King

Commodity is king when it comes to liquefied natural gas (LNG). In today’s market the companies that control LNG supply are calling the shots. And more often not, national oil companies are “getting smarter” and not giving up control of their natural gas/LNG supplies.

Commodity is king when it comes to liquefied natural gas (LNG). In today’s market the companies that control LNG supply are calling the shots. And more often not, national oil companies are “getting smarter” and not giving up control of their natural gas/LNG supplies.

With one Commissioner referring to it as a “king-like” endeavor, FERC last Thursday issued certificates for three projects that will make up the westernmost end of Rockies Express Pipeline LLC’s proposed $4 billion 1,663-mile pipeline that would transport Rocky Mountain natural gas to Midwest and eastern markets.

With one Commissioner referring to it as a “king-like” endeavor, FERC Thursday issued certificates for three projects that will make up the westernmost end of Rockies Express Pipeline LLC’s proposed $4 billion 1,663-mile pipeline that would transport Rocky Mountain natural gas to Midwest and eastern markets.

Natural gas now rules the oil patch in Texas, thanks to rising prices. Long viewed as the “oil patch,” a new study by the Texas Alliance of Energy Producers found that the dollar value of state gas production is actually three times as large as that of crude.

Natural gas is king, the Energy Information Administration (EIA) declared in its annual International Energy Outlook. Gas use worldwide is projected to grow faster than consumption of any other fuel over the next two decades, EIA said. Over the 1999-2020 forecast period, gas use is projected to nearly double in the reference case, reaching 162 Tcf worldwide in 2020.

Gasco Energy Inc. has appointed W. King Grant as the company’s CFO. Grant was a senior vice president in ING Barings LLC’s natural resources group where he was responsible for providing financing and advisory services to mid-and small-cap oil and gas companies. Prior to joining ING Barings, Grant spent 11 years at Chase Manhattan where he held several positions, most recently as a vice president in the oil and gas group. Gasco Energy is a Denver-based natural gas and oil exploration and development company that focuses in the Rocky Mountain region. The company currently holds interests in properties located in the Uinta Basin of northeastern Utah, which are being developed under an agreement with Phillips Petroleum.

Houston-based Dynegy Inc., setting itself up as likely competition for current online trading king EnronOnline, has launched Dynegydirect, its own B2B trading site for energy and communications commodities. The new system will give its customers self-service access to bid and offer prices across U.S. power, natural gas and natural gas liquids products.

Coral Energy’s Coral de Mexico LLC plans to build a 104-mile,24-inch gas pipeline from the King Ranch in South Texas, crossingthe Rio Grande River near McAllen, TX, and running south intoMexico in the direction of Arguelles. The FERC approved a bordercrossing and presidential permit for the project last week.