County officials ran out of time last Monday to hear from all the citizens who wanted to say something about NorthernStar Natural Gas’ proposed Bradwood Landing liquefied natural gas (LNG) terminal along the Columbia River in Oregon, so the public hearing will be continued on Nov. 19. Clatsop County Commissioners are weighing whether to grant NorthernStar zoning changes for the project.
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Chilton: CFTC Preempts All Other Regulators in Futures Market
Congress, in creating the Commodity Futures Trading Commission (CFTC), “wanted to ensure that one expert regulator’s oversight preempted not only other federal regulators, but also state regulators” in the futures market, CFTC Commissioner Bart Chilton said last Tuesday.
Chilton: CFTC Preempts All Other Regulators in Futures Market
Congress, in creating the Commodity Futures Trading Commission (CFTC), “wanted to ensure that one expert regulator’s oversight preempted not only other federal regulators, but also state regulators” in the futures market, CFTC Commissioner Bart Chilton said Tuesday.
Wood Mackenzie: As U.S. LNG Market Grows, Supplies Become More Certain
LNG boosters were ultimately disheartened at the end of 2005 when the United States couldn’t seem to pull in all of the liquefied natural gas (LNG) it wanted. In fact, last year saw a decline in LNG imports from 2004. However, U.S. markets can look forward to more supply security in the coming years, according to Edinburgh, UK-based Wood Mackenzie.
NGI The Weekly Gas Market Report
EnCana Selling Storage Business to Concentrate on North America Upstream
EnCana Corp., which at one time indicated that it wanted to become a leading North American natural gas storage operator, said last week that following a “strategic review” by the board of directors, it will sell nearly all of its gas storage business — 174 Bcf of capacity at five facilities in Alberta, California and Oklahoma — through a competitive auction or an initial public offering (IPO).
MMS Head: Administration Would ‘Seriously’ Review Moratorium if States Seek to Opt Out
The Bush administration “would seriously again study” its own moratorium on oil and natural gas drilling for an individual coastal state if Congress “signified that the state wanted to move off the moratorium,” the head of the Minerals and Management Services (MMS) told a Senate panel last Tuesday.
MMS Head: Administration Would ‘Seriously’ Review Moratorium if States Seek to Opt Out
The Bush administration “would seriously again study” its own moratorium on oil and natural gas drilling for an individual coastal state if Congress “signified that the state wanted to move off the moratorium,” the head of the Minerals and Management Services (MMS) told a Senate panel Tuesday.
NEB Decision Makes TransCanada FT Competitive, Sets New SW Rate Zone
TransCanada PipeLines Ltd. said Friday that it finally got some of what it wanted in a long, hotly-contested rate case before the National Energy Board. On Thursday the NEB approved key components of TransCanada’s 2003 Mainline Tolls application, including an increase in IT floor prices and its depreciation rate, as well as a new Southwest Tolling Zone that will encompass the existing Southwest Delivery Area that is currently part of the Eastern Zone.
NEB Decision Makes TransCanada FT Competitive, Sets New SW Rate Zone
TransCanada PipeLines Ltd. said Friday that it finally got some of what it wanted in a long, hotly-contested rate case before the National Energy Board. On Thursday the NEB approved key components of TransCanada’s 2003 Mainline Tolls application, including an increase in interruptible transportation (IT) floor prices and the pipeline’s depreciation rate, as well as a new Southwest Tolling Zone that will encompass the existing Southwest Delivery Area that is currently part of the Eastern Zone.
Dynegy Exits Trading, But Other Names Emerge
What a difference a year makes. As if anyone wanted to be reminded, it was Oct. 16, 2001 when Enron Corp. released its third-quarter earnings, boasting of continued growth, despite a billion-dollar write-off. Within weeks, that incidental write-off that was barely discussed during a conference call with analysts by then-CEO Ken Lay, eventually would erase the entire company (see NGI, Oct. 22, 2001). Fast forward to one year later, and despite its disappearance, Enron’s once mighty shadow continues to darken the marketplace.