Pushing

The American Public Gas Association (APGA) praised the Bush administration in a letter to the president on Wednesday for providing leadership in pushing through a new roadless rule governing national forest access and management. APGA estimates the new rule will provide access to as much as 11-23 Tcf of natural gas resources that were previously off limits. However, a Department of Agriculture (USDA) official said it is premature to draw that conclusion.

A tightening squeeze by high fuel prices and a regional surplus of generating capacity is pushing Alberta toward adding electricity to its traditional product lines of natural gas and oil as Canada’s principal energy exporting jurisdiction.

After pushing the February contract up to a $6.51 high just after 11 a.m. (EST), gas futures traders encountered a little bit of vertigo in afternoon trading as the market crept lower instead of approaching $7. The prompt month settled 1.5 cents lower at $6.388, while March futures, poised to take over as prompt month in Thursday Access trading, closed down 2.3 cents at $6.421.

A proposed liquefied natural gas (LNG) project emerging in its very early stages through the Oregon energy siting process is being backed by a private group of four natural gas industry veterans who expect to have a FERC application filed next year for a relatively small-scale $150 million receiving terminal and peaking generation plant at Coos Bay, OR.

A proposed liquefied natural gas (LNG) project emerging in its very early stages through the Oregon energy siting process is being backed by a private group of four natural gas industry veterans who expect to have a FERC application filed next year for a relatively small-scale $150 million receiving terminal and peaking generation plant at Coos Bay, OR.

A proposed liquefied natural gas (LNG) project emerging in its very early stages through the Oregon energy siting process is being backed by a private group of four natural gas industry veterans who expect to have a FERC application filed next year for a relatively small-scale $150 million receiving terminal and peaking generation plant at Coos Bay, OR.

Late summer storms weighed on U.S. exploration and production companies in the third quarter, pushing down oil and natural gas output in North America for most of the largest producers. On Friday, ChevronTexaco Corp. and Anadarko Petroleum Corp. both reported strong earnings but mediocre production, while Pioneer Natural Resources reported mediocre income — because of tax changes — but stronger U.S. natural gas output.

Late summer storms weighed on U.S. exploration and production companies in the third quarter, pushing down oil and natural gas output in North America for most of the largest producers. On Friday, ChevronTexaco Corp. and Anadarko Petroleum Corp. both reported strong earnings but mediocre production, while Pioneer Natural Resources reported mediocre income — because of tax changes — but stronger U.S. natural gas output.

Alaska’s natural gas producers and TransCanada Corp. gave high marks Tuesday to Congress for pushing through legislation to award $18 billion in federal loan guarantees for the construction of a mega-gas pipeline from the North Slope to the Lower 48 states, to provide tax incentives for the pipeline, and to expedite and streamline the permitting process (see Daily GPI, Oct. 12).