Barring a lot of hurricane activity in the Gulf of Mexico this year, it’s unlikely that natural gas prices will rise to the level of 2005 prices, Virginia-based Energy and Environmental Analysis Inc. (EEA) said Wednesday. EEA is forecasting average 2006 Henry Hub prices at around $6.90/MMBtu, or $1.90 lower than the $8.80 average in 2005, with a “significant” rise due in 2007 and 2008.
Virginia
Articles from Virginia
Columbia Puts Five WV Gathering Systems on Block
Columbia Gas Transmission Corp. has put five West Virginia gas gathering pipelines, totaling about 428 miles, along with five compressor stations on the auction block. The company will open a data room on July 10 to provide information to natural gas producers, marketers and others who may be interested in buying any one or all of the five pipeline systems.
Court Admonishes FERC for Not Explaining Decision in Complaint Case
FERC’s failure to explain why it didn’t grant Virginia Natural Gas’ (VNG) request for money damages against Columbia Gas Transmission for breach of pipeline service was both “arbitrary and capricious,” the U.S. Court of Appeals for the District of Columbia Circuit said Friday.
NGI The Weekly Gas Market Report
Dominion Shuts Door on Pursuing Merger; AEP Lukewarm on M&A
A top official with Virginia-based Dominion told a gathering of financial professionals last Tuesday that the energy company is “not interested” in pursuing a merger. Meanwhile, Michael Morris, CEO of American Electric Power (AEP), told the same conference that AEP is “not excited” about merger and acquisition (M&A) activities.
AES’s Bahamas LNG Project May Be Close to Getting Green Light
It appears likely that the government of the Bahamas will soon grant final approval to Virginia-based AES Corp.’s proposed liquefied natural gas (LNG) import project on the man-made industrial island of Ocean Cay. “Had the prime minister not taken ill, it probably would have been done this week,” Leslie Miller, Minister of Trade and Industry for the Bahamas, told NGI in an interview last week.
AES’s Bahamas LNG Project May Be Close to Getting Green Light
It appears likely that the government of the Bahamas will soon grant final approval to Virginia-based AES Corp.’s proposed LNG terminal on the man-made industrial island of Ocean Cay. “Had the prime minister not taken ill, it probably would have been done this week,” Leslie Miller, Minister of Trade and Industry for the Bahamas, told NGI in an interview on Thursday.
Aluminum Producer Says $1M Seams Elimination Charge May Put it Out of Business
A West Virginia aluminum producer last week said it may be forced to close its doors and lay off workers if FERC does not grant it relief from a seams elimination charge adjustment (SECA).
Columbia, Piedmont to Develop New West Virginia Storage Field
Columbia Gas Transmission Corp., a subsidiary of NiSource Inc., has teamed with a subsidiary of Piedmont Natural Gas in announcing an agreement to jointly develop a major new market area underground natural gas storage facility in a depleted natural gas production field in Hardy and Hampshire Counties, WV.
Columbia, Piedmont to Develop New West Virginia Storage Field
Columbia Gas Transmission Corp., a subsidiary of NiSource Inc., has teamed with a subsidiary of Piedmont Natural Gas in announcing an agreement to jointly develop a major new market area underground natural gas storage facility in a depleted natural gas production field in Hardy and Hampshire Counties, WV.
Columbia, Piedmont to Develop New West Virginia Storage Field
Columbia Gas Transmission Corp., a subsidiary of NiSource Inc., has teamed with a subsidiary of Piedmont Natural Gas in announcing an agreement to jointly develop a major new market area underground natural gas storage facility in a depleted natural gas production field in Hardy and Hampshire Counties, WV.