Market

Florida Gas Transmission extended an Overage Alert Day notice for its market area through at least Tuesday but loosened the tolerance for negative daily imbalances from 10% to 15%.

Saying its overall linepack was low because Tropical Storm Barry had “significantly affected receipt gas” and market area demand was strong, Florida Gas Transmission issued an Overage Alert Day for Monday’s gas day with a 10% tolerance for negative daily imbalances.

In his latest review of the California market, FERC Chairman Curt Hebert said that while the levels of interstate natural gas pipeline capacity and intrastate capacity serving the state have risen since the start of the year, the gap between the two has grown even wider and could serve to further constrain delivery points there.

In his latest review of the California market, FERC Chairman Curt Hebert said that while the levels of interstate natural gas pipeline capacity and intrastate capacity serving the state have risen since the start of the year, the gap between the two has grown even wider and could serve to further constrain delivery points there.

Citing warmer weather in its market area and lower overall linepack, Florida Gas Transmission issued an Overage Alert Day notice Tuesday with 15% tolerance for negative daily imbalances.

The cash market continued to confound some people with its renewed strength Thursday, which several traders said appeared to be primarily psychological and associated with the appearance of a tropical depression in the mid-Atlantic. A screen gain of nearly 9 cents also provided support, and despite dwindling air conditioning load in other areas, power generation demand remained strong in the South.

The gas-thirsty U.S. market is drawing comers from around the world, with another consortium at work to export Bolivian liquefied natural gas (LNG) to the U.S. West Coast. France’s TotalFina Elf, Spain’s Repsol YP, Britain’s BP and British Gas, and Bolivia’s Yacimientos Petroli feros Fiscales Bolivianos are considering plans to export some of the country’s 6,000 Bcf in proven gas reserves to California markets.

The gas-thirsty U.S. market is drawing comers from around the world, with another consortium at work to export Bolivian liquefied natural gas (LNG) to the U.S. West Coast. France’s TotalFina Elf, Spain’s Repsol YP, Britain’s BP and British Gas, and Bolivia’s Yacimientos Petroli feros Fiscales Bolivianos are considering plans to export some of the country’s 6,000 Bcf in proven gas reserves to California markets.

Citing warmer weather in its market area and lower overall linepack, Florida Gas Transmission issued an Overage Alert Day notice with 5% tolerance for negative imbalances Tuesday. FGT bases its decision on whether to extend an OFO on a review of the situation prior to the start of each gas day.