Ways

The House Ways and Means Committee completed its mark-up of a much-leaner energy tax package Wednesday, accepting Chairman Bill Thomas’s (R-CA) mark and rejecting all amendments, a committee aide said.. The Joint Committee on Taxation has estimated the tax portion of the energy bill will cost the Treasury $8.1 billion between 2005 and 2015, which is less than one third of the cost of the energy tax breaks and incentives approved by the House in late 2003.

Crude oil futures continued their recent record-setting ways Tuesday, jumping more than a dollar to $51.09/bbl — the first daily settlement ever above $51. And although some natural gas traders may have felt it was akin to comparing apples with oranges, gas in both its physical and Nymex forms tried to emulate petroleum’s strength as best it could.

The recent study commissioned by FERC of various ways to measure LNG tanker hazards evaluates some methodologies with less than credible assumptions and fails to distinguish between probable risk and worst-case risk, according to a Texas research firm.

With both New England’s natural gas and electric systems put to the test during the deep freeze of January 2004, both industries are quickly realizing that better communication is needed because their respective commodities are becoming more entwined.

With both New England’s natural gas and electric systems put to the test during the deep freeze of January 2004, both industries are quickly realizing that better communication is needed because their respective commodities are becoming more entwined.

Continuing to look for new ways to bring liquefied natural gas (LNG) to the United States, Statoil said last week that it signed a three-year agreement for about 35.3 Bcf/year of LNG from Algerian state oil company Sonatrach. Statoil will begin delivering the LNG to Dominion’s Cove Point LNG terminal in Maryland this month.

Continuing to look for new ways to bring liquified natural gas (LNG) to the United States, Statoil said Tuesday that it has entered into an agreement that will have Algerian state oil company Sonatrach supply LNG to Statoil at the Cove Point terminal in Maryland under a three-year contract.

As part of a broad North American search for ways to make western wholesale natural gas markets more competitive, Humboldt Bay in the northern end of California’s 1,000-mile coastline is the unlikely site of a proposed combination electric generating plant and liquefied natural gas (LNG) receiving terminal envisioned by San Jose, CA-based Calpine Corp., a major national developer of gas-fired power plants.

As part of a broad North American search for ways to make western wholesale natural gas markets more competitive, Humboldt Bay in the northern end of California’s 1,000-mile coastline is the unlikely site of a proposed combination electric generating plant and liquefied natural gas (LNG) receiving terminal envisioned by San Jose, CA-based Calpine Corp., a major national developer of gas-fired power plants.