With Florida temperatures predicted to be in the 90s, Florida Gas Transmission notified market-area customers that it was issuing an Overage Alert Day for Tuesday at 25% tolerance for negative daily imbalances.
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Calypso Pulls Plug on Offshore Florida Pipeline Project
Calypso U.S. Pipeline LLC has notified FERC that it has abandoned its undersea pipeline project, which was destined to deliver regasified liquefied natural gas (LNG) from a deepwater port offshore Florida to customers in the Sunshine State.
Transportation Notes
With freezing temperatures forecast for northern Florida Monday night, Florida Gas Transmission (FGT) notified market-area customers that it was issuing an Overage Alert Day for Monday with a 15% tolerance on negative daily imbalances. Noting that on Nov. 1 FGT had begun maintenance on the Citronelle FGT and Citronelle Transco interconnects between FGT Stations 10 and 11, FGT now expects to finish the work on Jan. 31; until then zero volumes are being scheduled at the interconnects. Total operational capacity there is 400,000 MMBtu/d, but during normal operations up to slightly above 300,000 MMBtu/d is scheduled. See the bulletin board for a list of affected area points.
Transportation Notes
Gulf South said late Monday it was notified by the North Terrebonne Gas Plant in South Louisiana that due to planned maintenance the plant is operating in bypass mode from Tuesday through Thursday. Gulf South listed 16 meters that have waivers in place and will remain online as long as the pipeline is able to blend their volumes to meet its tariff specifications. But if sufficient blending is not possible, Gulf South said those locations will be required to shut in until plant processing resumes.
Williams Partners Increases Stake in Overland Pass NGL Pipe
Williams Partners LP on Thursday notified Oneok Partners LP that it would take the option to increase its ownership to 50% from 1% in their jointly owned Overland Pass Pipeline Co. LLC.
Transportation Notes
Due to forecasts of high temperatures in the mid 90s, Florida Gas Transmission notified market-area customers of an Overage Alert Day Thursday with a 20% tolerance for negative daily imbalances.
ICE Sets Position Limits for Swaps Contracts
The IntercontinentalExchange (ICE ) Friday notified over-the-counter (OTC) financial gas market participants of the position limits and accountability levels it is putting in place beginning with the expiration of the September 2010 contract (Aug. 25, 2010) for seven natural gas basis swaps that were designated for the treatment by the Commodity Futures Trading Commission (CFTC).
ICE Sets Position Limits for Swaps Contracts
The IntercontinentalExchange (ICE ) Friday notified over-the-counter (OTC) financial gas market participants of the position limits and accountability levels it is putting in place beginning with the expiration of the September 2010 contract (Aug. 25, 2010) for seven natural gas basis swaps that were designated for the treatment by the Commodity Futures Trading Commission (CFTC).
Transportation Notes
Citing lows in the 30s and 40s that had moved into Florida, Florida Gas Transmission notified market-area customers that it was issuing an Overage Alert Day for Monday with 25% tolerance for negative daily imbalances.
Texas Eastern Starts Up TIME II Expansion to New Jersey
Texas Eastern Transmission LP (Tetco) notified FERC this week that it has placed into service the remainder of its TIME II pipeline and compression expansion project, which will provide provide up to 150,000 Dth/d of new transportation service to the New Jersey market area to alleviate market constraints due to increasing market demand.