Spells

The writing is on the wall for liquefied natural gas (LNG) in Canada and it spells growth, according to the National Energy Board (NEB). In approving Emera Brunswick Pipeline, the NEB called it a step to use LNG to secure the northeastern United States as an “anchor market” for continued development of gas service on both the American and Canadian Atlantic seaboard.

A cool period in the major cities along the East Coast, Southeast and major California coastal cities, and warmer-than-normal temperatures in the western two-thirds of the nation, with especially warm temperatures in the Plains states can be expected in the coming three months, according to WSI’s seasonal forecast released Tuesday.

In the several documents filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday, Enron Corp. spelled out specifically the terms of its $23 billion merger with Dynegy Corp., noting in one filing that until the merger closes as expected in the third quarter of 2002, “we will continue to deal with one another on a commercial level as competitors, just as we have done in the past,” including its operation of EnronOnline, the leading electronic trading platform in the world.

Further fueling concerns that there may not be enough domesticgas supply to meet a 30 Tcf demand market down the road, a newstudy warns the industry likely will face a shortage of productionpersonnel to explore and drill for natural gas if the current trendtowards consolidation, divestiture and downsizing continues.

Further fueling concerns that there may not be enough domesticgas supply to meet a 30 Tcf demand market down the road, a newstudy warns the industry likely will face a shortage of productionpersonnel to explore and drill for natural gas if the current trendtowards consolidation, divestiture and downsizing continues.

FERC last week approved, subject to modifications, a majorsettlement that spells out how Natural Gas Pipeline Co. of America(NGPL) will auction off long- and short-term transportationcapacity on its system. The decision was seen as a big win for theMidwest pipeline, with the Commission siding with it on keycontested auction-related issues.