As the natural gas industry pushes for a standardized drilling ordinance in Pennsylvania, it doesn’t expect the regulations to be easy, just predictable, a pair of executives told an audience in Pittsburgh last Wednesday.
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Executives: Make Regulations Predictable, Not Easy
As the natural gas industry pushes for a standardized drilling ordinance in Pennsylvania, it doesn’t expect the regulations to be easy, just predictable, a pair of executives told an audience in Pittsburgh.
Gas, Coal Downplayed in Xcel Future, CEO Says
With its multi-state utility operations centered in geographical areas undergoing big pushes for renewable energy and conservation programs, Minnesota-based Xcel Energy will be deemphasizing the use of natural gas and coal to fuel its power fleet, according to CEO Dick Kelly, who spoke last Tuesday at the Merrill Lynch Power and Gas Leaders Conference in New York City. As a result, Xcel also will be adding to its $2.4 billion high-voltage electric transmission system.
Futures Quiet Friday, Seem ‘Comfortable’ Between $6 and $7
Traders appeared to take Friday off for the most part as April natural gas futures managed a slim 22-cent range with no significant pushes in either direction, lending credibility to the theory that the market is comfortable just where it is right now. Prompt-month natural gas ended up settling at $6.790, up 3 cents from Thursday but 52.3 cents lower than the previous Friday’s close.
NGI The Weekly Gas Market Report
Severe Weather, Gas Shut-Ins Forced Brief Denver-Area Power Outages
Rolling blackouts are generally considered a scourge of hot summer days when electricity demand for air conditioning pushes generation and transmission beyond capacity. However, electric utilities that rely on gas-fired generators are vulnerable during the winter due to the potential for gas well freeze-offs. Xcel Energy and some of its Colorado customers found this out over the holiday weekend.
Denver-Area Power Cuts Not as Bad as Feared
Rolling blackouts are generally considered a scourge of hot summer days when electricity demand for air conditioning pushes generation and transmission beyond capacity. However, electric utilities that rely on gas-fired generators are vulnerable during the winter due to the potential for gas well freeze-offs. Xcel Energy and some of its Colorado customers found this out over the holiday weekend.
Sempra Consolidates LNG Businesses; Pushes Ahead on 3 Projects
As part of an internal reorganization, effective Jan. 1, 2005 Sempra Energy will consolidate its liquefied natural gas (LNG) projects into one business unit and merge its international businesses with a newly designated “pipeline/storage” business unit. Meanwhile, Sempra is pushing ahead with construction of its most advanced LNG project at Costa Azul in North Baja, Mexico.
Sempra Consolidates LNG Businesses; Pushes Ahead on 3 Projects
As part of an internal reorganization, effective Jan. 1, 2005 Sempra Energy will consolidate its liquefied natural gas (LNG) projects into one business unit and merge its international businesses with a newly designated “pipeline/storage” business unit. Meanwhile, Sempra is pushing ahead with construction of its most advanced LNG project at Costa Azul in North Baja, Mexico.
Sempra Consolidates LNG Businesses; Pushes Ahead on 3 Projects
As part of an internal reorganization, effective Jan. 1, 2005 Sempra Energy will consolidate its liquefied natural gas (LNG) projects into one business unit and merge its international businesses with a newly designated “pipeline/storage” business unit. Meanwhile, Sempra is pushing ahead with construction of its most advanced LNG project at Costa Azul in North Baja, Mexico.
ChevronTexaco Pushes Back Service Date for LNG Terminals
ChevronTexaco has reported that it will delay initial service from its two liquefied natural gas (LNG) import terminals, the Port Pelican terminal located 40 miles offshore Louisiana in Vermilion Block 140 and its Terminal GNL Mar Adentro located offshore Baja California Norte. Both projects had been planned for service in 2007, but now the company is projecting in-service dates later this decade to coincide with the operation of upstream liquefaction projects.