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Transportation 2001 P8

  • 03/17/2001 -- Enbridge to buy Midcoast Energy in $600 million deal
    Enbridge Inc., Calgary, and Midcoast Energy Resources Inc., Houston, said Friday they have agreed to a merger under which Enbridge will buy the stock of Midcoast for $350 million and assume $250 million of debt.
  • 03/19/2001 -- EGPC awards 20-year gas franchise to Shell company
    Egyptian General Petroleum Corp. has awarded Fayum Gas Co., a subsidiary of Shell Gas BV, a 20-year franchise to deliver natural gas to the Fayum Governate, 35 km southwest of Cairo. Fayum will study, design, finance, build, and operate a gas pipeline and distribution network.
  • 03/20/2001 -- BP earmarks $180 million for China's first LNG terminal
    BP plans to spend more than $180 million on the first phase of a joint venture project to construct China's first liquefied natural gas import terminal, the British energy giant said Tuesday. The company said that it has been selected "to enter exclusive negotiations to secure the position as the foreign partner" in a JV tasked with the development of the Guangdong project in southern China.
  • 03/20/2001 -- California blackouts projected to last most of Tuesday
    With Californians conserving less and electricity imports down, the California grid operator expects to continue expanding its call for rotating outages throughout most of Tuesday, for the second day in a row. Patrick Dorinson, spokesman for the California Independent System Operator, said at a 10:30 a.m. PST briefing Tuesday, the ISO expects to increase outages to 1,000 Mw at noon, rising to 2,000 Mw at 7 p.m. and back down to 1,000 Mw by 8 p.m.
  • 03/20/2001 -- Gas Technology Institute to build pipeline-coating testing facility
    The Gas Technology Institute (GTI), Des Plaines, Ill., Tuesday announced plans to construct a testing facility for evaluating protective coatings applied to buried steel pipelines. The facility will include a field site for in-ground testing of pipeline sections and a laboratory for detailed analysis.
  • 03/20/2001 -- Murkowski signals room for compromise on energy plan
    US Senate Energy Chairman Sen. Frank Murkowski (R-Alas.) Tuesday said his bill is a "starting point" that will be used to help frame a national energy policy with the help of Democrats and the White House. Democrats and environmental groups have criticized Murkowski�s bill for focusing too much on boosting fossil fuel supply without trying to curb that demand through alternative fuels.
  • 03/20/2001 -- California ISO halts rolling blackouts
    The California Independent System Operator ordered utilities to restore power to customers Tuesday afternoon, after calling for rolling blackouts throughout the state for 4� hr earlier in the day. ISO officials were optimistic that electricity would not have to be interrupted for the rest of the day, until possibly 6-7 p.m. PST during the evening peak.
  • 03/21/2001 -- EIA predicts US petroleum prices to fall by yearend
    Consumers will see modest relief from higher fuel prices by the end of the year, the US Energy Information Administration Wednesday told the Senate Committee on Energy and Natural Resources. EIA said crude oil and petroleum products prices should decline further next year.
  • 03/21/2001 -- FERC executive points to 'gray market' in gas price surge
    Alice Fernandez, director of tariffs and rates at the Federal Energy Regulatory Commission, Wednesday conceded the so-called �gray market� helped drive gas prices sky high in southern California late last year. Industry sources described the gray market for pipeline capacity and natural gas as the sale of �packages� of capacity and gas by marketers or even by gas distribution companies that have access to gas and capacity, that might be reselling the products.
  • 03/21/2001 -- Reliant executive paints dire power picture for US West
    Electricity shortages in the US West could total a horrific 13.1 Gw this summer, Joe Bob Perkins, president of Reliant Energy Inc.�s wholesale division, said Wednesday. 'A regionwide plan is needed and this is of the highest urgency,' he said, during a media briefing. Based on calculations of shortages by the Western States Coordinating Council, Perkins said, reducing demand appears to be the region's only hope for the summer.
  • 03/22/2001 -- UK government plans remedy for soaring natural gas prices
    UK Energy Minister Peter Hain Tuesday disclosed the government's strategy to deal with the problem of sharply rising natural gas prices in Britain. The strategy, he said, will involve collaborating with the European Commission to accelerate full gas market liberalization, improving the "functionig and design" of the market through greater access to data, and acting against anticompetitive behavior.
  • 03/22/2001 -- UK minister says service and supply firms must diversify
    UK oil and gas sector supply chain companies must diversify into markets, including renewable energy, while increasing exports if they are to meet government-industry task force Pilot's target of securing �1 billion/year of new business by 2010, UK Energy Minister Peter Hain stated Tuesday.
  • 03/22/2001 -- Senate Democrats unveil energy strategy bill, offer to compromise
    US Senate Democrats want to work with their Republican colleagues to pass a comprehensive energy bill this year, Senate Minority Leader Tom Daschle (D-SD) said Thursday as Democrats filed their own energy legislation. The latest bill would offer a tax credit to encourage construction of an Alaskan gas pipeline by 2009.
  • 03/22/2001 -- Higher transmission returns expected, says ERCOT head
    With new transmission in great demand, owners will expect a little better return than in the past to make investments in projects, Tom Noel, CEO of the Electric Reliability Council of Texas said Thursday. While the going rate is about 8.5-9%, Noel said, he thinks it will take a return of 10-12% to attract investors to transmission projects in an era of deregulation.
  • 03/23/2001 -- US House makes minor change to oil spill law
    The US Coast Guard will be allowed to borrow up to $100 million from the Oil Spill Liability fund for additional emergency cleanups under legislation passed by the US House of Representatives Mar. 22. Supporters of the bill said it would allow the Coast Guard to react quicker and more efficiently to spills.
  • 03/23/2001 -- Gaz de France plans to double gas market share
    Following strong growth last year in Gaz de France SA's five business areas, the French utility is planning investments in 2001-2003 to 'at least' double to 20% its European natural gas market share, Chairman Pierre Gadonneix said at a press conference. Presently, the biggest challenge facing Gdf is the question of opening up the company to other investors.
  • 03/23/2001 -- Northwest Natural to build Oregon line extension
    Northwest Natural Gas Co. (NW Natural) has applied to an Oregon state council for permission to build a 60-mile gas transmission line. The proposed 24-in. pipeline would connect NW Natural's gas storage fields near Mist, Ore., with an interstate gas transmission line near Molalla.
  • 03/26/2001 -- Williams announces $1 billion expansion of Kern River pipeline
    A unit of Williams, Tulsa, announced an expansion project on its Kern River pipeline that will cost more than $1 billion and will more than double the amount of natural gas transported on the 926-mile pipeline system. The project will provide 900 MMcfd of additional transportation capacity from Wyoming to California by May 2003.
  • 03/27/2001 -- Transportation news briefs, Mar. 27
    US Department of Transportation � Cycla � Statoil � Tidelands Oil & Gas � Reef International Transmission & Storage
  • 03/27/2001 -- Market Hub Partners launches storage open season
    Market Hub Partners, a unit of Duke Energy Gas Transmission Co., announced an open season for gas storage services at its Copiah salt cavern facility in southwest Mississippi. The season will close Apr. 25.
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