Pipeline

Transcontinental Gas Pipe Line declared a force majeure event on its mainline in New Jersey. The pipeline said it received reports about an odor and upon investigation discovered a leak on its mainline “C” on the Long Beach lateral in the Sayreville area of New Jersey on Tuesday. Emergency repairs are underway. The outage reduced deliveries by about 300,000 Dth/d, affecting three customers. New Jersey Natural lost some service but service was restored Wednesday evening, a Transco spokeswoman said. Several meters owned by PSEG, New Jersey Natural and LILCO, will remain out of service until repairs can be made over the next couple days.

Transcontinental Gas Pipe Line declared a force majeure event on its mainline in New Jersey. The pipeline said it received reports about an odor and upon investigation discovered a leak on its mainline “C” on the Long Beach lateral in the Sayreville area of New Jersey on Tuesday. Emergency repairs are underway. The outage reduced deliveries by about 300,000 Dth/d, affecting three customers. New Jersey Natural lost some service but service was restored Wednesday evening, a Transco spokeswoman said. Several meters owned by PSEG, New Jersey Natural and LILCO, will remain out of service until repairs can be made over the next couple days.

BP plc apparently is negotiating a swap with Russia’s Gazprom so that BP can gain natural gas pipeline access in Europe and Gazprom can gain access to the growing U.S. liquefied natural gas (LNG) market. If the transaction is completed, it would be the second for Gazprom, which signed a memorandum of understanding with ChevronTexaco last month to undertake a joint U.S. oil and gas project (see NGI, Sept. 27).

BP plc apparently is negotiating a swap with Russia’s Gazprom so that BP can gain natural gas pipeline access in Europe and Gazprom can gain access to the growing U.S. liquefied natural gas (LNG) market. If the transaction is completed, it would be the second in as many weeks for Gazprom, which signed a memorandum of understanding with ChevronTexaco to undertake a joint U.S. oil and gas project (see Daily GPI, Sept. 23).

California is looking at increased interstate natural gas pipeline capacity as well as the much-talked about liquefied natural gas (LNG) imports now slated for the West Coast as a means of satisfying an unabated 6 Bcf/d thirst for gas supplies, a state energy official said at the Law Seminars International conference in San Francisco on “New Directions for California Energy Markets.”

California is looking at increased interstate natural gas pipeline capacity as well as the much-talked about liquefied natural gas (LNG) imports now slated for the West Coast as a means of satisfying an unabated 6 Bcf/d thirst for gas supplies, a state energy official said Friday as part of a panel presentation at the Law Seminars International conference, “New Directions for California Energy Markets” in San Francisco.

Greater development of liquefied natural gas (LNG) and pipeline facilities in the U.S. and overseas could provide the incentive for energy firms to capture gas that is wasted during production as a result of flaring and venting, according to a new report issued by the congressional Government Accountability Office (GAO) last week.

Greater development of liquefied natural gas (LNG) and pipeline facilities in the U.S. and overseas could provide the incentive for energy firms to capture gas that is wasted during production as a result of flaring and venting, according to a new report issued by the congressional Government Accountability Office (GAO).

Western Gas Resources shares tumbled 7% Thursday to $30.35 after the company reported a 33% decline in quarterly net income to $14 million ($0.19/share) compared to $20.9 million ($0.28/share in 2Q2003) because of one-time special charges for redemption of 10% senior subordinated notes ($6.7 million) and the cost ($7 million) of settling false price reporting charges with the Commodity Futures Trading Commission.