The natural gas industry has urged FERC to tread cautiously as it proceeds to repeal market behavior rules that were adopted in the wake of the California energy crisis and replace them with proposed broader anti-manipulation regulations.
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FERC Warned to Tread ‘Lightly’ in Adjusting Quality Specs to Accommodate LNG
With liquefied natural gas (LNG) expected to become a “key piece of the supply picture” in the United States, a Shell executive last Tuesday called on the Federal Energy Regulatory Commission to consider adjusting quality specifications so that Btu-enriched regasified gas can substitute for conventional dry gas in the transportation system without causing “any appreciable change in burner performance or safety of product.”
FERC Warned to Tread ‘Lightly’ in Adjusting Quality Specs to Accommodate LNG
With liquefied natural gas (LNG) expected to become a “key piece of the supply picture” in the United States, a Shell executive on Tuesday called on the Federal Energy Regulatory Commission to consider adjusting quality specifications so that Btu enriched regasified gas can substitute for conventional dry gas in the transportation system without causing “any appreciable change in burner performance or safety of product.”
Traders Tread Lightly Ahead of Weekend; Futures Dip 2.3 Cents
Despite undeniably bearish medium-range weather forecasts, natural gas futures eased only slightly Friday as traders were hesitant to short the market for fear they would receive a bullish surprise Monday morning.
Northeast Prices Sink as Other Points Tread Water
While the American Gas Association (AGA) report loomed at theend of Wednesday’s trading, moderate temperature forecasts and theeasing of New England and New York electricity jams were enough tocause drops of more than a nickel in the Northeast. The New Yorkcitygate ended the day in the mid $2.50s after ascending to the mid$2.70s on Monday.
Voyageur Crosses the Wrong Landowner
Like a grizzly bear accidentally stepping on a porcupine, VikingVoyageur seems to have tread on a Wisconsin landowner whose husbandhappens to be a Noble Prize winning economist with a dislike ofpipeline infrastructure. In testimony filed at FERC on behalf ofhis wife Katherine D. Miller, Merton H. Miller, McCormickDistinguished Service Professor of Finance, Emeritus, of theGraduate School of Business, University of Chicago, warned theCommission if its goal in approving new pipelines is to benefitconsumers then it should toss the Voyageur project.