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Florida Power & Light (FPL) said it may resurrect a $1.5 billion, 300-mile natural gas transmission pipeline project that state regulators rejected two years ago in a new version. However, a spokesperson told NGI the pipe project, which regulators previously rejected as uneconomic, is far from a sure thing.

Florida Power & Light (FPL) said it may resurrect a $1.5 billion, 300-mile natural gas transmission pipeline project that state regulators rejected two years ago in a new version. However, a spokesperson told NGI the pipe project, which regulators previously rejected as uneconomic, is far from a sure thing.

The natural gas futures market on Wednesday continued to limp back from the long holiday weekend as another round of light trading in the October contract produced a 14-cent range on the day before closing the regular session at $3.940, up two-tenths of a penny from Tuesday’s finish. The November contract followed suit with a 0.2-cent gain to close at $4.045.

Even with heating load staying generally on the light side and weaker prior-day futures, cash prices managed to achieve modest increases at nearly all points Tuesday. It was among other market vagaries in which price moves seemed to be at odds with demand realities.

ETC Tiger Pipeline LLC, a unit of Dallas-based Energy Transfer Partners LP, has asked FERC for the green light to place into service by early August a 400 MMcf/d expansion of its system that services the Haynesville Shale and Bossier Sands.

ETC Tiger Pipeline LLC, a unit of Dallas-based Energy Transfer Partners LP, has asked FERC for the green light to place a 400 MMcf/d expansion of its system in service by early August.

August natural gas fell in light, pre-holiday trading as traders still maintained an upward bias but noted that healthy production levels still remain a formidable force for the bulls to counter. At the close August had fallen 6.3 cents to $4.311 and September had slipped 6.3 cents as well to $4.330. August crude oil softened 48 cents to $94.94/bbl.

Researchers with the Massachusetts Institute of Technology Energy Initiative (MITEI) say natural gas has a bright future, but they said the government needs to be more involved and industry needs to remain vigilant over potential — but so far unrealized — environmental disasters.

June natural gas futures rose in light trading Monday as traders reacted to forecasts of warmer weather but at the same time are seen as moderating their market exposure. At the close June futures had gained 11.6 cents to $4.346 and July was up 10.3 cents to $4.393. July crude oil sank $2.40 to $97.70/bbl.