Reviewed

In a market environment where the only certainty is that there is none, natural gas wholesale buying requires a philosophy that is constantly reviewed and reiterated to organizational leaders, said Val Trinkley, general manager of EnergyUSA, speaking at GasMart 2008 in Chicago Thursday. The energy marketer with NiSource conducted a workshop on “Natural Gas Risk Management — Developing a Strategy.”

In a market environment where the only certainty is that there is none, natural gas wholesale buying requires a philosophy that is constantly reviewed and reiterated to organizational leaders, said Val Trinkley, general manager of EnergyUSA, speaking at GasMart 2008 in Chicago Thursday. The energy marketer with NiSource conducted a workshop on “Natural Gas Risk Management — Developing a Strategy.”

Alaska officials have reviewed the five applications to build pipeline/liquefied natural gas (LNG) projects that would monetize the state’s vast North Slope gas reserves and selected only one — a proposal from TransCanada Alaska Co. LLC and Foothills Pipe Lines Ltd. — as being compliant with requirements of the Alaska Gasline Inducement Act (AGIA).

Alaska officials have reviewed the five applications to build pipeline/liquefied natural gas (LNG) projects that would monetize the state’s vast North Slope gas reserves and last week selected only one — a proposal from TransCanada Alaska Co. LLC and Foothills Pipe Lines Ltd. — as being compliant with requirements of the Alaska Gasline Inducement Act (AGIA).

During the period under investigation in 2000 El Paso’s basis traders reviewed prices prior to submission to index publishers and could change them, former El Paso trader Alison Reitze testified in the fifth day of the Houston trial of Michelle Valencia, a former Dynegy trader, and former El Paso trader Greg Singleton on charges of attempting to manipulate the natural gas market..

The contract between Alaska and three producers for the Alaska Natural Gas Pipeline, currently being reviewed by the state legislature (see Daily GPI, May 26), will likely be getting more scrutiny now that contract opponent Tony Knowles has announced his candidacy for governor.

A group of attorneys general from the Midwest has reviewed the operation of natural gas markets and found “…that a complex spiral of factors has been driving [natural gas] prices to unprecedented and unjustified levels” and “the most troubling aspect of natural gas trading is that policymakers really cannot decipher what goes on….”

Alaska Gov. Frank H. Murkowski said the state has reviewed and accepted TransCanada Corp.’s application to negotiate a contract to build a natural gas pipeline from the North Slope under the state’s Stranded Gas Development Act.

Alaska Gov. Frank H. Murkowski said the state has reviewed and accepted TransCanada Corp.’s application to negotiate a contract to build a natural gas pipeline from the North Slope under the state’s Stranded Gas Development Act.