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New Gas Midstream Company Purchases El Paso Assets for $120M

Newly formed gas midstream company Regency Gas Services has acquired approximately 2,300 miles of natural gas gathering lines and four processing plants as well as pipeline assets from El Paso Corp. for $120 million.

June 16, 2003

East Mixed as Heat Rises in South; Some Spikes in West

As on the preceding Friday, price movement divided roughly on geographical lines again Monday. But this time it was western points seeing mostly strength, while the East turned in a mixed performance with only few points varying much more than a nickel up or down from flat.

June 10, 2003

BG Group Lines Up Long-Term LNG Supply for Lake Charles Terminal

BG Group plc, which bought 80% of the import capacity at the Lake Charles, LA, liquefied natural gas (LNG) terminal last year and has an LNG import terminal in Canvey Island, England, bolstered its LNG supply with two large long-term contracts that could bring to U.S. markets a total of 5.9 million tonnes of LNG per year (274.2 Bcf/year).

May 19, 2003

BG Group Lines Up Long-Term LNG Supply for Lake Charles Terminal

BG Group plc, which bought 80% of the import capacity at the Lake Charles, LA, liquefied natural gas (LNG) terminal last year and has an LNG import terminal in Canvey Island, England, bolstered its LNG supply with two large long-term contracts that could bring to U.S. markets a total of 5.9 million tonnes of LNG per year (274.2 Bcf/year).

May 14, 2003

Kinder Units Announce Open Seasons to Serve Southwest, Midwest

Kicking off the new year with a binge of open seasons, Kinder Morgan Inc. (KMI) and Kinder Morgan Energy Partners, LP (KMP) launched three separate offerings last week for pipeline projects poised to bring new supplies of gas into Arizona markets and the Midwest.

March 17, 2003

Kinder Units Announce Open Seasons to Serve Southwest, Midwest

Kicking off the new year with a binge of open seasons, Kinder Morgan Inc. (KMI) and Kinder Morgan Energy Partners, LP (KMP) launched three separate offerings Tuesday for pipeline projects poised to bring new supplies of gas into Arizona markets and the Midwest.

March 11, 2003

Allegheny Lines Up $2.4B In Financing, Staves Off Bankruptcy

Investors in Allegheny Energy no doubt breathed a collective sigh of relief last Tuesday after the company and its Allegheny Energy Supply Co. said that they have entered into agreements with lenders on new and restructured credit facilities totaling $2.4 billion.

March 3, 2003

NorthWestern Lines Up Another 6 Bcf/year in Gas Sales to Ethanol Plants

Combination utility NorthWestern Energy signed natural gas supply, management and distribution delivery contracts with two new ethanol plants being developed in eastern South Dakota.

January 20, 2003

NorthWestern Lines Up Another 6 Bcf/year in Gas Sales to Ethanol Plants

Combination utility NorthWestern Energy signed natural gas supply, management and distribution delivery contracts with two new ethanol plants being developed in eastern South Dakota.

January 15, 2003

FERC Report Sees Congestion as ‘Serious Issue’ for Midwest

Congestion along the Midwest’s transmission lines remains a “serious issue” thanks to a lack of price signals continuing to hang over the region as a key barrier to new transmission projects, FERC staff said Wednesday. However, price signals in the Midwest are expected to appear two years from now when the region’s grid operator implements locational marginal pricing (LMP).

November 4, 2002