Race

The race to bring natural gas to Maine’s Kennebec Valley continues, with Summit Natural Gas of Maine announcing Tuesday that it has begun the build-out of its $350 million transmission and distribution system into the area.

The domestic oil and natural gas development boom tied to the run on shale targets has led to some surprising results in the U.S. Census Bureau population estimates released on Thursday. According to the government agency, “numerous metropolitan statistical areas, micropolitan statistical areas and counties that were among the fastest-growing last year were located in, or at least near, the Great Plains and West Texas.”

Pangea LNG (North America) Holdings LLC, a relative latecomer to the North American liquefied natural gas (LNG) export race, is approaching regulators, and the market, with a smaller, more scalable project on the Texas Gulf Coast that the company’s CEO, an LNG veteran, says has better odds of coming to fruition than some mega project competitors.

Pangea LNG (North America) Holdings LLC, a relative latecomer to the North American liquefied natural gas (LNG) export race, is approaching regulators, and the market, with a smaller, more scalable project on the Texas Gulf Coast that the company’s CEO, an LNG veteran, says has better odds of coming to fruition than some mega project competitors.

Joining the race to transition a fair amount of swaps and over the counter (OTC) business to a cleared futures model before more rules under the Dodd-Frank Wall Street Reform Act take hold in the coming months, CME Group last week launched a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and OTC energy markets.

Joining the race to transition a fair amount of swaps and over the counter (OTC) business to a cleared futures model before more rules under the Dodd-Frank Wall Street Reform Act take hold in the coming months, CME Group on Monday launched a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and OTC energy markets.

For those keeping score of the U.S. liquefied natural gas (LNG) export race, last week saw front-running Cheniere Energy move farther ahead, Sempra Energy expand its roster with some Japanese imports, and backers of Oregon’s Jordan Cove import-export project take a time out and drop its import plans.

At least one knowledgeable handicapper in the liquefied natural gas (LNG) export race in the United States thinks one longshot, the Jordan Cove LNG Project along the south-central Oregon coast, may prove to be a big winner.

At least one knowledgeable handicapper in the liquefied natural gas (LNG) export race in the United States thinks one upcoming long shot, the Jordan Cove LNG Project along the south-central Oregon coast, may prove to be a big winner.