Line

Christopher Helms, president of CMS Panhandle Pipe Line Co.,estimated that LNG use will swell to take up 3.5% of the predicted30 Tcf of gas demand by 2010. In an interview with NGI, Helms saidPanhandle is working toward building LNG trade to the same level ascrude oil trading, complete with a futures and financial market,with Lake Charles serving as the hub for all operations.

Christopher Helms, president of CMS Panhandle Pipe Line Co.,estimated that LNG use will swell to take up 3.5% of the predicted30 Tcf gas demand by 2010. In an interview with NGI, Helms saidPanhandle is working toward building LNG trade to the same level ascrude oil trading, complete with a futures and financial market,with Lake Charles serving as the hub for all operations.

ANR Pipeline has won a two-year battle at FERC to build a directinterconnect to Transcontinental Gas Pipe Line’s mainlinefacilities in Evangeline Parish, LA – near the site of an activenatural gas sales market.

ANR Pipeline last week won a two-year battle at FERC to build adirect interconnect to Transcontinental Gas Pipe Line’s mainlinefacilities at Evangeline Parish, LA — near the site of an activenatural gas sales market.

FERC yesterday gave the go-ahead for Equitrans L.P. to acquireall but 26 miles of a 121-mile gas pipeline from Three RiversPipeline Co., a subsidiary of Equitable Resources Inc. Equitranswill purchase the facilities for their net book value of $4.2million.

In a remarkably uniform display of softness, prices fell byabout a nickel Tuesday at nearly every point across the board.Rarely has the market been so consistent with the great majority ofdeclines clustered within the range of 3-7 cents and with nogeographical bias.

Once relegated to auction block status, Kinder Morgan’s MidConTexas Pipeline (MTP) continued its revival last week by renewingits gas sales and transportation contract with Reliant EnergyHL&P through March 1, 2004. Additionally, MTP has entered intoa new transportation services agreement with Reliant EnergyHL&P beginning in 2002 and extending through 2012.

The Midwest utility landscape should expect radical changessoon, as two major mergers have cleared all regulatory approvalsand are closing in on completion.

Due to unexpected maintenance on its TL-342 line affectingdeliveries into the PL-1 market, CNG canceled all interruptible andnon PL-1 secondary service Tuesday until further notice.