FERC is continuing its crackdown on violators of its shipper-must-have-title (SMHT) requirement, approving two separate stipulation and consent agreements in late December that require Sempra Energy Trading LLC and DCP Midstream LLC to pay a combined penalty of nearly $800,000.
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NEB Denies New Brunswick’s Plea for Export Changes
Stating that it was “inappropriate at this time to implement procedures that would unduly interfere with the normal operation of the natural gas market,” the National Energy Board (NEB) said late last week that it has denied the Province of New Brunswick’s application that would have put local interests first in line for offshore Nova Scotia supplies, potentially jeopardizing millions of dollars in investments for supply development and transportation. While it found no evidence of companies favoring U.S. export markets and discriminating against Canadian buyers, the NEB said it would organize a monitoring team and gather price and supply data.
June 16, 2003
NEB Denies New Brunswick’s Plea for Export Changes
Stating that it was “inappropriate at this time to implement procedures that would unduly interfere with the normal operation of the natural gas market,” the National Energy Board (NEB) said Thursday that it has denied the Province of New Brunswick’s application that would have put local interests first in line for offshore Nova Scotia supplies, potentially jeopardizing millions of dollars in investments for supply development and transportation. While it found no evidence of companies favoring U.S. export markets and discriminating against Canadian buyers, the NEB said it would organize a monitoring team and gather price and supply data.
June 13, 2003
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