The American Gas Association (AGA) said it is undertaking a review of the procedures for performing revisions to its storage data, following an inquiry by the Commodity Futures Trading Commission (CFTC) about the second largest revision ever to its storage data on Aug. 22. The +47 Bcf net revision prompted a sharp drop in futures prices and an angry response from natural gas traders and marketers, who use the information to help determine available supply and to project price changes.
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AGA Plans To Review Storage Data Procedures
The American Gas Association (AGA) said it is undertaking a review of the procedures for performing revisions to its storage data, following an inquiry by the Commodity Futures Trading Commission (CFTC) about the second largest revision ever to its storage data last week. The +47 Bcf net revision prompted an angry response from natural gas traders and marketers, who use the information to help determine available supply and to project price changes.
Transportation Notes
Gulf South (formerly Koch Gateway) is performing unscheduledmaintenance on one unit at the Bistineau Compressor Station innorthwest Louisiana until further notice. Withdrawals from theBistineau storage facility could be reduced as much as 100 MMcf/duntil repairs are completed.
Transportation Notes
Koch Gateway is performing both scheduled and unscheduledmaintenance at its Jackson (MS) Compressor Station. Work on units#3 and #4 has been completed, unit #2 will remain unavailable untilDec. 10, reducing station capacity by 75 MMcf/d.
Transportation Notes
Sonat reported being notified Tuesday morning that beginningtoday, Ocean Energy will be performing maintenance that requiresshut-in of the Main Pass 153 receipt point until further notice.Sonat declared a force majeure and said it will not schedule anynominations at the point during the outage.
Transportation Notes
Following a run of more than two weeks, MRT lifted effectiveSaturday the OFO that was put in place Jan. 19.