Vector Pipeline President Juri Otsason said the 720 MMcf/d pipelineproject from Chicago to Dawn, ON, is running a little behind scheduleand probably will not be in service until the end of October. Itoriginally was expected to be in service Oct. 1. He also said theresults of a recent Vector open season were disappointing despite thecompany’s new contract with NIPSCO, which was announced earlier thisweek (see Daily GPI, June 28).
President
Articles from President
Millennium Official Sees Window of Opportunity
Millennium Pipeline President David Pentzien said yesterday it ismore evident now than ever before that significant additional capacityis needed to the Northeast. His remarks ran contrary to theconclusions of a recent Energy Information Administration report (seeDaily GPI, May 25), which found onlyabout 840 MMcf/d of additional capacity is needed in the near term incontrast to the more than 2 Bcf/d of capacity that is planned. ButPentzien noted recent market indicators show an undeniable need forlots more supply access.
June 2, 2000
Panhandle Chief Says LNG Demand Could Triple by 2010
Christopher Helms, president of CMS Panhandle Pipe Line Co.,estimated that LNG use will swell to take up 3.5% of the predicted30 Tcf of gas demand by 2010. In an interview with NGI, Helms saidPanhandle is working toward building LNG trade to the same level ascrude oil trading, complete with a futures and financial market,with Lake Charles serving as the hub for all operations.
May 1, 2000
Panhandle: LNG Demand Could Triple by 2010
Christopher Helms, president of CMS Panhandle Pipe Line Co.,estimated that LNG use will swell to take up 3.5% of the predicted30 Tcf gas demand by 2010. In an interview with NGI, Helms saidPanhandle is working toward building LNG trade to the same level ascrude oil trading, complete with a futures and financial market,with Lake Charles serving as the hub for all operations.
April 27, 2000
EnronOnline Strikes Again
Expanding its fast-growing sphere of influence within theindustry, EnronOnline, the Internet-based wholesale energytransaction platform sponsored by Enron, announced that it willhold the first online sulfur dioxide (SO2) emissions allowanceauction in the U.S. from March 13-16.
March 13, 2000
Vastar Earnings Up 56%, Reserves Up 170%
“1999 was a very good year for Vastar,” according to VastarResources President Charles D. Davidson, who had the numbers toback up the boast: a 56% increase in earnings over 1998, along witha 170% replacement of reserves.
January 20, 2000
Leviathan Becomes El Paso Energy Partners
El Paso Energy changed the name of Leviathan Gas PipelinePartners, L.P. yesterday to El Paso Energy Partners, L.P.,effective Dec. 1, and appointed Robert G. Phillips, who iscurrently president of El Paso Field Services and a director ofLeviathan, the company’s new CEO. Leviathan’s board accepted theresignation of CEO Grant E. Sims.
November 4, 1999
Maximum Sentence Sought For Ex-NGSA Official
The U.S. District Attorney’s Office for the District of Columbiahas asked a D.C. federal judge to sentence Nicholas J. Bush, formerpresident of the Natural Gas Supply Association (NGSA), to a”significant period of incarceration” for embezzling about $3million from the producer group over a 16-year period.
October 25, 1999
Enron Pondering Portland General’s Future
Only two-years after winning its hard-fought battle to acquire Portland General Electric, Enron Corp. President Jeffrey K. Skilling last week said the company is considering “alternatives” for the electric utility.
October 18, 1999
El Paso Rejects Bids on California Capacity
El Paso Natural Gas President Richard Baish said the pipelinerejected all of the bids for available California-bound capacity onits system during the second open season, which ended yesterday.
October 14, 1999
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