PNGTS Prepares Line for Service in March

The Portland Natural Gas Transmission System (PNGTS) andTransQuebec &amp Maritimes Pipeline (TQM) held a ribbon-cuttingceremony last week at the U.S./Canada border to announce completionof the first high-capacity gas pipeline to serve northern NewEngland. Commercial operations, however, are not expected to beginuntil Saturday, March 6. And PNGTS probably will not betransporting its full certificated capacity of 178,000 MMBtu/duntil the end of the year, said spokesman John Flumerfelt, becauseseveral of the power plants and paper mills to be served by thepipeline are not complete.

March 1, 1999

Pan Alberta Deal Nearing Completion

The next round of restructuring is about to unfold in Canada’snatural-gas community as a white knight buyer prepares to stepforward for the country’s second-biggest supply aggregator,Pan-Alberta Gas Ltd. In fact, a team of rescuers has emerged.Senior Canadian industry sources say a producer consortium has comeup with a winning bid that will both keep the mammoth dealer inhome-grown hands and heal the worst remaining sore spot in thecommunity.

July 10, 1998

April Prepares To Expire With Little Excitement

The April Nymex contract slipped 2.7 cents to $2.338 onThursday, as traders continue to limit trading to small rangesahead of the expiration of the April contract at 3:10 EST latertoday. April remains several cents above $2.30 despite Henry Hubcash prices that are currently a nickel cheaper

March 27, 1998
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