The Los Angeles Department of Water and Power (LADWP) Wednesday held a pre-bidding conference with four natural gas suppliers regarding long-term supplies of up to 120 MMcf/d, some of which could be transported through the still idled western portion of Questar’s Southern Trails pipeline in California, a LADWP official said during an interview with NGI.
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Vector Opens New 100 MMcf/d Interconnect with Guardian
Vector Pipeline has opened a new 100 MMcf/d interconnection with Guardian Pipeline, providing Vector shippers with access to Wisconsin markets and new supply via other pipelines. The new interconnect, which is expandable to 400 MMcf/d, is located near Joliet in Will County, IL.
Vector Opens New 100 MMcf/d Interconnect with Guardian
Vector Pipeline has opened a new 100 MMcf/d interconnection with Guardian Pipeline, providing Vector shippers with access to Wisconsin markets and new supply via other pipelines. The new interconnect, which is expandable to 400 MMcf/d, is located near Joliet in Will County, IL.
FERC’s Proposal for Daily Storage Reporting Opens Pandora’s Box of Issues
FERC last week opened “Pandora’s Box” when it suggested revising natural gas storage reporting, possibly into a daily format, as industry witnesses last week produced a full spectrum of variations on the theme, both advocating and opposing daily storage reports, questioning costs/benefit and potential accuracy, calling for availability of other current supply-demand information, and/or changing the timing and method of releasing storage information to confound speculators. Several warned against any more upheavals in the energy market right now.
Nymex Opens Access Trading to Japanese Financial Markets
Energy traders in Tokyo soon may be influencing the price of natural gas at the Henry Hub in Louisiana. The New York Mercantile Exchange (Nymex) said Tuesday that it has reached an agreement with Tokyo Commodity Exchange to allow the Japanese financial markets to participate in Nymex Access trading in energy and metals futures contracts. Internet-based trading is scheduled to become operational in Japan on July 20.
Agreement with Aboriginals Opens Way for North Alberta Cross-over Line
An agreement on aboriginal co-operation has been made as the opening move towards building a new natural gas pipeline across northern Alberta as a direct connection to the oilsands region. Dene Tha’ Chief Stephen Didzena confirmed his community reached an understanding with TransCanada PipeLines Ltd. on building a relationship that will be essential for the project to go ahead.
Agreement with Aboriginals Opens Way for North Alberta Cross-over Line
An agreement on aboriginal cooperation has been made as the opening move towards building a new natural gas pipeline across northern Alberta to the oilsands region. Dene Tha’ Chief Stephen Didzena confirmed his community reached an understanding with TransCanada PipeLines Ltd. on building a relationship that will be essential for the project to go ahead.
FERC Upholds Prior Approval of $1.7B El Paso Settlement, Opens Door to Court Challenges
FERC last Wednesday upheld its November 2003 order approving with one change a $1.7 billion settlement of California’s allegations that an El Paso Corp. pipeline drove up natural gas prices in the state by withholding capacity during the state’s energy crisis, and that it gave preferential treatment to its energy merchant affiliate during bidding on transportation capacity.
Justice Department Opens Inquiry into Shell’s Inflated Reserve Numbers
The Justice Department has begun an investigation into whether top officials at Royal Dutch/Shell Group broke any laws by failing to disclose earlier an overbooking of the company’s proven oil and natural gas reserves, a source close to the inquiry told the Houston Chronicle.
FERC Upholds Prior Approval of $1.7B El Paso Settlement, Opens Door to Court Challenges
FERC on Wednesday upheld its November 2003 order approving with one change a $1.7 billion settlement of California’s allegations that an El Paso Corp. pipeline drove up natural gas prices in the state by withholding capacity during the state’s energy crisis, and that it gave preferential treatment to its energy merchant affiliate during bidding on transportation capacity.