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Flat Basis, Power Demand Need Rethink by NatGas Pipes, Say Experts

Power generation will continue to grow in importance to the natural gas market. Reliably connecting gas supply to power plants in the years ahead will take more than synchronizing the gas and power days; a capital-intensive infrastructure buildout is necessary, as is new thinking on the part of pipelines, industry executives said in Houston last Thursday.

July 22, 2013

Industry Briefs

Tennessee Gas Pipeline has launched an open season through July 31 for firm natural gas transportation capacity on the Connecticut Expansion Project, which would deliver gas from its existing interconnect with Iroquois Gas Transmission in Wright, NY, to Zone 6 delivery points on Tennessee’s 200 and 300 Lines in Connecticut. The project, which would require upgrades and modifications to the existing pipeline system in New York, Massachusetts and Connecticut, is slated for service by November 2016. Available capacity would be about 72,100 Dth/d. The pipeline has entered into binding precedent agreements with three anchor shippers. Inexpensive shale gas has recently caught the attention of the Constitution State. In June Connecticut gas distribution utilities Yankee Gas, Connecticut Natural Gas and Southern Connecticut Gas, filed a joint gas expansion plan with the state’s Public Utilities Regulatory Authority and the Department of Energy and Environmental Protection (see NGI, June 24). The plan outlines how the utilities would meet expansion goals proposed in the Gov. Dannel Malloy’s comprehensive energy strategy and the the recently enacted HB 6360 (see NGI, March 18). The utilities plan a “structured approach” to add 280,000 new gas heating customers over the next 10 years.

July 22, 2013

House Panel Approves NatGas Pipe Permitting Bill

The full House Energy and Commerce Committee last Wednesday voted out amended legislation that aims to speed up the permitting of interstate natural gas pipelines by both federal and state agencies.

July 22, 2013

FERC Seeks More Data on Jurisdictional Gas Sales

Many of the responders to an initial notice of inquiry (NOI) on whether to require quarterly reporting of FERC-jurisdictional next-day and next-month transactions contend that the quarterly reporting requirement would not improve natural gas market transparency.

July 22, 2013

E&P NatGas Market Insight Expected in 2Qs

North American exploration and production (E&P) companies will begin to unveil their second quarter results over the coming weeks, and while there aren’t expected to be any big surprises, analysts are hoping for details on natural gas market fundamentals — particularly in the Marcellus Shale — along with insight into emerging plays and more information on ethane rejection in natural gas liquids (NGL) plays.

July 22, 2013

McCarthy Confirmed as EPA Chief

The Senate Thursday confirmed Gina McCarthy to head the Environmental Protection Agency (EPA), ending a four-month long stalemate between Republicans and Democrats over her controversial nomination.

July 22, 2013

Nucor to Spend $700M-Plus to Fuel Encana’s Natural Gas Drilling

Steel manufacturer Nucor Corp. said it plans to spend more than $700 million on natural gas drilling over a two-year period to meet its contractual obligations with Encana Corp. for low-cost gas supplies.

July 22, 2013

Industry Leaseholds Face Scrutiny in Pennsylvania, Ohio

The Pennsylvania Superior Court has thrown out a lawsuit brought by Fayette County family, which wanted an oil and gas lease agreement voided by claiming that some drilling activities weren’t contemplated when the contract was executed. However, similar lawsuits in the state and in Ohio are facing new scrutiny as well.

July 22, 2013

Harvard Researcher Sees U.S. as Largest Oil Producer by ’17

The United States could produce 5 million b/d from shale oil deposits by 2017 and may become the world’s largest oil producer — reaching up to 16 million b/d in just a few years by combining shale with conventional oil, liquefied natural gas (LNG) and biofuels, according to a researcher at Harvard Kennedy School.

July 22, 2013

Market Dynamics Are Biggest Challenge to Canadian LNG Exports

A check, which says markets, not boosters, decide the fate of projects, is built into the biggest plan for exporting liquefied natural gas (LNG) from new terminals on the northern Pacific Coast of British Columbia (BC).

July 15, 2013