Renew

ConocoPhillips has asked the Department of Energy (DOE) to renew its authorization to export liquefied natural gas (LNG) from the terminal facilities owned by Freeport LNG Development LP on Quintana Island, TX.

FERC has blocked Kern River Gas Transmission’s attempt to force shippers within the same class whose contracts are expiring to agree to renew for the same term or face higher rates.

FERC has blocked Kern River Gas Transmission’s attempt to force shippers within the same class whose contracts are expiring to agree to renew for the same term or face higher rates.

Sen. Bill Nelson (D-FL), a foe of drilling offshore Florida, has asked President Bush not to renew an international agreement that allows for oil and natural gas drilling in Cuban waters within 50 miles of the Sunshine State’s coastline.

Sen. Bill Nelson (D-FL), a foe of drilling offshore Florida, has asked President Bush not to renew an international agreement that allows for oil and natural gas drilling in Cuban waters within 50 miles of the Sunshine State’s coastline.

Dallas-based independent oil and gas producer Basa Resources has decided to renew its electricity contract with Suez Energy Resources NA, the U.S. retail energy business of Suez Energy North America, through 2014. Suez Energy Resources will provide electricity service to Basa Resources electric accounts serving oil and gas wells in the Oncor territory in West Texas with a peak demand of more than 25 MW. Terms of the agreement were not released. Basa’s original contract with Suez Energy Resources is due to expire in mid-2009. Suez Energy Resources serves commercial and industrial customers with peak demands ranging from 50 KW to more than 200 MW in nine states and the District of Columbia.

Florida Gas Transmission had Overage Alert Day notices in place Saturday and Sunday with 25% tolerances for negative daily imbalances, but did not renew the notice Monday.

The generating capacity boom may have crash landed, but energy markets should begin to renew their interest in building as soon as 2007, according to a report by Energy Security Analysis Inc. (ESAI). However, the Wakefield MA-based analysts said actual market conditions to support cash flow needs for new generators may not return until 2009.

In a move to renew PG&E Corp.’s focus entirely on NorthAmerican markets, the utility holding company sold its natural gastransmission pipeline, related facilities and energy tradingoperations in Queensland, Australia to Duke Energy International,LLP.