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DC Circuit Rejects Shippers’ Complaint Against Northeast Pipe

The U.S. Court of Appeals for the DC Circuit on Tuesday dismissed a complaint by six shippers on the TransCanada-connected Portland Natural Gas Transmission System (PNGTS) in New England, noting that they can seek a remedy through FERC’s rate-setting processes. The court action is related to lawsuits filed after the pipeline slashed its capacity by 20% in the aftermath of two other shippers filing for bankruptcy four or five years ago.

February 1, 2010

DC Circuit Rejects Shippers’ Complaint Against Northeast Pipe

The U.S. Court of Appeals for the DC Circuit on Tuesday dismissed a complaint by six shippers on the TransCanada-connected Portland Natural Gas Transmission System (PNGTS) in New England, noting that they can seek a remedy through FERC’s rate-setting processes. The court action is related to lawsuits filed after the pipeline slashed its capacity by 20% in the aftermath of two other shippers filing for bankruptcy four or five years ago.

February 1, 2010

Credit Suisse to Trade Physical Gas Out of Houston

Credit Suisse last Thursday announced the creation of a physical natural gas trading team in Houston, noting that it is the latest addition to more than 30 marketers and traders the firm has hired over the last six months.

December 21, 2009

Credit Suisse Building Physical Gas Desk in Houston

Credit Suisse on Thursday announced the creation of a physical natural gas trading team in Houston, noting that it is the latest addition to more than 30 marketers and traders the firm has hired over the last six months.

December 18, 2009

Transportation Notes

Noting that over the past several days primary firm scheduled volumes through Kemmerer Compressor Station have exceeded design capacity of 655,000 Dth/d and current operational capacity of 680,000 Dth/d, Northwest said Sunday a Recall Advisory and OFO will become effective at the station Tuesday until further notice. Under the Recall Advisory, Northwest asks shippers to immediately recall capacity that is subject to OFO recall provisions. Shippers affected by the Recall Advisory and OFO are those that have a realignment OFO obligation through Kemmerer, the pipeline said. Northwest also lifted at the end of last Friday’s gas day a Declared Deficiency Period at Roosevelt Compressor Station, but it said a related OFO there remained in place due to high scheduled quantities through Roosevelt.

December 8, 2009

Transportation Notes

Southern California Gas will extend through at least Tuesday a high-linepack OFO that has been in effect since Saturday.

November 24, 2009

‘$1.50/Mcf Gas Anyone?’ Analyst Asks

Noting that natural gas prices fell nearly 20% in August and were already down almost another 20% in the first four days of September, Raymond James analyst J. Marshall Adkins said fundamentals “remain awful,” but he expects a rebound to occur next year.

September 14, 2009

‘$1.50/Mcf Gas Anyone?’ Analyst Asks

Noting that natural gas prices fell nearly 20% in August and were already down almost another 20% in the first four days of September, Raymond James analyst J. Marshall Adkins said fundamentals “remain awful,” but he expects a rebound to occur next year.

September 10, 2009

ACSF Applauds DOE Funding of Natural Gas Vehicle Projects

Noting that a “significant portion of the funding” will be allotted to natural gas infrastructure projects, a nonprofit energy and environmental education organization, American Clean Skies Foundation (ACSF), praised the U.S. Department of Energy’s (DOE) decision to provide nearly $300 million for development of alternative fuel vehicles, including those using compressed natural gas (CNG) and liquefied natural gas (LNG).

August 31, 2009

Hurricanes, Gulf Supplies Don’t Concern NW Gas Utilities

Hurricanes and their potential impact on natural gas supplies and prices are no longer a major concern of gas utilities in the Pacific Northwest, utility officials told a workshop held Tuesday by the Oregon Public Utility Commission (PUC). It is a reflection of the fact that the ramp-up of Rockies and general shale production has made the Gulf of Mexico supplies less critical for their region.

July 9, 2009
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