storage

NiSource Gas Transmission & Storage (NGTS) subsidiary Crossroads Pipeline launched an open season for firm transportation service from any existing receipt points to any existing delivery points on its 202-mile gas pipeline from northern Indiana near Chicago into northwestern Ohio, the company said Thursday.

El Paso warned Saturday of potential high-linepack conditions on its system and said its Washington Ranch storage facility was at maximum injections. If the situation failed to improve, El Paso said, declaration of a Pack Strained Operating Condition (SOC) would be required. However, it canceled the SOC warning Monday, citing improved conditions.

Stronger than expected U.S. onshore production growth, elevated Canadian imports and high storage levels led another energy analyst to cut natural gas prices for the second half of 2007 — this time by $1/MMBtu.

Stronger than expected U.S. onshore production growth, elevated Canadian imports and high storage levels led another energy analyst to cut natural gas prices for the second half of 2007 — this time by $1/MMBtu.

Sempra Energy’s multi-billion-dollar bets on expanded liquefied natural gas (LNG), interstate pipeline and storage capacity are coming closer to payoff, and CEO Donald Felsinger assured financial analysts Thursday that all of the critical projects are on track. Leading the way is the $800 million, 1 Bcf/d capacity Costa Azul LNG terminal along the Pacific Coast of North Baja, about 60 miles south of the U.S. border.

As 2008 looms near, Sempra Energy’s multi-billion-dollar bets on expanded liquefied natural gas (LNG), interstate pipeline and storage capacity are coming closer to their initial payoffs, and CEO Donald Felsinger assured financial analysts Thursday that all the critical projects are on track. Leading the way is the $800 million, 1 Bcf/d capacity Costa Azul LNG terminal along the Pacific Coast of North Baja, about 60 miles south of the U.S. border.

Look for lower natural gas prices in the third quarter compared to the second due to high storage inventories, strong production in the Rockies and Texas and liquefied natural gas (LNG) supplies, which tend to peak in the summer months, said Canaccord Adams in a note last week.

Look for lower natural gas prices in the third quarter compared to the second due to high storage inventories, strong production in the Rockies and Texas and liquefied natural gas (LNG) supplies, which tend to peak in the summer months, said Canaccord Adams in a Wednesday note.

National Fuel Gas Supply Corp., the principal pipeline and storage subsidiary of National Fuel Gas Co., said its recent nonbinding open season (see Daily GPI, March 27) to offer 500 MMcf/d of capacity or more to Leidy, PA, and/or the proposed Empire and Millennium interconnects received “robust market interest.” Bids for transportation service totaled nearly 1 Bcf, the company said. Bids included proposed transportation services from gas supply sources in the Appalachian region of western Pennsylvania, the Rocky Mountain basin via Rockies Express at Clarington, OH, and the Market Hub at Leidy. National Fuel said it is assessing what facilities would be required to accommodate the services requested and expects to begin discussions with those who requested service.