In the energy industry’s version of a pas de deux, France’slargest oil company, TotalFina, and Elf Aquitaine last weekacquiesced to a friendly merger after a two-month tussle over whowould acquire whom.
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First Gas Tapped and Delivered in Canadian Arctic
Canada’s Far North was the scene Friday (Sept. 10) of anatural-gas industry version of the small step for man but giantleap for mankind on the moon 30 years ago.
First Gas Tapped and Delivered in Canadian Arctic
Canada’s Far North was the scene Friday (Sept. 10) of anatural-gas industry version of the small step for man but giantleap for mankind on the moon 30 years ago.
A Gas-Friendly Electric Bill
The draft version of Rep. Joe Barton’s (R-TX) much-anticipatedretail electric legislation that was unveiled last week appears tobe most notable for the two things that were missing from it – arenewable-fuel mandate and a date-certain.
Industry Briefs
Southern California Gas Co. (SoCalGas) launched its newestversion of GasSelect, an automated gas scheduling and energymanagement system. The e-commerce application is available tosubscribers through www.gasselect.com for real-time submission ofgas nominations, trading gas delivery imbalances in a secondarymarket, and for gas consumption information from electronic metersinstalled at customer sites. GasSelect is used to manage thedelivery of 1 Tcf into Southern California for both SoCalGas andSan Diego Gas & Electric.
Tennessee Files Tiny Eastern Express Project
Tennessee Gas Pipeline filed a significantly scaled-down versionof its Eastern Express Project 2000 last week, reporting thateastern markets have been slow to develop and many New Englandpower generators believe it would be premature to sign long-termcontracts for firm gas transportation. The pipeline’s applicationwith FERC calls for the addition of only 168 MMcf/d of capacityalong the northernmost part of its system at a connection with theJoint Facilities of the PNGTS and Maritimes & Northeastpipelines.
Price Rally Resembles Smaller Version of Last Week’s
The cash market started out this week looking remarkably similarto the way it did last week, but on a reduced scale. Because pricesweren’t digging out from nearly as deep a weekend hole as the oneof Dec. 5-7, Monday’s increases weren’t quite as spectacular asthose from the previous week but were still significantnonetheless.
Great Lakes Files $620 Million Expansion
Great Lakes Gas Transmission filed a large but downsized versionof its original 1999-2000 expansion project with FERC last Fridayon behalf of a single shipper, TransCanada PipeLines. The projectis expected to cost $620 million and begin operating in November2000. The Great Lakes 300 Expansion will involve the addition of260 miles of 36-inch diameter pipeline loops, including a newunderwater crossing of the Straits of Mackinac, and seven newcompressors adding 180,000 hp of compression. Great Lakes’ systemcurrently transports about 2 Bcf/d of Canadian gas from Emerson,MB, through Minnesota, Wisconsin and Michigan.