Transco

Weekend prices shot up as high as a little more than 40 cents (Transco Zone 6-NYC) Friday as traders heeded forecasts of seriously colder weather in several market areas early this week. The previous day’s screen gain of 20.3 cents added to the overall bullishness, a couple of sources said.

Weekend prices shot up as high as a little more than 40 cents (Transco Zone 6-NYC) Friday as traders heeded forecasts of seriously colder weather in several market areas early this week. The previous day’s screen gain of 20.3 cents added to the overall bullishness, a couple of sources said.

Three Gulf of Mexico gas producers have called on FERC to approve “as soon as possible” a pipeline expansion proposed by Discovery Gas Transmission LLC and affiliate, Discovery Producer Services LLC, which they say will offer greater market access for their supplies.

Three Gulf of Mexico gas producers have called on FERC to approve “as soon as possible” a pipeline expansion proposed by Discovery Gas Transmission LLC and affiliate Discovery Producer Services LLC, which they say will offer greater market access for their supplies.

Northern Natural Gas declared a System Overrun Limitation for all market-area zones effective Thursday.

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.

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.

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.

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.