Stated

In last Thursday’s story titled “Senate Amendment Would Preserve FERC’s Market Authority” (see Daily GPI, May 20), NGI incorrectly stated that both the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission carried out legal action against Amaranth Advisors LLC and its principal over the manipulation of gas futures prices in 2006. Both agencies have carried out legal action only against Amaranth Advisors LLC. NGI regrets the error.

In the June 23 article titled “UNG Seeks Removal of Trading Limits” it was incorrectly stated that the United States Natural Gas Fund (UNG) at the close of business Monday held a total of 229,890 August futures contracts on IntercontinentalExchange (ICE) and 97,746 August swaps contracts. The 229,890 contracts on ICE are swaps, not futures, and the 97,746 swaps contracts are New York Mercantile Exchange swaps. NGI regrets the errors.

In a Jan. 28 story entitled “LNG Regasified in Canada Heads for U.S. Northeast by 2009” (see NGI, Jan. 28), NGI incorrectly stated that EnCana Corp.’s proposed Deep Panuke project offshore of Nova Scotia remained in the planning stages with no immediate decision to start construction on the horizon. In fact, Deep Panuke was sanctioned for development by EnCana’s board of directors in October 2007 (see NGI, Oct. 27, 2007) and is proceeding to construction, with first gas expected in 2010. NGI regrets the error.

In a Jan. 28 story entitled “LNG Regasified in Canada Heads for U.S. Northeast by 2009” (see Daily GPI, Jan. 28), NGI incorrectly stated that EnCana Corp.’s proposed Deep Panuke project offshore of Nova Scotia remained in the planning stages with no immediate decision to start construction on the horizon. In fact, Deep Panuke was sanctioned for development by EnCana’s board of directors in October 2007 and is proceeding to construction, with first gas expected in 2010. NGI regrets the error.

The widow of Enron Corp. founder Kenneth Lay stated in a court filing in Houston Friday that her husband never committed any crimes, and she is entitled to keep all of the property and money that the government is seeking from his estate.

With a stated goal of offering people within the energy industry a way to reduce the burden of rolling index commodities forward every month while also allowing them to track the effects of contango and backwardation in the crude markets, the New York Mercantile Exchange Inc. (Nymex) said last week that it plans to launch the MACI futures and the Backwardation-Contango index futures contracts in February 2008.

With a stated goal of offering people within the energy industry a way to reduce the burden of rolling index commodities forward every month while also allowing them to track the effects of contango and backwardation in the crude markets, the New York Mercantile Exchange Inc. (Nymex) said Monday it plans to launch the MACI futures and the Backwardation-Contango index futures contracts in February 2008.

The report “Spectra Outlines Growth Projects” on May 14 should have stated that Spectra’s Southeast Supply Header is scheduled to be completed in the summer of 2008 (not 2009).

The report “Spectra Outlines Growth Projects” on May 9 should have stated that Spectra’s Southeast Supply Header is scheduled to be completed in the summer of 2008 (not 2009).