Lasting

Futures, Weak Weather Load Push Most Points Lower

Prices continued to fall at virtually all points Thursday as weak prior-day futures continued to weigh on the market and predictions of hot weather lasting into at least mid-June were falling short of expectations.

June 11, 2010

AGL Subsidiary Reaches Tentative Deal on Louisiana Storage Expansion

Following a dispute lasting more than three years with the state of Louisiana, AGL Resources subsidiary Jefferson Island Storage & Hub LLC (JISH) has negotiated a tentative agreement with the state, which if approved would resolve the pending lawsuit between the parties over a disputed Lake Peigneur mineral lease that would allow the company to expand its existing natural gas storage facility.

August 20, 2009

Transportation Notes

Panhandle Eastern said there will a pipe replacement outage lasting about 14 days starting Wednesday on the Houstonia 100 Line between gate valves 104 and 112W. During this period capacity through Houstonia will be limited to 1,250 MMcf/d, but the restriction is not expected to impact firm service.

April 29, 2009

CA Governor Silent on Energy in State-of-State Address

Five years after a wholesale energy market crisis with lasting economic and political ramifications, one of which was his election to California’s highest office two years ago, Gov. Arnold Schwarzenegger late Thursday in his state-of-the-state address only once referred to energy during a 20-minute, 2,500-word speech in Sacramento. When talking about environmental and state infrastructure programs the “e-word” never crossed the former movie actor’s lips.

January 9, 2006

Interior Secretary Says Restoring Gulf Gas Output to Take Months

Recovery and restoration of the Gulf of Mexico natural gas production to the pre-Katrina and pre-Rita levels is expected to take a fairly long period of time, lasting through the end of the year and into 2006, Interior Secretary Gale Norton said Tuesday.

October 5, 2005

Transportation Notes

Northwest said issued a declared deficiency period beginning Sept. 8, 2005 and lasting 24 hours. The pipeline is replacing several segments of its mainline containing anomalies that were discovered earlier this year. The segments are located just north of the Cisco Compressor Station between milepost 195 and milepost 213. Since there will be no flow through the mainline during the deficiency period, Northwest will cut nominations to zero. Grand Gas Receipt, Harley Dome Delivery, and Grand Valley Receipt will be shut-in.

September 8, 2005

Prolonged Shut-Ins Propel Futures to Higher Ground

Proving that Hurricane Ivan’s lasting effects on Gulf of Mexico production didn’t go unnoticed by traders, the October natural gas futures contract on Tuesday spent the day exploring resistance levels following its gap higher at the open.

September 22, 2004

EVA: Demand Destruction Still Occurring, Some Will Be Permanent

High gas prices have caused severe and lasting demand destruction in the industrial sector, wiping out at least 2.8 Bcf/d of industrial consumption so far. But the situation is likely to get even worse before it gets better, according to Energy Ventures Analysis (EVA).

September 22, 2003

EVA: Demand Destruction Still Occurring, Some Will Be Permanent

High gas prices have caused severe and lasting demand destruction in the industrial sector, wiping out at least 2.8 Bcf/d of industrial consumption so far. According to Arlington, VA-based Energy Ventures Analysis’ (EVA) annual Fuelcast long-term outlook, industrial demand probably will decline another 2.5 Bcf/d before it begins to recover, and the recovery isn’t likely to happen soon.

September 16, 2003

PG&E National Energy Exec Sees Power ‘Trough’ Lasting 3-5 Years

The current “trough” hanging over the power sector is likely to stretch three to five years and a key factor in determining just how long the industry will be stuck in its current funk will depend, at least in part, on how many forecasted gigawatts actually come online over the next couple of years, said Thomas Boren, executive vice president at PG&E National Energy Group (NEG).

June 17, 2002
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