Injections

Citing continued limited operational flexibility, Tennessee said it was not accepting nominations on PAL-D Parks, PAL-D Loan Payback or ISPA Interruptible Storage Injections at the Bear Creek facility in northwest Louisiana effective with Wednesday’s gas day. In addition, Tennessee said Tuesday it had completed a Line 527A-300 abandonment project three days ahead of schedule and was allowing physical flow to resume at the Venice Interconnect subject to scheduled nominations.

Pacific Gas and Electric did not extend a two-day systemwide high-inventory OFO beyond Thursday.

Chicago-area LDC Nicor Gas lifted Tuesday caps on deliveries into its system that had been in effect for weeks, saying storage injections at the Nicor Gas Hub would no longer be interrupted.

Chicago-area LDC Nicor Gas lifted Tuesday caps on deliveries into its system that had been in effect for weeks, saying storage injections at the Nicor Gas Hub would no longer be interrupted.

In natural gas, Texans have no monopoly on thinking big. When prices make a comeback Canadians — including affiliates of international producers with high profiles in the Lone Star State — say they will be ready to launch the next generation of supplies on a scale deserving to rate as large by any standard.

Columbia Gas extended a “Critical Day” restriction on interruptible storage injections (see Daily GPI, Aug. 27) through the end of the month.

July natural gas futures ground lower in listless trading Friday as traders cited the bearish mantra of expected strong injections into gas storage and a lack of weather in populous energy markets. Short-term traders expect prices to fall early next week.

July natural gas futures gained ground Thursday in spite of a government inventory report showing injections above trader expectations and inventories well above historical norms. A strong performance by July crude oil, which more than made up for Wednesday’s $2.43/bbl drubbing, also helped the bullish cause.

Despite missing out on the Independence Hub’s 900 MMcf/d of production for more than a month, the natural gas industry proved Thursday that it can still put healthy injections into storage after the Energy Information Administration (EIA) reported that 93 Bcf was deposited for the week ended May 9.