Sections

Gulf South Pipeline Co. LP on Friday received authorization from FERC to place into service completed sections of its 242-mile, 1.7 Bcf/d East Texas-to-Mississippi expansion project.

Gulf South Pipeline Co. LP asked FERC Tuesday for authorization to place into service completed sections of its East Texas-to-Mississippi expansion project on Wednesday.

Rep. John Mica (R-FL) Tuesday called on Democrats on the House Energy and Commerce Committee to remove sections in the Coast Guard authorization bill that he says would block imports of liquefied natural gas (LNG) into the United States.

Despite cooling trends in New England and western sections of the Midwest, the cash market continued to find enough power generation load to keep air conditioners humming that rising prices prevailed again at most points Wednesday. The recent trend of mixed price changes continued at least another day as a few Midcontinent and Rockies points ranged from flat to modestly lower.

A widespread heat wave in much of the U.S and some sections of Eastern Canada kept cash prices rising at most points Monday, but there were signs that the continuation of last week’s general rally might be in its final stages. A cooldown of the East loomed on the near-term horizon, and a massive screen plunge Tuesday was considered a good indicator of falling numbers in the physical market Tuesday.

Although cold fronts or snow were in the Friday forecast for sections of all four main geographic regions of the U.S., the fact that unseasonably moderate conditions had returned to the overall weather picture carried the trading day Thursday and resulted in diving prices across the board. The screen’s prior-day plunge of nearly half a dollar and increasing comfort levels about storage put further downward pressure on cash quotes.

With modest increases in cooling load starting to return in sections of the South and West and widespread triple-digit highs continuing to plague the desert Southwest and Midcontinent, a solid majority of points were in rally mode Wednesday. Gains ranged from a couple of pennies at Henry Hub to about 20 cents.

Sections of the market were moving in different price directions again Friday, a day after all points were united in getting crushed. The West and Midcontinent/Midwest, which can expect some heating load as this week begins, saw quotes rise by as much as 60 cents. But the Gulf Coast and Northeast, where temperatures are expected to remain unseasonably mild, recorded losses at most points that ranged to nearly 40 cents.

Sections of the market were moving in different price directions again Friday, a day after all points were united in getting crushed. The West and Midcontinent/Midwest, which can expect some heating load as this week begins, saw quotes rise by as much as 60 cents. But the Gulf Coast and Northeast, where temperatures are expected to remain unseasonably mild, recorded losses at most points that ranged to nearly 40 cents.