Sonat implemented an OFO Type 6 for short imbalances Sunday, then canceled it at the start of Monday’s gas day. The pipeline last week had said it expected repairs to its Hurricane Ivan-damaged South Pass 60 line to last through Feb. 5 (see Daily GPI, Jan. 25), during which it is unable to receive gas at Main Pass 116. Citing delays created by strong water currents, Sonat estimated Monday that the return to service of Main Pass 116 is now around Feb. 10. “Once again, there are many variables when making repairs offshore. Therefore, this schedule could change,” Sonat added.
Then
Articles from Then
Transportation Notes
Florida Gas Transmission let last week’s Overage Alert Day notices lapse Saturday, then implemented new ones Sunday and Monday. Monday’s tolerance for negative daily imbalances was 15%.
Transportation Notes
Southern California Gas kept a high-linepack OFO issued for Thursday in place through Sunday, then lifted it Monday.
Transportation Notes
Southern California Gas kept a high-linepack OFO issued for Thursday in place through Sunday, then lifted it Monday.
December Futures Find $9.21 Resistible Again
After opening higher Monday, then revisiting the $9.20 high from last Thursday, December natural gas futures fell for the remainder of the session to settle at $8.72, down a half of a cent from Friday’s close.
December Futures Find $9.21 Resistible Again
After opening higher Monday, then revisiting the $9.20 high from last Thursday, December natural gas futures fell for the remainder of the session to settle at $8.72, down a half of a cent from Friday’s close.
Transportation Notes
Southern California Gas extended Saturday’s high-linepack OFO through Sunday, then lifted it for Monday.
FERC Tackles Waiver/Exemption Requests as Standards of Conduct Take Effect
With the expanded standards of conduct poised to take effect Wednesday (Sept. 22), the Federal Energy Regulatory Commission has responded to a host of requests for waivers and exemptions from all or some of the requirements under the standards of conduct governing the relationships between regulated natural gas/electric transmission providers and their affiliates.
Transportation Notes
Westcoast restored its normal 10% pack/10% draft imbalance tolerance range Thursday after having set it at zero/20% and then 5%/15% previously to encourage drafting of the system because of high linepack.
Futures Rally, Then Retreat as Traders Track Tropical Storms
Boosted by the bullish combination of hurricane fears and Gulf-area production curtailments, the natural gas futures market surged higher early Tuesday on waves of commercial and local-trader buying. After gapping higher at the opening bell, the September contract shot to a new one-week high at $5.96 as all eyes were watching the development of Tropical Storm (TS) Bonnie in the Gulf of Mexico.