Revise

Shifting global gas supply and demand fundamentals have moved Kitimat LNG Inc. to revise its plans for a liquefied natural gas (LNG) import terminal to instead construct an export terminal near Kitimat, British Columbia (BC), on the Bish Cove site where it had planned to construct the import facility.

Shifting global gas supply and demand fundamentals have moved Kitimat LNG Inc. to revise its plans for a liquefied natural gas (LNG) import terminal to instead construct an export terminal near Kitimat, British Columbia (BC), on the Bish Cove site where it had planned to construct the import facility.

The Securities and Exchange Commission (SEC) is looking for input as it begins the process to revise the reserves disclosure requirements for oil and natural gas producers.

Calgary-based EnCana Corp.’s decision to build its natural gas reserves in East Texas is unrelated to Alberta’s decision to revise the oil and gas royalty regime, the CEO said last week (see related story). However, EnCana CEO Randy Eresman said the Deep Bossier acquisition may affect the company’s spending plans and lead to possible divestitures in 2008.

Calgary-based EnCana Corp.’s decision to build its natural gas reserves in East Texas is unrelated to Alberta’s decision to revise the oil and gas royalty regime, the CEO said Monday (see related story).

The opposition to the Alberta Royalty Review Panel’s proposal to revise the province’s oil and natural gas royalty regime is growing in solidarity, with another producer announcing its intention to reduce spending next year in the province’s oil patch.

FERC Thursday issued proposed rules that seek to revise existing agency regulations to improve the transparency of transportation and sale of wholesale natural gas in the United States.

FERC last Thursday issued proposed rules that seek to revise existing agency regulations to improve the transparency of transportation and sale of wholesale natural gas in the United States.

A group of natural gas producers, municipal gas distributors and industrial customers has called on FERC to revise its final rule reforming the agency’s storage pricing policies to include more protections for customers. Separately the American Gas Association (AGA), which represents local distribution companies (LDCs), asked the agency to consider a less liberal storage policy in the rule.