Crystal Oil Co. of Shreveport, LA, last week closed on itspreviously announced acquisition of Petal Gas Storage Co. Theacquisition of Petal will complement and provide synergies with thesalt dome storage facility already owned by Hattiesburg Gas StorageCo., a subsidiary of Crystal, and which is located less than onemile from the Petal facility. With the acquisition of Petal,Crystal’s subsidiaries will have more than 6.7 Bcf of gas storageworking capacity with the ability to deliver in excess of 670MMcf/d in this major corridor to the northeastern gas markets. JoeAverett, Crystal president, said the acquisition makes Crystal thelargest independent provider of salt cavern gas storage in the U.S.
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NGI The Weekly Gas Market Report
Analyst Says Mexican Tariff Holds Up Pipes
The current North American Free Trade Agreement (NAFTA) tariffon gas imports into Mexico is holding up pipeline development fromthe U.S. to northern Mexico, said consultant George Baker of Baker& Associates.
FERC to Hold Conference on ISOs
FERC has scheduled a public conference for April 15-16 toexamine the future of ISOs in administering the electrictransmission grid on a regional basis. The Commission isconsidering whether policy changes are necessary “in order topromote competition and reliability in bulk power markets.”
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Connecticut Yankee Nuke May Undergo Gas Conversion
The 580-MW Connecticut Yankee Atomic Power nuclear project inHaddam, CT, may be converted to burn natural gas if engineeringstudies now underway indicate such a conversion is feasible.
FERC: Tetco Expansion Fails Market Test
While some see FERC’s decision in the Granite State GasTransmission case last week as a major shift in its certificatepolicy, others believe the Commission’s dismissal of Texas EasternTransmission’s (Tetco) application to expand the capacity of itsLebanon Lateral reaffirmed that very policy.
NGI The Weekly Gas Market Report
Alliance Triggers Tribal Disputes
The proposed Alliance Pipeline ran into two potential stumblingblocks last week – aboriginal politics and the U.S. EnvironmentalProtection Agency – which are not necessarily related.
New, Efficient Engine Could Burn Natural Gas
Rolls-Royce has announced a new line of engines that may changethe face of distributed generation. Since 1994 the automotivecompany has been conducting research to design a new generator thatwill help propel the company into the major leagues for distributedgeneration around the world.
NGI The Weekly Gas Market Report
Wisconsin PSC Approves Voyageur Contracts
The Public Service Commission of Wisconsin approved gas supplyagreements between a coalition of state utilities and four Canadiansuppliers for up to 105 Bcf/year for five years to be deliveredthrough the proposed Viking Voyageur pipeline.
GRI Restructuring Settlement Okayed
Chief Administrative Law Judge Curtis L. Wagner last weekcertified to FERC for its approval the Gas Research Institute (GRI)funding settlement that sets the stage for its seven-year journeyto become a voluntary-funded organization.
NGI The Weekly Gas Market Report
Westcoast, IPL Square Off Over New Brunswick Distribution
After winning the contest to build the Maritimes & Northeastexport pipeline for natural gas produced offshore Nova Scotia(Sable Island), Westcoast Energy now has entered a contest with IPLsubsidiary Consumers Gas Energy to build gas distribution systemsin the Canadian Maritimes province of New Brunswick.