Interest wanes in California pipeline projects with slide of natural gas prices

02/04/2002
When natural gas prices spiked to more than $60/Mcf in California last winter, pipeline companies rushed to fill a perceived capacity shortage. More than 1 bcfd of new capacity was announced.At least 230 MMcfd of capacity is scheduled to be completed this year, but after last year's flurry of announcements, some plans have been quietly put on the back burner. Stagnating demand has called into question decisions to increase pipeline capacity so rapidly.Economic conditions and energy demand in California have made a 180° turn in the past year. Prices of electricity have plummeted to $20-30/Mw-hr from more than $100/Mw-hr, and proposed power plants have been put on hold. Electricity ...
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