Role

If the United States wants to maintain its current standard of living, it will have to become a bigger player in the global gas market by importing more liquefied natural gas (LNG), Federal Reserve Chairman Alan Greenspan told a House panel Tuesday.

As the energy market continues a metamorphosis that began two years ago, energy trading and marketing practices have had to adapt. While some companies in the energy sector are moving away from pure speculative trading and focusing more on hedging and risk mitigation, others are abandoning the business altogether, noted Standard & Poor’s (S&P) analyst Jack Kennedy.

As the energy market continues a metamorphosis that began two years ago, energy trading and marketing practices have had to adapt. While some companies in the energy sector are moving away from pure speculative trading and focusing more on hedging and risk mitigation, others are abandoning the business altogether, noted Standard & Poor’s (S&P) analyst Jack Kennedy.

ChevronTexaco Corp. on Wednesday announced the creation of ChevronTexaco Global Gas (CTGG), a new subsidiary that is expected to play a key role in ChevronTexaco’s strategic plans to commercialize its existing natural gas resource base and enable the creation and development of new natural gas growth opportunities worldwide.

Split by growing philosophical differences and what role markets should play in the state’s energy industry, California regulators earlier this month cranked out actions on a number of seemingly routine issues, but only after much debate and narrow votes.

Split by growing philosophical differences and what role markets should play in the state’s energy industry, California regulators last Thursday cranked out actions on a number of seemingly routine issues, but only after much debate and narrow 3-2 votes won by a majority of the regulatory panel’s three newest members, including its president, Michael Peevey.

Acknowledging the expanding role for liquefied natural gas (LNG) in the U.S. gas supply mix, the Federal Energy Regulatory Commission last week gave a major boost to three LNG projects — Southern LNG Inc.’s expansion of its Elba Island facilities in Georgia, AES Ocean Express LLC’s Bahamian import terminal and Tractebel’s Bahamian terminal — and expressed its support for the gas industry’s continued thrust in this direction.

Acknowledging the expanding role for liquefied natural gas (LNG) in the U.S. gas supply mix, the Federal Energy Regulatory Commission on Wednesday gave a major boost to three LNG projects — Southern LNG Inc.’s expansion of its Elba Island facilities in Georgia, AES Ocean Express LLC’s Bahamian import terminal and Tractebel’s Bahamian terminal — and expressed its support for the gas industry’s continued thrust in this direction.

Not enough hedging and abnormal weather on both coasts played a role in driving Bellevue, WA-based Puget Sound Energy (PSE) to announce Wednesday it was filing with state regulators for about a 17%, or almost $10 monthly, retail natural gas rate increase. Only 25% of the Puget’s supplies were locked in at fixed prices last year, a spokesperson said Thursday in an interview with NGI.