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Citing Northeast market need and perhaps ignoring the track record of other recent projects in the area, TransCanada Corp. and Shell US Gas & Power LLC announced plans for a deepwater liquefied natural gas (LNG) import terminal about 11 miles off the coast of Connecticut and nine miles offshore Long Island in Long Island Sound.

Citing Northeast market need and perhaps ignoring the track record of other recent projects in the area, TransCanada Corp. and Shell US Gas & Power LLC announced plans for a deepwater liquefied natural gas (LNG) import terminal about 11 miles off the coast of Connecticut and nine miles offshore Long Island in Long Island Sound.

Marathon Oil Corp. last week said it signed an agreement with BP Energy Co. to receive 58 Bcf of natural gas annually in the form of liquefied natural gas (LNG) for a minimum term of five years beginning in mid-2005.

Marathon Oil Corp. said Tuesday it signed an agreement with BP Energy Co. to receive 58 Bcf of natural gas annually in the form of liquefied natural gas (LNG) for a minimum term of five years beginning in mid-2005.

Just one day after it appeared that the central Gulf of Mexico would receive the brunt of Hurricane Ivan’s wrath, new forecasts now suggest instead that Florida might be forced to brace for its third powerful storm in a month’s time. The forecast sent natural gas futures sharply lower in afternoon trading Wednesday.

Former Enron Corp. Chairman Kenneth Lay will not receive his requested mid-September trial date. However, the Houston judge presiding over the case said he will likely decide by early October whether Lay will be tried with his alleged co-conspirators, ex-CEO Jeffrey Skilling and former chief accountant Richard Causey.

The Missouri Public Service Commission (MPSC) said that state gas customers can expect to see approximately $30.3 million in refunds stemming from cases involving Kansas ad valorem (property) taxes unlawfully collected during the period of 1983 through 1988 by natural gas producers from Southern Star Central Gas Pipeline (formerly Williams) and Panhandle Eastern Pipe Line customers.

The Missouri Public Service Commission (MPSC) said Tuesday that state gas customers can expect to see approximately $30.3 million in refunds stemming from cases involving Kansas ad valorem (property) taxes unlawfully collected during the period of 1983 through 1988 by natural gas producers from Southern Star Central Gas Pipeline (formerly Williams) and Panhandle Eastern Pipe Line customers.

After nailing two weeks ago in his forecast that New England would receive a large arctic push last week (see Daily GPI, Jan. 7), Joe Bastardi, senior meteorologist for AccuWeather.com, said Tuesday that the region is not out of the woods yet.