Looks

San Diego-based Sempra Energy’s vast liquefied natural gas (LNG) stake in North America looks like a pot of gold with more than 2 Bcf/d of LNG capacity sold to LNG suppliers at two of its three permitted terminals that are under construction and set to begin commercial operations next year.

As the day of reckoning arrives this week for ex-Enron Corp. CFO Andrew Fastow, his lawyers hope the judge looks kindly upon a sentencing recommendation requesting leniency. Fastow is to be sentenced to up to 10 years in prison on Tuesday.

With midweek heat staying fairly strong in nearly all areas — especially the West — and with extra support from a prior-day screen spike of nearly half a dollar, cash quotes again rose by sizeable double-digit amounts at all points Tuesday.

Winter looks like it will finally make its debut in earnest this week, more than a month after the season’s official start date. With cold temperatures expected to blanket much of the country, the potential impact on the natural gas industry has people wondering how long the cold will stay and just how cold it will be.

Winter looks like it will finally make its debut in earnest next week, more than a month after the season’s official start date. With cold temperatures expected to blanket much of the country next week, the potential impact on the natural gas industry has people wondering how long the cold will stay and just how cold it will be.

When the natural gas industry looks back at 2005, it will show that Congress made significant headway on pipeline, storage and liquefied natural gas (LNG) infrastructure issues, but it made little, if any, progress in the area of expanding gas supply, industry officials say.

Citing the highly public jurisdictional spat between it and the state of California, the Federal Energy Regulatory Commission has called on Congress to modify Section 3 of the Natural Gas Act (NGA) to make “clear and unambiguous” that FERC has exclusive authority over the siting of liquefied natural gas (LNG) import terminals onshore and in state waters, as well as over pipeline facilities that deliver gas from the LNG terminals.

Citing the highly public jurisdictional spat between it and the state of California, the Federal Energy Regulatory Commission has called on Congress to modify Section 3 of the Natural Gas Act (NGA) to make “clear and unambiguous” that FERC has exclusive authority over the siting of liquefied natural gas (LNG) import terminals onshore and in state waters, as well as over pipeline facilities that deliver gas from the LNG terminals.

After trading significantly higher in Sunday night trading on bullish weather forecasts, February natural gas futures gapped higher on the open Monday at $6.33. The prompt month did not stop there. Just before noon (EST), February ran up to notch a trade at $6.55, before receding during the afternoon.