Natural Gas Exchange Inc. (NGX) has agreed to provide the Alberta Department of Energy with an Alberta gas price index, referred to as the Alberta Market Price (AMP). The AMP is a volume-weighted average of cleared transacted prices for all gas delivered in a calendar month at the NGX Alberta market center on the TransCanada Corp. Alberta System, NGX said. The department will use the AMP to calculate its gas reference price, forming the basis of the royalty obligations for Alberta energy producers. The launch of the new pricing regime is planned for January.
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CFTC Moving Ahead with Regs
The Commodity Futures Trading Commission (CFTC) has published a proposed rule regarding commodity pool operators and scheduled two public roundtables on Wednesday and Thursday (Sept. 15 and 16), all on different aspects of its reforming commodities regulation.
CFTC Moving Ahead with Regulations
The Commodity Futures Trading Commission (CFTC) has published a proposed rule regarding commodity pool operators and scheduled two public roundtables on Wednesday and Thursday (Sept. 15 and 16), all on different aspects of its reforming commodities regulation.
Transportation Notes
Gulf South Pipeline Co. LP said it has rescheduled its unplanned pipeline maintenance on Index 130 (Kosciusko 30″) in Lawrence County, MS. Originally planned to begin on April 14, the work is now set to begin on May 17 and continue for approximately three days. The pipeline does not anticipate any effect on customers.
Transportation Notes
Gulf South plans to begin repairs at the start of Thursday’s gas day on Index 817 (its 42-inch diameter East Texas Expansion) in DeSoto Parish, LA. In order to reduce pipeline pressures to allow the maintenance, Gulf South said it will reduce scheduled capacity to 1.165 Bcf/d in the Expansion Area 16 Receipt scheduling group, which it expects to continue through Friday.
Transportation Notes
Gulf South plans to begin repairs at the start of Thursday’s gas day on Index 817 (its 42-inch diameter East Texas Expansion) in DeSoto Parish, LA. In order to reduce pipeline pressures to allow the maintenance, Gulf South said it will reduce scheduled capacity to 1.165 Bcf/d in the Expansion Area 16 Receipt scheduling group, which it expects to continue through Friday.
Correction
The story “Top Pipe Capacity Players ‘Scrambled,’ Ranking Shows” in the Oct. 7 issue of NGI’s Daily Gas Price Index included incorrect information from a source. RBS Sempra Energy Trading should be ranked 13th among pipeline capacity traders.
GasMart 2009: Gazprom U.S. Marketing Chief: No End to LNG-Oil Index
When it comes to index pricing of liquefied natural gas (LNG) around the world, East doesn’t meet West, and that’s not likely to change, according to John Hattenberger, president of Gazprom Marketing & Trading, the U.S. arm of Russia’s OAO Gazprom.
GasMart 2009: Multi-Index LNG Pricing to Stay, Says Gazprom Exec
When it comes to index pricing of liquefied natural gas (LNG) around the world, East doesn’t meet West, and that’s not likely to change, according to John Hattenberger, president of Gazprom Marketing & Trading, the U.S. arm of Russia’s OAO Gazprom.
EIA: Unconventional Gas Production Rises More Than 43% by 2030
U.S. production and consumption of natural gas is expected to increase and gas imports will decline in the coming years, according to the Energy Information Administration’s (EIA) Annual Energy Outlook 2009 (AEO2009) reference case, an early summary of which was released Wednesday. It presents updated projections through 2030.