Forecasts of sub-freezing lows Thursday from the Northeast southward into the Southeast and westward through the Midwest/Midcontinent into the Plains and Rockies resulted in more market strength Wednesday than a day earlier. However, it offered another demonstration of the fact that widespread heating load does not necessarily translate into much higher gas prices.
Westward
Articles from Westward
FERC Awards PD to North Baja Pipeline
The Federal Energy Regulatory Commission set its seal, pending environmental review, on another westward-bound pipeline project last Wednesday. The North Baja Pipeline will carry up to 500 MMcf/d from a connection with El Paso Natural Gas near Ehrenberg, AZ, to fuel power plants and gas distribution systems in Northern Mexico and Southern California.
FERC Approves North Baja Pipeline
The Federal Energy Regulatory Commission set its seal, pending environmental review, on another westward-bound pipeline project Wednesday. The North Baja Pipeline will carry up to 500 MMcf/d from a connection with El Paso Natural Gas near Ehrenberg, AZ to fuel power plants and gas distribution systems in Northern Mexico and Southern California.
Cash Prices Hot in West But Cool in East
Hot weather appeared to be the primary driver of gas pricesMonday. When you’ve got it, as regions from the Rockies westwarddid, quotes went up by about a nickel at many points; when youdon’t have it, as the relatively balmy Midwest and Northeast marketareas didn’t, prices were flat to down as much as 7 cents.
Coral Expands Westward With Two Deals
Coral Energy expanded its gas and power marketing enterprisewith two West Coast acquisitions, which complement its Canadian gassupply position.