Heat

Continued declines were dominant in mixed price movement Monday as weather-based load was fairly light in most areas. Heat levels remained high in much of the West but were declining in inland California from pre-weekend highs. Rockies Express Pipeline (REX) helped boost Rockies numbers by officially scheduling deliveries to Panhandle Eastern in Missouri for Tuesday.

President Bush, in a much-anticipated speech last Wednesday, laid out a plan to stop the growth of heat-trapping greenhouse gas (GHG) emissions in the United States by 2025.

President Bush, in a much-anticipated speech Wednesday, laid out a plan to stop the growth of heat-trapping greenhouse gas (GHG) emissions in the United States by 2025.

With a modest Northeast heat wave due to retreat, moderate to cool temperatures prevailing in most other areas and no tropical storm threat to offshore production in sight, prices fell at a large majority of points Wednesday. Flat to a little more than a dime higher quotes, concentrated in the Rockies and Pacific Northwest, brought a return of mixed price movement to the cash market.

FERC last Thursday approved Trunkline LNG Co. LLC’s proposal to use ambient heat to reduce the amount of fuel gas needed in the vaporization of liquefied natural gas (LNG) at its import terminal in Lake Charles, LA.

FERC Thursday approved Trunkline LNG Co. LLC’s proposal to use ambient heat to reduce the amount of fuel gas needed in the vaporization of liquefied natural gas (LNG) at its import terminal in Lake Charles, LA.

FERC has given the environmental go-ahead for a project proposed by Trunkline LNG Co. LLC that would use ambient heat to reduce the amount of fuel gas needed in the vaporization of liquefied natural gas (LNG) at its import terminal in Lake Charles, LA.

FERC has given the environmental go-ahead for a project proposed by Trunkline LNG Co. LLC that would use ambient heat to reduce the amount of fuel gas needed in the vaporization of liquefied natural gas (LNG) at its import terminal in Lake Charles, LA.

The race to purchase Canada Southern Petroleum Ltd. continues to heat up as the company said it still favors the amended offer from Canadian Oil Sands Ltd. over the amended offer from Canadian Superior Energy Inc. In its most recent offer, Canadian Superior’s CEO said Canada Southern’s board of directors — especially the chairman — “appear by their own actions to be incapable of evaluating Canada Southern’s own upside and assets.”