Florida Gas Transmission kept an Overage Alert Day in place through Saturday, then allowed it to expire Sunday.
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Transportation Notes
Pacific Gas & Electric ended a two-day high-inventory OFO on its California Gas Transmission system Sunday, then issued a systemwide Stage 2 low-inventory OFO for Monday. The low-inventory OFO will be allowed to expire Tuesday.
Interior: Disputed Utah Leases May be Reinstated
A report issued by the Interior Department Thursday calls for an expeditious review of the 77 parcels in Utah, which were auctioned in December and then later withdrawn, to determine whether they should be reoffered to producers for oil and natural gas development. It recommends that reinstatement of certain leases may be appropriate following the review.
Transportation Notes
Southern California Gas kept a high-linepack OFO that had been initiated Saturday in effect through Monday, then allowed it to expire Tuesday. However, on Tuesday afternoon the LDC said it was declaring a new high-linepack OFO for Wednesday, setting the imbalance tolerance for positive daily imbalances at 10%.
Transportation Notes
Northern Natural Gas, which had implemented System Overrun Limitations (SOL) last Friday for all market-area zones and for the New Market, MN, #1 Town Border Station and then extended them through the Saturday-Monday period, said Monday it was extending the SOLs again through at least Tuesday.
Outlook: Economists See Shale Production as Damper on LNG
Want to know what the coming years will bring for importation of liquefied natural gas (LNG) to the United States? Then look back at 2008. The gas industry can expect more of the same, according to a model run by two Rice University economists. However, others suggest growth in global LNG production in 2009 will lead to increased U.S. imports.
Outlook: LNG to Get Push-Back from Shale Production
Want to know what the coming years will bring for importation of liquefied natural gas (LNG) to the United States? Then look back at 2008. The gas industry can expect more of the same, according to a model run by two Rice University economists. However, others suggest growth in global LNG production in 2009 will lead to increased U.S. imports.
Transportation Notes
Southern California Gas (SoCalGas) extended Saturday’s high-linepack OFO through Sunday, then ended it Monday. SoCalGas also reported Saturday that it lost 410 MMcf/d of injection capacity when the blowdown relief stack for the main station at its Aliso Canyon storage facility was hit by lightning and caught on fire. The giant LDC said Sunday the fire had been extinguished, and Aliso Canyon personnel would be inspecting the stack for damages and system integrity Monday. It had managed to restore 100 MMcf/d of injection capacity but said full volumes would not be available until the stack is back in service. In order to maximize injection capacity, SoCalGas postponed planned maintenance at its Honor Rancho storage field.
Transportation Notes
Florida Gas Transmission allowed an Overage Alert Day (OAD) to end Saturday, then implemented another one Sunday with 25% tolerance for negative daily imbalances. The OAD was continued through at least Monday with the tolerance tightened to 20%.
Near-Flat Prices Dominant; West Mostly Softer
Flat or near-flat quotes were common in the East while much of the West was racking up some sizeable losses Thursday. Mixed price moves that had been mostly higher the day before became mostly lower as the cash market weighed the potential of Tropical Storm Fay causing offshore shut-ins and prior-day futures support against light cooling load in many areas.