Daily Gas News - 10/18/01

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HOME | GAS NEWS | EVENTS | JOBS | BUSINESS CENTERS | DIRECTORIES=
| DATA CENTER THURSDAY, OCTOBER 18, 2001 =09

=09 THIS ISSUE BROUGHT TO YOU BY How has Enron remained a dominant=
factor in energy markets while other firms have struggled? To find out vis=
it: http://www.energycentral.com/links/show_mi.cfm?id=3D100386 TOP =
STORIES Natural Gas Marketers Pressured to Open Books for Georgia Regul=
ators By Matthew C. Quinn, The Atlanta Journal and Constitution, Oct. 17 A=
member of the Public Service Commission called on natural gas marketers on=
Tuesday to open their books to state regulators to determine whether the s=
tate's 1997 deregulation law is working. Granite State Pipeline Custome=
rs Angered at FERC's Time Limits for Discount Segmentation Oct. 17 (Btu Wa=
tch) Angered parties questioned an order issued by FERC on September 12, 20=
01 and filed a request for clarification or rehearing, in it they asked, ho=
w can FERC depart from current policy without asking parties to comment. Sp=
ecial Offer from this Publisher! CEO of Xcel Energy Pushes Pricing Cho=
ice for Natural-Gas Customers By Steve Raabe, The Denver Post, Oct. 17 Uti=
lity customers should expect to take a more active role in managing their h=
eating bills, Xcel Energy's chief executive officer said Tuesday. Nati=
onal Energy Policy Bush again urges Senate to pass broad energy bill =
WASHINGTON, Oct 17 (Reuters) President Bush Wednesday again urged the Senat=
e to pass comprehensive energy legislation that would reduce U.S. oil impor=
ts by allowing drilling in the Arctic National Wildlife Refuge. Attack=
s and energy policy Oct 16 - Advocate - Baton Rouge Energy legislation, in=
cluding proposals to fill the Strategic Petroleum Reserve and to drill in A=
laska wilderness, inched forward last week. Mergers, Acquisitions & Di=
vestitures Enel Acquires 40% of Camuzzi Oct 17, 2001 - FT World Media=
Abstracts via Comtex Italian electricity group Enel has acquired a 40 per =
cent stake in Italian gas distribution company Camuzzi Gasometri from Mill =
Hill NV, the Dutch holding company of the Garilli family, for 434m euros. =
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sit the energy industry's largest on-line job center today: http://www.ener=
gycentral.com/sections/jobs Gas Pricing/Hubs Canadian natgas =
prices rise with cool U.S. weather CALGARY, Alberta, Oct 17 (Reuters) Cana=
dian spot natural gas prices gained strength Wednesday from surging physica=
l prices in the U.S. as cool weather in the Midwest and Northeast boosted s=
hort-term heating demand, industry sources said. U.S. spot gas extends=
6-week highs on weather SAN FRANCISCO, Oct 17 (Reuters) Cooler weather an=
d increased heating demand in the Midwest and Northeast consuming regions p=
ushed U.S. spot natgas prices to fresh six-week highs on Wednesday, market =
sources said. NYMEX Hub gas ends down sharply after bearish AGAs NEW =
YORK, Oct 17 (Reuters) NYMEX Hub gas, buoyed early Wednesday by cool midwee=
k weather forecasts and some technical buying ahead of weekly inventory dat=
a, ended down sharply after the late release of a bearish storage report, s=
ources said. Drilling/Exploration Landrieu's stance on drilling c=
onfusing Oct 16 - Advocate - Baton Rouge Sen. Mary Landrieu, D-La., can ex=
pect phone calls, letters and e-mails from Louisiana environmentalists. =
Scottish company finds gas off Kinsale Oct 16 - Irish Times Scottish exp=
loration group Ramco Energy has successfully completed the testing of a wel=
l on its Seven Heads gas field off Kinsale, Co Cork, which could reach the =
market by 2003. Analysts cautious over latest Ramco offshore gas disco=
very Oct 17 - The Herald - Glasgow RAMCO Energy, the Aberdeen-based indepe=
ndent oil-exploration and production group, yesterday announced a "substant=
ial" offshore gas discovery off the coast of Ireland. Futures Nov=
Futures Sinks as U.S. Gas Stocks Surpasses 3 Tcf Goal Oct. 17 (Btu's Dail=
y Gas Wire) In a choppy day of trading, November natural gas futures settle=
d down 17.4 cents at $2.418 after the American Gas Association reported a 6=
3 billion cubic feet increase to reserves, a build above most estimates. Sp=
ecial Offer from this Publisher! LNG Boston Lifts Ban on Gas Tan=
kers in Harbor By David Arnold, The Boston Globe, Oct. 17 Boston port capt=
ain Brian M. Salerno lifted a three-week ban yesterday on shipments of liqu=
ified natural gas through the city's harbor after "identifying and reviewin=
g all gaps" in security. Pipelines Russia to Begin to Supply Gas =
to Turkey Next Year--PM Oct 17, 2001 - Itar-Tass News Agency The laying of=
the pipes of a 400-kilometre gas trunkline on the Black Sea bed to supply =
gas from Russia to Turkey will be completed in February-March next year. =
Blue Stream Project Puts in Doubt Alternative Pipeline Oct 17, 2001 - I=
tar-Tass News Agency The final stretch of work on the Blue Stream gas pipel=
ine project puts in doubt prospects of an alternative Trans-Caspian pipelin=
e project, Russian specialists said in comments on Prime Minister Mikhail K=
asyanov's visit to an area where the Blue Stream pipeline is being laid in =
the Black Sea floor. Storage U.S. natgas stocks seen up 50 bcf in=
weekly AGAs NEW YORK, Oct 17 (Reuters) U.S. natural gas storage levels ar=
e expected to rise by about 50 billion cubic feet (bcf) when weekly America=
n Gas Association (AGA) data are released later today, industry sources sai=
d this week. General City Cab Operates Michigan's First Natural G=
as-Powered Taxi PORT HURON, Mich., Oct. 17 /PRNewswire/ City Cab today an=
nounced its Ford Crown Vic taxi will be the first taxicab in Michigan power=
ed by natural gas and the cab's inaugural run is set for October 18, 2001. =
U.S.-Based Energy Company Enron Brings Online Business to Europe Sund=
ay Business, London, Oct. 14 Which is the world's biggest business-to-busin=
ess internet company? Microsoft? AT&T? Oracle? Cisco? Unpaid Bills Sti=
ll Haunt Many Laclede Customers; Tens Of Thousands Have Lost Or May Lose Se=
rvice Oct 17 - St. Louis Post-Dispatch With a nip in the air these weeks b=
efore cold weather really hits, a steady stream of clients has been visitin=
g Gwendolyn Johnson's office in an old police station a few blocks north of=
the Central West End. US gas producers seen facing slump now, constra=
ints later Oct 17 - Oil & Gas Journal The US natural gas industry will be =
hammered by low commodity prices this winter because of a recession that so=
me producers believe is worse than the government will admit. Deals/Co=
ntracts Houston Energy Firm Sells Software Business By Tom Fowler, Ho=
uston Chronicle, Oct. 17 Houston's Altra Energy Corp. has sold its software=
business to Caminus Corp. in a $64 million stock and cash deal. Energ=
y Efficiency/Conservation Utah's Focus on Conservation Helps Avoidance=
of Energy Crises By Martin Renzhofer, The Salt Lake Tribune, Oct. 15 Good=
conservation is not doing without, but doing better with what you have. =
People Christopher P. Johns Promoted to Senior Vice President and C=
ontroller For PG?Corporation SAN FRANCISCO, Oct. 17 /PRNewswire/ PG?Corpor=
ation today announced that its board of directors has elected Christopher P=
. Johns, 41, Senior Vice President and Controller. Bush's FERC nominee=
seen likely to be confirmed By Chris Baltimore (Reuters) WASHINGTON, Oct =
17 (Reuters) The nomination of Republican electricity expert Joseph Kellihe=
r to fill a federal energy regulation post got a warm reception Wednesday f=
rom utility lobbyists and lawmakers, who forecast speedy Senate confirmatio=
n. Financial Gazprom to Borrow 500-750 Mln Usd on Eurobond Market=
Oct 17, 2001 - Itar-Tass News Agency The Gazprom public joint-stock compa=
ny is planning to appear on the market of Eurobonds and borrow 500 to 750 m=
illion U.S. dollars there. Financial - Results Kinder Morgan earn=
ings more than double HOUSTON, Oct 17 (Reuters) - Kinder Morgan Inc. said =
on Wednesday its third-quarter earnings more than doubled due to strong tra=
nsportation volumes and fee income from its core natural gas and refined pe=
troleum products pipeline businesses. International Falcon Petrol=
eum Advocates Government Subsidy for Gas Companies Oct 16, 2001 - Africa N=
ews Service A GAS conversion company, Falcon Petroleum Nigeria Limited has =
advocated Federal Government subsidy for gas companies willing to develop a=
gas pipeline national grid network. Itera May Cut Gas Supply to Georg=
ia by Half Oct 17, 2001 - Itar-Tass News Agency The international ITERA gr=
oup of companies warned Gruztag gas distributing company that it cuts by ha=
lf the volume of natural gas supplies from October 20, 2001. Lack of F=
unds May Mar Flaring Outage Date, Says Shell Oct 17, 2001 - Africa News Se=
rvice The Shell Petroleum Development Company (SPDC) has said that the inab=
ility of Nigerian National Petroleum Corporation (NNPC) to provide fund for=
new gas development projects in its joint venture operations is a major fa=
ctor militating against the achievement of zero flaring in 2004. Domes=
tic Gas Market Exists, Says Gaslink Oct 17, 2001 - Africa News Service Gas=
link Nigeria Limited, a subsidiary of Unipetrol Nigeria Plc has faulted the=
position of oil producing companies in Nigeria that the absence of domesti=
c gas market is an excuse for a flaring outage dae beyond 2004. Gas ex=
tracted from a new deposit in eastern Turkmenistan Oct 16 - BBC Monitoring=
Central Asia Specialists of the Farap [eastern Turkmenistan] oil and gas p=
rospecting expedition have pleased their compatriots with another piece of =
good news in the run-up to a holiday [Independence Day]. Philippine Pr=
esident Inaugurates 5 Bln U.S. Dlrs Gas Project Oct 17 - Xinhua News Agenc=
y - CEIS Philippine President Gloria Macapagal-Arroyo Tuesday led the inaug=
uration of a 5-billion-U.S. dollar natural gas project which is expected to=
bring yearly savings of 700 million dollars to the country. Gas contr=
act expected to save Bt1 bn Oct 17 - WorldSources Online Thailand could sa=
ve more than Bt1 billion on the purchase of natural gas through a new contr=
act with gas suppliers, including Unocal Thailand. Bangladeshi Ministe=
r Hints at Gas Export Oct 17 - Xinhua News Agency - CEIS The Bangladesh Na=
tionalist Party (BNP) while in opposition strongly opposed gas export, but =
the newfinance minister of its government hinted Monday that they would go =
for gas export if they see it is beneficial. If you are an Energy Ce=
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