Even though Emera’s Brunswick Pipeline has been under construction since November 2007, the project was dealt a small blow early last week when Canada’s National Energy Board (NEB) decided to reject a portion of the pipeline route based on the objection of Galbraith Construction Ltd. and Galbraith Equipment Co. Ltd.
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Brunswick Pipeline to Serve Canaport LNG Hits NEB Routing Snag
Even though Emera’s Brunswick Pipeline has been under construction since November 2007, the project was dealt a small blow Monday when Canada’s National Energy Board (NEB) decided to reject a portion of the pipeline route based on the objection of Galbraith Construction Ltd. and Galbraith Equipment Co. Ltd.
EIA Reports Low Customer-Choice Participation Despite Price Savings
Participation in natural gas customer-choice programs has slowed considerably over the years, even though buyers of gas from marketers paid less than local distribution company (LDC) customers in most months between 2002 and 2005, the Energy Information Administration (EIA) said in a new report.
EIA Reports Low Customer-Choice Participation Despite Cost Savings
Participation in natural gas customer-choice programs has slowed considerably over the years, even though buyers of gas from marketers paid less than local distribution company (LDC) customers in most months between 2002 and 2005, the Energy Information Administration (EIA) said in a new report.
Despite Bullish Hurricane Forecast, Futures Fall on Easing Tension Abroad
Even though the market was forced to digest a rather bullish 2007 Atlantic hurricane forecast on Tuesday, May natural gas traded to a low of $7.390 on the day before finishing up the regular session at $7.426, down 24.5 cents from Monday’s close.
Gas Futures Unfazed By 259 Bcf Storage Withdrawal
Even though the 259 Bcf storage withdrawal last week failed to match the all-time record weekly withdrawal by a mere 1 Bcf, March natural gas futures failed to rally Thursday after the EIA storage report. Instead, the prompt-month traded in a $7.050 to $7.300 range before settling at $7.292, up 5.1 cents from Wednesday.
Despite Large Storage Withdrawal, Futures Settle Lower
Even though January natural gas futures knee-jerked higher above the psychological $9 level following the 32 Bcf storage withdrawal report Thursday morning, the contract ultimately put in a low of $8.700 before closing at $8.844, down 2.7 cents on the day.
After 18 Months, Exelon and PSEG Still at the Altar
Exelon Corp. and Public Service Enterprise Group Inc. said Monday that even though either could walk away without penalty from their proposed merger beginning Tuesday, June 20, they will both stick it out and work to get the regulatory approvals needed to complete the deal.
Alberta’s Role as International Gas Supplier on the Decline
Alberta’s role as an international natural gas supplier will decline even though its fledgling coalbed methane industry will compensate for dropping conventional production, the province’s chief regulator predicts. In an annual reserves and production review the Alberta Energy and Utilities Board (AEUB) singles out rising home industrial gas demand as the chief cause of the role switch expected over the next 10 years.
Futures Rally on NOAA’s Updated Hurricane Forecast
Even though the National Oceanic and Atmospheric Administration (NOAA) mostly reiterated what has been being said for months, the government agency’s updated 2006 Atlantic hurricane forecast for a “very active” year was enough to spark a short-covering rally in natural gas futures on Monday. As a result, June natural gas, which expires Friday, ended up closing back above $6 at $6.276, up 31.4 cents on the day.