The biggest issue in natural gas price reporting today is the lack of liquidity, or low level of fixed price trading in the monthly market due mainly to the loss of the middleman marketers, price survey publishers told attendees at GasMart/Power 2003 Wednesday.
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Enron Eyes Winner’s Circle Well Into Future
Confident in the pliability of their wildly successful businessmodel that has transformed the energy industry, Enron needed nodog-and-pony show as executives trotted out forecasts during aninvestor’s conference last week. In the space of a few hours, theHouston-based giant’s executives stressed one point again andagain: they fully expect to remain the leader in every field theyenter into the foreseeable future.
Enron Eyes Winner’s Circle Well Into Future
Confident in the pliability of their wildly successful businessmodel that has transformed the energy industry, Enron needed nodog-and-pony show as executives trotted out forecasts during aninvestor’s conference yesterday. In the space of a few hours, theHouston-based giant’s executives stressed one point again andagain: they fully expect to remain the leader in every field theyenter into the foreseeable future.
Open Season Fills Elba Island LNG
The results are in from Southern LNG Inc.’s open season for arevitalization of the mothballed Elba Island LNG terminal, and thewinner of all 4 Bcf of capacity is Sonat Energy Services, aSouthern LNG affiliate and an affiliate of Southern Natural Gaspipeline. The winning bid was for a 22-year term at fullcost-of-service rates.
Open Season Fills Elba Island LNG
The results are in from Southern LNG Inc.’s open season for arevitalization of the mothballed Elba Island LNG terminal, and thewinner of all 4 Bcf of capacity is Sonat Energy Services, aSouthern LNG affiliate and an affiliate of Southern Natural Gaspipeline. The winning bid was for a 22-year term at fullcost-of-service rates.
Futures Build on Last Week’s Late Strength
Much like Charismatic, winner of the Preakness and the KentuckyDerby,the futures market was off to the races Monday. Afteropening slightly more than a penny below Friday’s settlement price,the futures market spiked dramatically higher in the first hour oftrading as local buying pushed the market through last week’s$2.315 high. June continued higher yesterday afternoon, finishingup 5.5 cents to $2.343.
Funding for Pipeline RegulationTakes Precedence
Funding for natural gas and oil pipeline regulation was the bigwinner in FERC’s budget for fiscal year 2000, according to theagency’s budget request.
Pipeline Funding Takes Precedence at FERC
Funding for natural gas and oil pipelines was the big winner inFERC’s budget for fiscal year 2000, according to the agency’sbudget request.
EPA Calls for 28% NOx Reduction by 2007
Natural gas should be a big winner as a result of theEnvironmental Protection Agency’s final plan for reducingsmog-causing emissions of nitrogen oxides (NOx) that was releasedyesterday. The plan calls for a reduction of 1.1 million tonsannually, or 28%, in 22 eastern states and District of Columbia by2007. States clean air plans come due in September 1999 and neededcontrols must be in place by 2003.