Tennessee Gas Pipeline has started providing capacity on its Can-East Project, which extends its transportation service to Leidy, PA, through a long-term lease of 130,000 Dth/d of space on Dominion Transmission’s pipeline system, a new interconnect at Leidy, and a new compressor station on Tennessee at Ellisburg, PA.
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Tennessee Opens Can-East Project, Holds Open Season for Remaining Capacity
Tennessee Gas Pipeline has started providing capacity on its Can-East Project, which extends its transportation service to Leidy, PA, through a long-term lease of 130,000 Dth/d of space on Dominion Transmission’s pipeline system, a new interconnect at Leidy, and a new compressor station on Tennessee at Ellisburg, PA.
EOG’s ’04, ’05 Production Unhedged; Papa Sees $5-Plus Prices for Next 5 Years
When EOG CEO Mark Papa opens his mouth, the words “bullish on gas prices” usually are among the first to come out, but this year Papa’s backing up his words with actions. None of EOG’s North American natural gas production is hedged in 2004 and 2005 because Papa said he expects gas prices to remain above $5/MMBtu (Henry Hub) for at least the next five years.
EOG’s ’04, ’05 Production Unhedged; Papa Sees $5-Plus Prices for Next 5 Years
When EOG CEO Mark Papa opens his mouth, the words “bullish on gas prices” usually are among the first to come out, but this year Papa’s backing up his words with actions. None of EOG’s North American natural gas production is hedged in 2004 and 2005. Papa said he expects gas prices to remain above $5/MMBtu (Henry Hub) for at least the next five years.
Executives Believe Prospects Still Strong for Domestic Gas Production
If the federal government opens up now restricted areas to drilling and offers incentives to drill more difficult plays, there are still prospects in the United States on and offshore for substantial natural gas exploration and production, according to several oil and gas executives, who spoke Monday at the Ziff Energy Conference in Houston.
Executives Believe Prospects Still Strong for Domestic Gas Production
If the federal government opens up now restricted areas to drilling and offers incentives to drill more difficult plays, there are still prospects in the United States on and offshore for substantial natural gas exploration and production, according to several oil and gas executives, who spoke Monday at the Ziff Energy Conference in Houston.
Kinder Morgan Opens 375 MMcf/d Gas Pipeline to Mexico
After being on the drawing board of several companies for more than eight years, a 95-mile natural gas pipeline system to Monterrey, Mexico, from South Texas finally went into service last week. Kinder Morgan Energy Partners LP (KMP) said its new Mier-Monterrey gas pipeline was placed into service March 20 and is transporting 375 MMcf/d of gas under a 15-year contract with Pemex Gas Y Petroquimica Basica (PGPB).
Kinder Morgan Opens New 375 MMcf/d Gas Pipeline to Mexico
After being on the drawing board of several companies for more than eight years, a 95-mile natural gas pipeline system to Monterrey, Mexico, from South Texas finally went into service last week. Kinder Morgan Energy Partners LP (KMP) said its new Mier-Monterrey gas pipeline was placed into service March 20 and is transporting 375 MMcf/d under a 15-year contract with Pemex Gas Y Petroquimica Basica (PGPB).
ICE Opens Its Doors to Nymex Floor Traders, Locals
IntercontinentalExchange (ICE) is opening its doors to Nymex floor traders. ICE said it received approval from the Commodity Trading Futures Commission (CFTC) to allow registered floor traders, locals and other traders with electronic trading privileges on other major regulated U.S. futures exchanges to execute over-the-counter (OTC) transactions on ICE’s electronic trading platform.
ICE, Nymex Tout Growing OTC Clearing Business; EnergyClear Opens Shop
IntercontinentalExchange (ICE) flexed its muscles on Thursday, revealing its strong position in the U.S. over-the-counter (OTC) natural gas market. The exchange said about one million natural gas contracts have been cleared through its system since March with a notional value of about $10 billion. ICE said it also set a new daily cleared volume record for natural gas transactions in the United Kingdom on Thursday and has cleared more than one billion therms in the that country since September.