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The New York Mercantile Exchange (Nymex) said it has electricity, and it plans to resume futures trading operations as soon as its building, which is in close proximity to the World Trade Center in New York City, is safely accessible. Nymex said it plans to clear any trades made on Sept. 11 against Sept. 10 settlement prices and will post these trades during the next trading session.

The oil and natural gas industry’s “greatest contribution can be to ensure that supplies of fuel to American consumers continue uninterrupted. Americans should be assured that every one of our companies is working hard to do just that,” the American Petroleum Institute said Wednesday, combating fears that a possible outbreak of Middle East hostilities emanating from the attacks Tuesday on New York and Washington could slow the flow of oil to the U.S.

While the series of terrorist attacks on the United States Tuesday will “change the entire agenda of Congress and the federal government” during the fall session, a key legislative analyst doubts that energy legislation will be placed on the back burner as a result.

FERC does not plan to re-schedule the regular bi-monthly meeting that was canceled this week in the wake of the terrorist attacks in New York City and Washington, D.C., said a spokeswoman for the agency. Instead, its next meeting will be Sept. 26.

Williams said Wednesday it would extend the open season on its Kern River natural gas pipeline system through Sept. 18. The open season, originally set to end Wednesday, seeks binding commitments for seasonal and year-round firm backhaul transportation service from Kern River’s new interconnect near Elberta, UT with Questar Pipeline’s ML No. 104 Project to markets along the Wasatch Front that are upstream of the interconnect, which is scheduled to be completed Nov. 1.

Natural gas and crude oil prices will rise in the short term, but aren’t likely to be significantly affected in the longer term as the result of Tuesday’s terrorist attacks on the World Trade Center in New York and the Pentagon in Washington D.C., according to Raymond James & Associates.

The embattled Canada-to-New York Millennium Pipeline project has been assailed for nearly every conceivable reason, or so it was thought. As the nation continues to deal with the shock of the deadly terrorist attacks in New York City and Washington, D.C., it took a New York state resident only one day after the double assaults to protest the proposed Millennium line on the grounds that it poses an enviable target to terrorists.

While natural gas prices are down considerably, the nation’s largest municipal electric utility is hoping to acquire some natural gas reserves and forward supply contracts to lock in supplies and prices for the next three to five years, the muni’s interim general manager, David Wiggs, said Thursday.

The National Energy Board has scheduled a public hearing in November to discuss an application by Petro-Canada Oil & Gas to construct a natural gas pipeline from the Medicine Hat, AB area to Burstall, SK. Petro-Canada proposes to construct a 42-mile-long 10-inch pipe from its existing production properties in Medicine Hat to TransCanada Pipeline Ltd.’s system near Burstall. The pipeline would have a design capacity to transport 53 MMcf/d.