Risks

Questar Corp. CEO Keith Rattie said Wednesday his company’s long-term strategy will continue to focus on the “three Rs” — returns, risks and the Rocky Mountains.

California is taking some risks in sprinting out front in setting energy policy based on global warming assumptions and delaying future benefits for utility consumers from some of these efforts, but the longer term costs of not doing anything would be far greater, according to California’s chief regulator, Michael Peevey. He made this point in a speech Monday to the Edison Electric Institute (EEI) Financial Conference in Las Vegas, NV.

To better manage natural gas prices and volume risks, state regulators should encourage gas utilities to use long-term natural gas contracts for transportation, storage and liquefied natural gas (LNG) services, and should consider requiring utilities to develop long-term strategies for pipeline capacity, gas storage and gas supply acquisitions in the “10-plus year range,” a joint task force of the National Association of Regulatory Utility Commissioners (NARUC) and the Interstate Oil and Gas Compact Commission (IOGCC) recommends in a new report.

KeySpan LNG has significantly understated the costs of implementing security measures to deal with the risks associated with the company’s proposal to upgrade its liquefied natural gas (LNG) storage facility in Providence, RI, to an import terminal, Rhode Island Gov. Donald L. Carcieri said last Thursday. He called on FERC to direct the company to pay additional security-related costs.

KeySpan LNG has significantly understated the costs of implementing security measures to deal with the risks associated with the company’s proposal to upgrade its liquefied natural gas (LNG) storage facility in Providence, RI, to an import terminal, Rhode Island Gov. Donald L. Carcieri said Thursday. He called on FERC to direct the company to pay additional security-related costs.

So far the light is green for Tidelands Oil & Gas’ pipeline, storage and liquefied natural gas (LNG) project across the Texas border in Tamaulipas, Mexico, but the risks of investment in the country’s energy industry have always been high.

So far the light is green for Tidelands Oil & Gas’ pipeline, storage and liquefied natural gas (LNG) project across the Texas border in Tamaulipas, Mexico, but the risks of investment in the country’s energy industry have always been high.

An article published in the Sunday New York Times points out the security risks posed by natural gas pipelines, focusing on a website (www.cryptome.org) that shows a photo purported to be an exposed natural gas pipeline in New York City near the site of the Republican National Convention.

The use of so-called “conservative assumptions” in the study done for FERC on LNG tanker safety has resulted in “unrealistic potential consequences that may unduly alarm the public,” the Center for Liquefied Natural Gas (CLNG) said last week.