Testimony

Gas from the far North cannot arrive too soon in southern markets, according to testimony offered in a rate case before the National Energy Board by TransCanada PipeLines Ltd., which said it faces increasing “supply risk.”

Following closely on the heels of Federal Reserve Chairman Alan Greenspan’s pro-LNG testimony before a House panel, Cheniere Energy Inc. said that it has closed the formation of its partnership with BPU LNG, an affiliate of Sherwin Alumina, to build an LNG receiving facility on a site adjacent to the Sherwin Alumina plant in Corpus Christi, TX. The partnership was first announced in mid-May (see NGI, May 19).

Following closely on the heels of Federal Reserve Chairman Alan Greenspan’s pro-LNG testimony before a House panel, Cheniere Energy Inc. said Friday that it has closed the formation of its partnership with BPU LNG, an affiliate of Sherwin Alumina, to build an LNG receiving facility on a site adjacent to the Sherwin Alumina plant in Corpus Christi, TX. The partnership was first announced in mid-May (see Daily GPI, May 16).

After listening to weeks of confusing and often mind-numbing testimony, FERC Chief Administrative Law Judge Curtis Wagner Jr. tossed parties a curve last week when he “strongly encourage[d]” them to reach a money settlement in the high-profile dispute in which El Paso Corp. affiliates are accused of engaging in illegal activity to inflate prices for natural gas in the California market.

The Federal Energy Regulatory Commission last week announced itwill hold a symposium later this month to address reform of itscomplaint procedures.