Maritimes

A consortium involving units of General Electric Corp. (GE) and Clean Energy Fuels Corp. announced Wednesday the first in a series of small-scale liquefied natural gas (LNG) production facilities they hope to develop will be sited in Florida.

Maritimes Canada natural gas consumers should consider taking up to 600 MMcf/d of firm pipeline capacity from the Marcellus Shale to ensure security of supply and avoid the $30/MMBtu gas prices seen last winter, ICF Consulting Canada Inc. said in a new study prepared for the Nova Scotia Department of Energy.

Cold temperatures in the Northeast have prompted constraints on Spectra Energy’s Algonquin Gas Transmission and Maritimes & Northeast (M&N) Pipeline, according to customer notices on the pipelines’ bulletin boards.

Spectra Energy Partners LP is acquiring a 38.76% interest in Maritimes & Northeast Pipeline LLC (M&N) from Spectra Energy Corp. for $319 million in cash and $56 million in newly issued partnership units. M&N owns a 338-mile mainline interstate natural gas pipeline that extends from the border of Canada near Baileyville, ME, to northeastern Massachusetts with delivery capability of 0.8 Bcf/d. The pipeline’s location and interconnects with Spectra’s transmission system link regional natural gas supplies to the Northeast United States and Atlantic Canadian markets. M&N cash flows are backed by an average contract life of approximately 19 years and more than 90% fee-based revenues. The deal is being be through a combination of debt and equity; closing is set for the end of October.

In the wake of last week’s decision by the Argentine government to nationalize YPF SA, Moody’s Investors Service has placed Spain’s Repsol and Maritimes & Northeast Pipeline LLC (M&N) under review for possible downgrades.

Due to forecasted high demand in its Northeast market area, effective Thursday Maritimes & Northeast U.S. (M&N) will require all delivery point operators to keep actual daily takes out of the system less than or equal to scheduled quantities regardless of their cumulative imbalance position. Similarly, all receipt point operators must keep actual daily receipts into the system greater than or equal to scheduled quantities regardless of their cumulative imbalance position, M&N said.

A simmering dispute over tolls and excess delivery capacity on Maritimes & Northeast Pipeline (MNP) has boiled over into a regulatory duel, with hearings scheduled to begin March 1 before Canada’s National Energy Board (NEB) in the Nova Scotia capital of Halifax.

A simmering dispute over tolls and excess delivery capacity on Maritimes & Northeast Pipeline (MNP) has boiled over into a regulatory duel, with hearings scheduled to begin March 1 before Canada’s National Energy Board (NEB) in the Nova Scotia capital of Halifax.

Compensation from producers of C$30.4 million (US$29.2 million) is being sought for natural gas reserves and drilling disappointments offshore Nova Scotia by Maritimes & Northeast Pipeline (MNP).