Unforeseen

Friedman, Billings, Ramsey & Co. (FBR) last week said it remains “bullish on 2007 in aggregate” because of unforeseen events such as weather, but analysts still cut their 2007 natural gas price forecast to $7.60/Mcf from $8 and reduced their 2Q2007 gas benchmark assumption to $7.20/Mcf from $8. A.G. Edwards, & Sons Inc., meanwhile, said temporary shifts in gas prices because of weather and other events are to be expected, but prices likely will range around $7.75/Mcf in 2007 and $7.50 in 2008.

ANR Pipeline said that due to an unforeseen engine outage at Patterson Compressor Station it will need to restrict the Patterson-to-Eunice delivery capacity in Louisiana to 650,000 Dth/d through July 17. Based on current nominations, the reductions are expected to result in the curtailment firm secondary and IT nominations.

ANR Pipeline said an unforeseen engine outage at its Patterson compressor station will lead to restrictions in the Southeast Gathering Area. Patterson to Eunice delivery capacity will be reduced to 650,000 Dth/d through Friday. Based on current nominations ANR said it anticipates that the reductions will result in the curtailment firm secondary and interruptible nominations.

Absent some unforeseen fuel supply or delivery constraints, electric generating capacity this winter should be adequate to meet the demand for power throughout North America, according to the latest winter assessment report by the North American Electric Reliability Council (NERC).

Short of an abrupt and unforeseen big drop in wholesale natural gas prices, liquefied natural gas (LNG) imports promise to be a huge stimulus to investment in new natural gas infrastructure, according to the strategy outlined by Sempra Energy COO Donald Felsinger, who spoke Tuesday at the Merrill Lynch “Power & Natural Gas Leaders Conference” in New York City.

Short of an abrupt and unforeseen big drop in wholesale natural gas prices, liquefied natural gas (LNG) imports promise to be a huge stimulus to investment in new natural gas infrastructure, according to the strategy outlined by Sempra Energy COO Donald Felsinger, who spoke Tuesday at the Merrill Lynch “Power & Natural Gas Leaders Conference” in New York City.

Due to unforeseen riser repairs required at ANR’s Eugene Island 371 platform, production from Green Canyon 237 and Eugene Island 341 and 371 was shut in Tuesday for work that is expected to take about 10 days.

Due to unforeseen problems with the #4 unit at Custer Station (see Daily GPI, Aug. 27), Reliant’s capacity on Line 2 will remain limited to 110,000 dth/day for an undetermined amount of time, the pipeline said Thursday. It also declared a force majeure due to unscheduled repairs on Delhi Compressor Station, which have limited deliveries to Columbia Gulf at Delhi to 240,000 Dth/d since Wednesday morning. Reliant estimated the Delhi repairs could take up to two days.

Barring an unforeseen loss of equipment, the Northeast — having recently fought off broiling temperatures and soaring demands for electricity — should be able to successfully make it through the rest of this summer, according to Tim Gallagher, manager of technical services at the North American Electric Reliability Council (NERC).