The proposed Sempra Energy-Shell joint venture North Baja, Mexico, liquefied natural gas (LNG) project has the best chance among current ones proposed in Mexico to actually come to fruition, but even it still faces some major questions, according to a U. S.-based expert monitoring energy developments in Mexico.
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With December natural gas usage bills hitting extraordinarilyhard in Illinois this year, city and state legislators have set outin search of clues as to why gas prices are through the roof.Spurred by the urgings of Gov. George H. Ryan and variouslegislators, the Illinois Commerce Commission voted 5-0 to open aninvestigation into this winter’s natural gas price spikes. The ICCalso directed its staff to put together its final report within 60to 120 days (see Daily GPI, Jan. 10).
Even with December indexes hitting record heights across theboard, swing trading for the first day of the month managed toone-up the bidweek numbers. All points were priced from marginallyto substantially above index levels Thursday.
With the retail prices for No. 2 heating oil reportedly hittingwell over $2.00/gal. in some parts of New England, natural gas —which has always been considered the ugly stepsister in the region— is starting to look pretty good to residential customers there.
The effects of deregulation are still being felt by AGLResources, the parent of the now-totally unbundled Atlanta GasLight, as 151 employees, or 7% of the workforce, has been cut sinceAugust, the company said recently. No more layoffs are expected,although the company did say it is always looking for ways toimprove efficiency.