Running

Falcon Gas Storage Co. Inc. is running an open season through May 16 for expanded capacity at its Hill-Lake Gas Storage Facility in Eastland County, TX. The high deliverability, multi-cycle (HDMC) facility will serve markets in the Dallas-Fort Worth area as well as other parts of Texas.

In a switch from several long-running System Overrun Limitations implemented during this past cold winter, Northern Natural Gas said late Thursday afternoon it is issuing a System Underrun Limitation for all market areas (ABC, D and E/F), to become effective Saturday.

Algonquin lifted Monday a long-running ban on accepting due-shipper imbalance make-up nominations, leaving no restrictions in place on its system.

While the National Oceanic and Atmospheric Administration (NOAA) continues to see a moderating influence of El Nino producing warmer than normal winter temps across the northern half of the country straight on through March 2003, other forecasters are pointing out that prediction has been wrong so far and will continue to be wrong.

While the National Oceanic and Atmospheric Administration (NOAA) continues to see a moderating influence of El Nino producing warmer than normal winter temps across the northern half of the country straight on through March 2003, other forecasters are pointing out that prediction has been wrong so far and will continue to be wrong.

After opening unchanged and checking sideways for the first hour of trading Friday, natural gas futures rocketed higher between 11 a.m and 12:40 p.m. EST as sellers backed away from the market and buyers became more aggressive.

Having lifted a long-running Overage Alert Day notice last Thursday, Florida Gas Transmission reinstated the notice Tuesday with 5% tolerance for negative daily imbalances. FGT also advised customers that operator Northern Natural Gas was having problems with high liquids on the Matagorda Offshore Pipeline System (MOPS) and that Tuesday’s Intra-Day One volumes would be one-third of previously scheduled quantities at FGT’s MOPS interconnect in Matagorda County, TX. NNG had said Friday that a MOPS pig run was scheduled Monday through Thursday of this week from Platform 686 to Tivoli, TX. “If liquids come in greater than Tivoli can handle, it is a possibility that volumes coming in from the Tivoli system may have to be shut in until liquids have cleared up,” according to the announcement.

ConocoPhillips, operator of the long-running LNG liquefaction plant on the Kenai Peninsula, AK, announced it has renewed its agreement with Bechtel Corp. to collaborate in pursuing worldwide LNG projects.

The first two gas storage caverns at the Keystone Gas Storage Project near Kermit, TX are up and running, offering 2 Bcf of high deliverability salt cavern gas storage capacity, according to Unocal Keystone Gas Storage LLC. The project, which became operational in late August, has the capacity to inject 100 MMcf/d and to withdraw 200 MMcf/d.