Natural gas will play an ever expanding role over the next decade to meet the energy needs of New Brunswick (NB), according to a 10-year energy plan unveiled by the New Brunswick Department of Energy on Wednesday.
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Quoddy Bay LNG Withdraws Maine Permit Requests
After receiving a devastating blow from FERC earlier in the month with relation to its proposal to build a liquefied natural gas (LNG) terminal in Washington County, ME, Quoddy Bay LNG LLC told Maine regulators over the weekend it is withdrawing its request for state permits to build the project, but expects to refile them in the future.
El Paso: Continued Strength in CA Prices Proves Its Case
The continuation of abnormally high gas prices at the Southern California border in relation to prices elsewhere in the country proves El Paso Merchant Energy’s 15-month contract for 1.2 Bcf/d of firm capacity on its affiliate pipeline–El Paso Natural Gas–was not the cause of high prices in the state of California, El Paso Corp. said yesterday. Its critics said, however, the $3.24/MMBtu decline in Southern California bidweek prices, which was much sharper than the declines elsewhere this month, indicates that more competition is helping to drive down prices.