NYC Leads Northeast Uprising; Other Regions Mildly Softer

The Big Apple was where the big prices were Monday. Transco’s Zone 6-New York City pool spiked as high as $18 and rose more than $2 on average to lead more modest gains at most other Northeast points as a new winter storm took aim at southern portions of the region. However, spreading cold in the rest of the U.S. gave little price support to the general market, which ranged from a few cents higher to down about 15 cents.

January 27, 2004

Transportation Notes

Florida Gas Transmission has begun unscheduled maintenance on one of the two compressor units at its Transco St. Helena interconnect in South Louisiana, requiring a reduction of capacity at the point to 15,000 MMBtu/d starting Wednesday. Current estimates indicate that the unit will be down for seven to eight days, FGT said.

December 1, 2003

Transportation Notes

Transco lifted Wednesday a systemwide Imbalance OFO that had taken effect Feb. 27 (see Daily GPI, Feb. 27). The pipeline continues to bar scheduling of make-up delivery transactions and to enforce a 1% tolerance on negative imbalances at pooling points.

March 6, 2003

Transportation Notes

As it had warned might be necessary (see Daily GPI, Feb. 26), Transco said a systemwide Imbalance OFO will take effect with the start of Thursday’s gas day. Limits on imbalance delivery make-up nominations and pooling point tolerances remain in effect until further notice. The OFO limits negative daily imbalances to 5%. Positive imbalances are not subject to OFO provisions.

February 27, 2003

Weather Forecasts Expected to Keep Prices on the Rise

A mild retreat of a dime or more at Transco Zone 6-NYC, Algonquin citygate and Tennessee Zone 6 were exceptions to Thursday’s upticks that ranged from minimal (San Juan-Blanco) to about half a dollar (Niagara, Dawn). Most gains were between about a dime and a little more than 30 cents, with those of 20-30 cents being most common.

February 21, 2003

Transportation Notes

Transco will perform piping modifications at North Padre Island Block A42 beginning Thursday. The work is expected to last two days; during that time no flow will be allowed at North Padre Island Blocks 892/893 and A12 or at Mustang Island Blocks 31A and 31B.

November 19, 2002

Transportation Notes

Initial work was completed early this month on Transco’s McMullen Lateral in South Texas in conjunction with a state highway widening project (see Daily GPI, Sept. 19), but additional maintenance will be required Wednesday and Thursday. All flows upstream of Milepost 47.866 on the lateral will be shut in at that time, affecting about 35 MMcf/d. See the bulletin board for a list of affected points.

October 16, 2002

Transportation Notes

Transco completed construction work at Station 35 and station capacity was nearly back to normal as of Friday afternoon, a spokeswoman said. The project, which was causing an allocation bottleneck at downstream Station 40, began in May and was originally scheduled to end July 1 but got delayed (see Daily GPI, July 23). There will be additional commissioning outages in coming weeks that will restrict Station 40 capacity temporarily, but most will be only one day long, the spokeswoman said.

August 5, 2002

Nymex Plans Clearing Services for OTC Energy Contracts May 31

The New York Mercantile Exchange (Nymex) will launch over-the-counter (OTC) energy clearing services for 25 of the most commonly traded OTC energy contracts, giving the energy markets new products to trade, much needed trading security and new trading flexibility. Nymex plans to launch the services on May 31.

May 20, 2002

Transco Puts Sundance Expansion In Service

Transcontinental Gas Pipe Line has placed its Sundance Expansion Project into service, increasing capacity by more than 236,000 Dth/d mainly for traditional markets and new power plants in Georgia and the Carolinas. The project includes four pipeline loops, totaling 38 miles, along the company’s existing mainline system and 41,225 hp of compression at two existing compressor stations in Georgia — Station 115 in Coweta County and Station 125 in Walton County.

May 6, 2002