Phase

South Hook in South West Wales — Europe’s largest liquefied natural gas (LNG) receiving terminal — is fully commissioned with the completion of its second phase, South Hook LNG Terminal Co. LTC said Tuesday.

Tenaska Capital Management LLC (TCM) and Energy Spectrum Partners V LP said Monday they have formed and plan to jointly operate Frontier Gas Services LLC to acquire, develop, own and operate natural gas infrastructure primarily in the Midcontinent, Permian Basin, East Texas and unconventional shale plays across the United States. The partnership pledged “at least” $250 million to fund the development.

Midcontinent Express Pipeline LLC (MEP) Phase I began interim service on 266 miles of 42-inch diameter pipeline from interconnects with Houston Pipe Line Co. and Natural Gas Pipeline Co. of America (NGPL) near Paris, TX, to an interconnect with the Columbia Gulf Pipeline near Delhi, LA, the pipeline said last Friday.

Midcontinent Express Pipeline LLC (MEP) Phase I began interim service on 266 miles of 42-inch diameter pipeline from interconnects with Houston Pipe Line Co. and Natural Gas Pipeline Co. of America (NGPL) near Paris, TX, to an interconnect with the Columbia Gulf Pipeline near Delhi, LA, the pipeline said Friday.

With phase one of its storage project still not completed, Pine Prairie Energy Center LLC has returned to FERC asking to double the working gas capacity of its storage project near the Henry Hub in Louisiana to 48 Bcf. At the same time Standard & Poor’s Ratings Service (S&P) has lowered the company’s credit rating because of delays and cost overruns on the initial project.

With phase one of its storage project still not completed, Pine Prairie Energy Center LLC has returned to FERC asking to double the working gas capacity of its storage project near the Henry Hub in Louisiana to 48 Bcf. At the same time Standard & Poor’s Ratings Service (S&P) has lowered the company’s credit rating because of delays and cost overruns on the initial project.

Joining other energy companies’ attempts to reassure investors, Anadarko Petroleum Corp. Tuesday said it has completed the first phase of its planned $5 billion share buyback program and it also has retired some of its debt a year ahead of schedule.

Canadian junior explorer Gastem Inc. has begun the first phase of a drilling development program on the New York state side of the emerging Utica Shale natural gas play, which extends from Quebec into New York.

Exelon Corp.’s Pennsylvania gas and electric utility, PECO, has requested permission from the Pennsylvania Public Utility Commission (PUC) to begin phase one of a voluntary residential real-time pricing program (RRTP) that would allow up to 2,000 customers to view real-time energy prices.