In an effort to conform with recently published guidelines from the New York Stock Exchange and stay current with the evolving industry environment, El Paso Corp. said Monday it has restructured some of its executive management. The management changes come days after the company was found guilty of withholding natural gas supplies during the California energy crisis of winter 2000-2001 (see Daily GPI, Sept. 24).
Published
Articles from Published
Correction
In the story “Rush to LNG in Baja Raises Questions About Demand, Infrastructure” published on Thursday, March 7, in the 8th paragraph, note that Sempra’s proposed LNG terminal will be south of Rosarito and north of Ensenada.
EIA: Natural Gas Use to ‘Nearly Double’ by 2020
Natural gas is the “fastest growing primary energy source” according to a new report published in the International Energy Outlook 2001 (IEO), put together by the Energy Information Administration (EIA), with projections that its use will “nearly double” by 2020, providing a “relatively clean fuel for efficient new gas turbine power plants.”
EIA: Natural Gas Use to ‘Nearly Double’ by 2020
Natural gas is the “fastest growing primary energy source”according to a new report published in the International EnergyOutlook 2001 (IEO), put together by the Energy InformationAdministration (EIA), with projections that its use will “nearlydouble” by 2020, providing a “relatively clean fuel for efficientnew gas turbine power plants.”
DOE, FERC Not Conferring on Independence Line
A published news report indicating that the Department of Energy(DOE) has entered into discussions with FERC over the merits ofconstructing the East-bound Independence Pipeline is false, theCommission and DOE said.
Credit Agency: Don’t Count Producers Out
After studying the financial and operational situations of 15major oil and gas producers, the international credit agency FitchIBCA recently published a report indicating the industry isrebounding from the financially depressed timeframe between 1998and early 1999, but new challenges are just around the corner.
EIA Remains Bullish on Gas
In the latest of a string of bullish reports for the gasindustry, the Energy Information Administration’s (EIA)recently-published Short-Term Energy Outlook projected prices inthe coming months to be 25% to 30% higher than last winter. It alsosaid that demand, which the EIA said rose by less than 1% in 1999compared to 1998, is poised to grow 4.6% in 2000. The demand jump,which puts the consumption level at 22.4 Tcf, represents anincrease of 1 Tcf over 1999’s consumption levels.
Current Market Prices
Natural Gas Intelligence the weekly gas market newsletter published : August 16, 1999