As FERC last week was delivering bad news to the Northeast-boundIndependence Pipeline and associated SupplyLink and MarketLinkprojects, the Commission staff was delivering a report to CapitolHill that concluded new pipeline capacity may be needed for theregion within the next three to five years. It didn’t specify howmuch capacity though (See related story).
Articles from Independence
With the Independence Pipeline project continuing its strugglethrough the landowner gauntlet in the Midwest and through thelonger-than-average regulatory review at FERC, Coastal Corp. isattempting a different approach for its proposed Gulfstream NaturalGas System in the Gulf of Mexico and Florida. The company plans toget the word out to local officials early and claims it wants asmuch public input as possible prior to filing an application withFERC this fall.
For a change the cash market demonstrated some independence fromthe futures screen influence Wednesday. Even as futures followedTuesday’s downtick of nearly 6 cents with an even bigger diveyesterday, quotes at nearly all non-Western points either held flator managed to tack on up to 3-4 cents. This ran contrary to what anumber of traders had expected.