Recognizes

Canada will stay in the natural gas export trade after all, said the National Energy Board (NEB) in a new 25-year forecast that recognizes emerging unconventional supplies for the first time.

Canada will stay in the natural gas export trade after all, said the National Energy Board (NEB) in a new 25-year forecast that recognizes emerging unconventional supplies for the first time.

Standard & Poor’s (S&P) raised the credit rating on El Paso Corp. and its subsidiaries to “B” from “B-” and on El Paso Energy Credit Corp. to “B+” from “B” which “recognizes the considerable progress that the company has made in reducing exposure to unregulated operations and improving liquidity.” The company’s outlook is positive.

Noting that it recognizes liquefied natural gas (LNG) as a viable supply option that eventually could serve parts of the state’s strongly gas-dependent energy market, the California Public Utilities Commission on April 23 filed a request for rehearing of FERC’s March 24 ruling asserting exclusive jurisdiction over a proposed LNG receiving terminal in Long Beach Harbor.

Noting that it recognizes liquefied natural gas (LNG) as a viable option that eventually could serve parts of the state’s strongly gas-dependent energy market, the California Public Utilities Commission late last Friday filed a request for rehearing of FERC’s March 24 ruling asserting exclusive jurisdiction over a proposed LNG receiving terminal in Long Beach Harbor.