Hungry

With markets becoming more and more hungry for imported liquefied natural gas (LNG), ChevronTexaco Corp. decided now is a good time to stock up on tankers. The company said last week that it has ordered two new LNG carriers from Samsung Heavy Industries of South Korea to support its growing worldwide LNG business.

With markets becoming more and more hungry for imported liquefied natural gas (LNG), ChevronTexaco Corp. decided now is a good time to stock up on tankers. The company said Tuesday that it has ordered two new LNG carriers from Samsung Heavy Industries of South Korea to support its growing worldwide LNG business.

Seeking to shield regulated companies and their customers from cash-hungry parent corporations, FERC last Wednesday issued a final rule that requires regulated natural gas and oil pipelines and public utilities who participate in intra-corporate cash pool arrangements with their unregulated parents and affiliates to submit written agreements to the agency for scrutiny.

Seeking to shield regulated companies from cash-hungry parent corporations, FERC on Wednesday issued a final rule that requires regulated natural gas and oil pipelines and public utilities who participate in intra-corporate cash management pools with their parents and affiliates to submit written agreements to the agency for scrutiny.

Petal Gas Storage LLC, a subsidiary of El Paso Energy Partners LP, said Thursday that it is holding a non-binding open season for up to 5 Bcf of firm natural gas storage capacity in order to evaluate market interest in proposed plans to expand its facility in Petal, MS. The capacity is anticipated to be available for use by Jan. 1, 2004.

Supply-hungry natural gas producers have voted with their wallets to name Nova Scotia a drilling hot spot for the next five years. With Marathon Canada Ltd. leading the pack, nine producers pledged to do C$527 million (US$350 million) in exploration work as the price for obtaining access to 15,800 square kilometers of sub-sea gas prospects from the Canada-Nova Scotia Offshore Petroleum Board.

Supply-hungry natural gas producers have voted with their wallets to name Nova Scotia a drilling hot spot for the next five years. With Marathon Canada Ltd. leading the pack, nine producers pledged to do C$527 million (US$350 million) in exploration work as the price for obtaining access to 15,800 square kilometers of sub-sea gas prospects from the Canada-Nova Scotia Offshore Petroleum Board.

Although more than eight in 10 Virginians say they are very or somewhat interested in the state’s upcoming competitive market for natural gas and electricity services, a similar number say they need more information before making a decision on whether to select a new provider of energy services, according to a recently released survey.

Although more than eight in 10 Virginians say they are very or somewhat interested in the state’s upcoming competitive market for natural gas and electricity services, a similar number say they need more information before making a decision on whether to select a new provider of energy services, according to a recently released survey.