to Qatar Liquefied Gas Co. Ltd. II to build an LNG project and related offshore and onshore facilities in Qatar.

Maine Natural Gas (MNG) has signed a multi-year contract thatwill guarantee gas service to the Mid-Coast region of Maine. MNG, ajoint venture formed by CMP Group and Energy East, signed anagreement with the Federal Government to provide natural gastransportation to the Brunswick Naval Air Station located inBrunswick.

Mexican officials are working to add 10 new power generationprojects this year alone to guarantee the country has an adequatesupply of electric power through 2006. Energy Minister ErnestoMartens said that based on current capacity and ongoing projects,the country only has sufficient power to meet its growth demandthrough 2004.