Transportation Notes

Saying its linepack was low and cold weather was in the Florida forecast for Thursday night and Friday morning, Florida Gas Transmission issued an Overage Alert Day notice for market-area customers Thursday with 20% tolerance for negative daily imbalances.

December 23, 2005

Early Touch of Winter Causes Prices to Spike

With freezes expected to penetrate much of the South Wednesday night and not lightening up much Thursday, there was plenty of cold weather to go around in sending cash prices skyrocketing Wednesday. Triple-digit gains were recorded across the board, and several points soared by $3 or more. The impact on NGI’s Daily Cash Market price chart was significant, with $9 and $10 readings replacing the $7 and $8 marks that dominated trading Tuesday.

November 17, 2005

Long Beach Port Releases Draft EIR on LNG Terminal, Sets 4 Public Hearings

As previewed late last week, the Port of Long Beach’s Harbor commissioners Monday night agreed to release a joint draft environmental impact report (EIR) on the proposed liquefied natural gas (LNG) receiving terminal in the harbor and established four public hearings on the document between Nov. 14 and Dec. 1 Comments are due to the port or the document’s joint author, FERC staff, by Dec. 8.

October 13, 2005

Transportation Notes

Citing lower linepack and forecasts of near-freezing temperatures in the northern half of Florida Thursday night, Florida Gas Transmission issued an Overage Alert Day notice for its market area Thursday at 25% tolerance for negative daily imbalances.

February 11, 2005

Bush Says ‘Four Years of Debate is Enough’ on Energy Bill

In declaring that “four years of debate is enough,” President Bush Wednesday night urged both houses of Congress to pass broad energy legislation during the upcoming months.

February 4, 2005

Transportation Notes

Noting that freezing temperatures were being forecasted for the northern half of Florida through at least Monday night and that its total linepack was down, Florida Gas Transmission initiated a new Overage Alert Day notice for market-area customers Sunday with 20% tolerance for negative daily imbalances Sunday. The notice was kept in place Monday with tolerance tightened to 10%.

January 25, 2005

Futures Take the Day Off Ahead of Storage Report Friday

After coming out of the gates lower following the Wednesday night Access trading session, February natural gas used Thursday to tread water as the weather and storage situations continue to play out.

January 21, 2005

Clarity on Future CA Energy Plans Expected from Governor, Lawmakers

Beginning with Wednesday night’s state-of-the-state address by California Gov. Arnold Schwarzenegger, more information on the state’s energy plans are expected to emerge, along with indications from the state legislature on whether separate new comprehensive energy bills will be pushed separately by the Democratic majority and Republicans. Speculation is high since the governor named two new members of the California Public Utilities Commission late last month.

January 6, 2005

Futures Dip on Weak Crude, Technicals; Bulls Find Solace in Storage Estimates

Pressured by weakness in the Sunday night Access trading session, the natural gas futures market turned lower Monday in sympathy with losses in the crude oil market and amid bearish short-term technical factors. However, chilly temperatures and stronger Northeast cash prices was enough to slow the downside momentum, leaving the April market with a modest 3.6-cent decline and $5.546 close.

March 23, 2004

Transportation Notes

Forecasts of cold weather in the northern half of Florida Friday night and Saturday morning prompted Florida Gas Transmission to issue an Overage Alert Day notice for its market area Friday. The notice had 20% tolerance for negative daily imbalances.

March 1, 2004