Southern Company Energy Marketing said it opened an energymarketing operation in Western Canada in conjunction with thesigning of an arrangement to manage the business of Pan-Alberta GasLtd. The new marketing operation has about 60 employees, most ofwhom previously worked for Pan-Alberta. Southern Company EnergyMarketing announced in January that it had agreed in principle tomanage the assets of Pan-Alberta, Canada’s second-largest exporterof natural gas. Southern has marketed about 7 Bcf/d, whilePan-Alberta has sold about 1.2 Bcf/d. Pan-Alberta is owned by morethan 400 Western Canada natural gas producers and has nearly US$1.5billion in sales annually. Its assets include long-term dedicatedgas supply arrangements and more than 1.2 Bcf/d of pipelinetransportation capacity.
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Southern Company Energy Marketing said it opened an energymarketing operation in Western Canada in conjunction with thesigning of an arrangement to manage the business of Pan-Alberta GasLtd. The new marketing operation has about 60 employees, most ofwhom previously worked for Pan-Alberta. Southern Company EnergyMarketing announced in January that it had agreed in principle tomanage the assets of Pan-Alberta, Canada’s second-largest exporterof natural gas. Southern has marketed about 7 Bcf/d, whilePan-Alberta has sold about 1.2 Bcf/d. Pan-Alberta is owned by morethan 400 Western Canada natural gas producers and has nearly US$1.5billion in sales annually. Its assets include long-term dedicatedgas supply arrangements and more than 1.2 Bcf/d of pipelinetransportation capacity.
EnergyUSA-TPC Signs Connecticut LDC
EnergyUSA-TPC, a subsidiary of NiSource, is making good use ofits high deliverability storage expertise, signing on to managesupply for utilities and independent generators while a subsidiaryadds new storage facilities in the Northeast and Mississippi.
CMS Scores Deal to Manage Bank One’s Energy
CMS Marketing, Services and Trading, (CMS-MST) has madesignificant additions to its energy services operations recently,signing a five-year energy management agreement with Chicago-basedBank One Corp. last week and expanding its national presencethrough the purchase of Viron Corp. from York International in lateSeptember.
Dynegy-El Paso Deal Breaks Even So far This Year
With San Juan Basin-Southern California border (bidweek) basisaveraging double what it was last year through November-36cents/MMBtu compared with 18 cents-and rising, Dynegy’s $70 milliondeal for 1.3 Bcf/d of El Paso Natural Gas’ firm pipeline capacityis looking better all the time for the company, Dynegy PresidentStephen Bergstrom said in an interview with NGI.
Canadians Soaking Up Sable Gas
Mobil Corp. and Duke Energy announced the signing of additionalmarket agreements with Canadian buyers on Friday for Sable Islandgas production, which is due to come on stream next November withthe completion of the Maritimes & Northeast Pipeline project.
Canadians Soaking Up Sable Island Gas
Mobil Corp. and Duke Energy announced the signing of additionalmarket agreements with Canadian buyers on Friday for Sable Islandgas production, which is due to come on stream next November withthe completion of the Maritimes & Northeast Pipeline project.
Dynegy Unloads More Processing Assets
Dynegy Inc. continued downsizing its field services operationsyesterday by signing an agreement to sell its 56% interest in the85 MMcf/d Roberts Ranch natural gas processing plant in MidlandCounty, TX, to Duke Energy Field Services, which operates two otherplants in Midland.
