NorthernStar Natural Gas Co. was neither surprised nor concerned by reports surfacing late in June that a local planning/zoning review could delay permitting of its proposed liquefied natural gas (LNG) receiving terminal along the Columbia River in Oregon. Senior Vice President Joseph Desmond told NGI Thursday he welcomes the critical look at the company’s plans.
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NorthernStar Unfazed by Issues Raised in Oregon LNG Plans
NorthernStar Natural Gas Co. was neither surprised nor concerned by reports surfacing late in June that a local planning/zoning review could delay permitting of its proposed liquefied natural gas (LNG) receiving terminal along the Columbia River in Oregon. Senior Vice President Joseph Desmond told NGI Thursday he welcomes the critical look at the company’s plans.
Western Trading Class Action a Follow Up to CA Border Cases
The latest surfacing of a class action lawsuit stemming from widespread allegations of western wholesale energy market manipulation going back seven or eight years is a low-profile second cousin to the multi-billion-dollar California-Arizona border price-focused cases targeting Sempra Energy and El Paso Natural Gas Co., both of which have been settled (see Daily GPI, June 26). This case is about alleged wholesale gas trading transgressions — not playing with interstate pipeline capacities to spike prices.
Most Points Still Rising, But Signs of Softness Appear
The September aftermarket opened with cash quotes continuing to move higher at a large majority of points Wednesday, but hints were surfacing that this week’s Hurricane Katrina-inspired bull run may have run its course. A modest recovery from massive offshore production outages had begun, and although the near-term Gulf of Mexico (GOM) supply picture remained murky, there were some perceptions that things might not be as bad as they had appeared as recently as Tuesday.
Prices Rise Again, But May Have Peaked
The rise in cash prices — prompted by widespread heat waves and a lengthy string of futures advances — continued Wednesday, but signs were surfacing that Wednesday likely represented the market’s peak this week and softness would be setting in Thursday.
Heat, Tropical Depression Boost Most Prices
With hot weather-driven power generation load remaining high and news surfacing of a low-pressure area in the northwestern Caribbean Sea that could develop into a storm threatening Gulf of Mexico production, prices ranged from flat to about 15 cents higher at nearly all points Wednesday.
Mitsubishi Makes FERC Filing for Long Beach, CA, LNG Terminal
With some of the first rumblings of local opposition surfacing with major local news media attention, Mitsubishi Corp.’s U. S. subsidiary, Sound Energy Solutions (SES), Monday filed at FERC seeking an environmental impact report on its proposed liquefied natural gas (LNG) receiving terminal in Long Beach Harbor, 25 miles southeast of downtown Los Angeles.