Station

Looking to jump on the “green train” before it leaves the station, a former UBS banker has assembled experts from Goldman Sachs, Citi, Morgan Stanley and Barclays to form Greentech Capital Advisors (GCA), an alternative energy and cleantech-focused investment bank.

Looking to jump on the ‘green train’ before it leaves the station, a former UBS banker has assembled experts from Goldman Sachs, Citi, Morgan Stanley and Barclays to form Greentech Capital Advisors (GCA), an alternative energy and cleantech-focused investment bank.

CIG canceled Wednesday the force majeure that it had declared Feb. 25 at Kim Compressor Station near the Picketwire Constraint point (PWC) in southern Colorado following an unforeseen mechanical outage of one compressor unit. Capacity at PWC was restored to 414 MMcf/d from 355 MMcf/d, CIG said.

Rockies Express (REX) said it has postponed until March previously scheduled Feb. 24-25 maintenance at its Lost Creek booster station, which will affect nominations at the Lost Creek Sweetwater location. REX will post the new dates for this outage in its March maintenance schedule.

Due to the loss of compression and capacity, Sabine Pipe Line declared a force majeure Wednesday as it removed the unit at the Port Neches Compressor Station in Jefferson County, TX, from service for needed maintenance. Repairs are expected to be completed within 48 hours, Sabine said. Three points are affected by the work.

Northwest, which began anomaly repairs Tuesday near the Muddy Creek Compressor Station, said primary firm nomination requests through the Muddy Creek South Constraint Point had exceeded the available capacity of 160,000 Dth/d. Therefore it notified shippers of a Declared Deficiency Period that is expected to remain in effect through Friday. Based on a design capacity of 513,000 Dth/d, the Daily Deficiency Volume is 353,000 Dth/d, Northwest said.

ANR said it has begun engine maintenance at the Greenville (MS) Compressor Station, which is reducing total Southeast Mainline capacity by 300 MMcf/d (leaving 985 MMcf/d available) through Monday. Based on current nominations, ANR said, it is anticipated that the reduction may result in the curtailment of Interruptible and Firm Secondary services. ANR also said that due to unplanned line maintenance at South Marsh Island 10, gas upstream of the offshore platform was required to shut in Tuesday and Wednesday. The action affected five meters.

Southern California Gas did not extend a high-linepack OFO beyond Friday.

After riding the roller-coaster of a session Monday up to a $9.595 high only to return to the station with a 2-cent loss at $9.346, natural gas futures traders were content to mostly sit on the sidelines Tuesday, perhaps in an effort to recover from motion sickness. The April contract traded in a quiet 18-cent range between $9.270 and $9.450 before closing out the day at $9.353, up less than a penny.