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Sent: Tuesday, June 05, 2001 11:36 PM
Subject: Daily Gas News - 6/6/01


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>   ENERGY CENTRAL GAS NEWS FOR 6/6/01 - 29 NEW ITEMS
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>   NATIONAL ENERGY POLICY
> ______________________________________________________________________
>
> GOOD MARKS FOR BUSH ENERGY POLICY AS CA TRIES TO SOLVE ITS PROBLEMS
>   June 5 (Utility Spotlight) - While California lawmakers continued
>   their struggle last week to come up with answers to their
>   persistent energy problems, a consulting firm gave generally good
>   marks to the new Bush energy policy and the New York ISO held out
>   hopes that the state and New York City may be able to avoid
>   blackouts even during hot summer weather.
>   --> NEWS SUBSCRIBERS can access this article for free!
>   [ ] 55-18: You can request a 4 week FREE trial to Utility Spotlight
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>
> SEN. MURKOWSKI URGES DEMOCRATS TO HELP BOOST US ENERGY OUTPUT
>   Jun 05, 2001 - BridgeNews - The departing Republican chairman of
>   the Senate Energy and Natural Resources Committee Tuesday urged
>   Democrats not to ignore the production of oil, natural gas,
>   electricity and nuclear power when they consider the energy
>   problems the confronting the U.S.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> DEMOCRATIC SHIFT IN SENATE DIMS PROSPECTS FOR BUSH ENERGY PLAN
>   By David Ivanovich, Houston Chronicle -- June 4 - The Bush
>   administration has drawn up a comprehensive strategy to address
>   the nation's sundry energy troubles.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> ______________________________________________________________________
>
>   MERGERS, ACQUISITIONS & DIVESTITURES
> ______________________________________________________________________
>
> WESTCOAST ENERGY TO SELL CANADA, US GAS LINE CAPACITY
>   VANCOUVER, B.C., June 4 (Reuters) - - Westcoast Energy Inc.   said
>   on Monday it will sell 250 million cubic feet a day (mmcfd) of
>   natural gas transportation capacity offered recently in two
>   proposed pipeline expansions in western Canada and the U.S.
>   Pacific Northwest.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> SAN ANTONIO-BASED FUEL COMPANY BUYS CORPUS CHRISTI, TEXAS, REFINERY
>   By Bill Day, San Antonio Express-News -- June 5 - In the past
>   year, as he has watched his company's profits soar, Valero Energy
>   Corp. CEO Bill Greehey has aggressively spent money on acquisitions.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
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> ______________________________________________________________________
>
>   GAS PRICING/HUBS
> ______________________________________________________________________
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> SSB, LEHMAN SEE RETURN OF 'LOST DEMAND' KEY FOR PRICES
>   June 6 (NGI's Daily Gas Price Index) - As natural gas storage
>   levels last week erased the long standing deficit when compared to
>   last year's levels, turning it into a surplus for the first time
>   since January 2000, analysts are being forced to take another look
>   at their natural gas price forecasts for the remainder of 2001 and
>   for full year 2002.
>   --> NEWS SUBSCRIBERS can access this article for free!
>   [ ] 55-24: You can request a 30 day FREE trial to NGI's Daily Gas
>   Price Index
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>
> NATURAL GAS WEEKLY UPDATE
>   June 5 (EIA) - A slowing in the rate of net injections to storage
>   caused prices to rise briefly, however the week-to-week levels
>   were lower in both the cash and futures market
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> EXPERTS PREDICT NATURAL GAS PRICES TO RISE IN COMING YEARS
>   By Ben Spiess, Anchorage Daily News, Alaska -- June 3 - Soaring
>   natural gas prices have abruptly dropped; so how does that affect us?
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> ______________________________________________________________________
>
>   FUTURES
> ______________________________________________________________________
>
> JULY FUTURES FALLS ON WEATHER SKEPTICISM, LARGE AGA BUILD SEEN
>   June 5 (Btu's Daily Gas Wire) - July natural gas futures settled
>   down 17.7 cents at $3.892 after tumbling 21.9 cents to a $3.85
>   low. July futures came under sharp pressure after the nearby month
>   failed to test major resistance at $4.18, posting a two-week high
>   at $4.175 earlier in the session.
>   --> NEWS SUBSCRIBERS can access this article for free!
>   [ ] 55-40: You can request a free 4 week free trial to BTU's Daily
>   Gas Market Report.
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> ______________________________________________________________________
>
>   PIPELINES
> ______________________________________________________________________
>
> HOUSTON: KINDER MORGAN TO EXPAND PIPELINE
>   Jun 05, 2001 - Energy24 - Kinder Morgan Energy Partners has
>   announced a $9 million expansion project on its CALNEV pipeline,
>   which transports gasoline, jet fuel and diesel fuel to Las Vegas.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> ALASKA GOVERNOR, CANADIAN PRIME MINISTER FORM PIPELINE PARTNERSHIP
>   Anchorage Daily News, Alaska -- June 1 - Hailing what he termed a
>   "new partnership of prosperity," Alaska Gov. Tony Knowles said
>   Thursday that he and Canadian Prime Minister Jean Chretien had
>   agreed to try to speed development of a natural gas pipeline from
>   Alaska to the Lower 48.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> PIPELINE DEAL SHORTCHANGES ROANOKE, VA.-BASED GAS SUPPLIER
>   The Roanoke Times, Va. -- May 31 - The sweet deal has gone sour.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> WESTERN VIRGINIANS TO OPPOSE DOMINION-DUKE ENERGY PLAN FOR GAS PIPELINES
>   The Roanoke Times, Va. -- June 1 - Dominion and Duke Power will
>   face organized opposition from Floyd and Patrick County residents
>   if they pursue building gas pipelines through Southwest Virginia.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> ______________________________________________________________________
>
>   RATES
> ______________________________________________________________________
>
> SOME NORTHEAST OHIO RESIDENTS ELIGIBLE FOR CHEAPER NATURAL GAS
>   By Betty Lin-Fisher, Akron Beacon Journal, Ohio -- June 2 - About
>   450,000 Northeast Ohio residents who already are part of a buying
>   group for lower electricity rates are now eligible for cheaper
>   natural gas, too.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> ______________________________________________________________________
>
>   DEALS/CONTRACTS
> ______________________________________________________________________
>
> HOUSTON-BASED MARATHON OIL COMPANY JOINS SAUDI GAS VENTURE
>   By Tom Fowler, Houston Chronicle -- June 5 - Houston-based
>   USX-Marathon Group has taken over Enron Corp.'s abandoned stake in
>   a $25 billion natural-gas venture in Saudi Arabia.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> EXXONMOBIL UNIT NAMED BY PETROCHINA FOR GAS PIPELINE PROJECT IN CHINA
>   Jun 05, 2001 - AFX News Limited - Exxon Mobil Corp said its
>   subsidiary, ExxonMobil China Gas Pipeline Ltd, in cooperation with
>   CLP Ltd, has been short-listed as a foreign participant by
>   PetroChina Co Ltd for the West-to-East Gas Pipeline Project in China.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> SAUDI ARABIA SIGNS $25B NATURAL GAS DEALS
>   Jun 05, 2001 - United Press International - Saudi Arabia has
>   signed a series of deals worth $25 billion with eight
>   international oil companies to develop three giant gas projects in
>   the country, the British Broadcasting Corp. reported Tuesday.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> OPEC SIGNS DEAL WITH SHELL ENERGY SERVICES CO. FOR DISCOUNTED
> NATURAL GAS; CUSTOMERS TO SEE MAJOR SAVINGS THIS WINTER
>   CLEVELAND, June 5 /PRNewswire/ - Northeast Ohio Public Energy
>   Council and Shell Energy have reached an agreement for a one-year
>   contract for natural gas services to residents of the 95 NOPEC
communities.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> ______________________________________________________________________
>
>   PEOPLE
> ______________________________________________________________________
>
> SENATE APPROVES PENNSYLVANIA REGULATOR FOR SPOT ON FEDERAL ENERGY
COMMISSION
>   By Akweli Parker, The Philadelphia Inquirer -- June 3 - During
>   four years as a state utility regulator, Nora Mead Brownell
>   developed a reputation for feistiness but fairness.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> ______________________________________________________________________
>
>   FINANCIAL
> ______________________________________________________________________
>
> PEABODY ENERGY SEES $15 MLN PRE-TAX GAIN
>   ST. LOUIS, June 4 (Reuters) - - Peabody Energy Corp. on Monday
>   said it expects to record a pre-tax gain of about $15 million for
>   the period ending June 30 due to a ruling that allows coal
>   companies to collect refunds of taxes paid on exported coal.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> BOULDER, COLO., OIL PROSPECT FIRM MAY BENEFIT FROM HIGH GAS PRICES
>   By Matt Branaugh, Daily Camera, Boulder, Colo. -- June 5 - With
>   the country facing high gas prices, independent companies hunting
>   for oil prospects -- like Boulder's High Plains Petroleum Corp. --
>   find themselves in a good position.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> CATERPILLAR IS POISED FOR ENERGY CRISIS
>   By Paul Gordon, Journal Star, Peoria, Ill. -- June 5 - When the
>   word came from Washington, D.C., recently that the nation's energy
>   crisis was going to get worse this summer, it was music to
>   Caterpillar Inc.'s ears.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> ______________________________________________________________________
>
>   INTERNATIONAL
> ______________________________________________________________________
>
> STATOIL CONSULTANTS UNDER INVESTIGATION
>   Jun 05, 2001 - FT World Media Abstracts via Comtex - Statoil, the
>   Norwegian oil and energy group, is soon to be listed on the stock
exchange.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> EXXON MOBIL TO LEAD NATURAL GAS PROJECT IN SAUDI ARABIA
>   By Dianne Solis, The Dallas Morning News -- June 4 - Nearly three
>   years ago, Saudi Arabia's Crown Prince Abdullah bin Abdul-Aziz
>   invited a small group of oilmen to a mysterious tea at the
>   ambassador's residence in McLean, Va.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> MERONO TAKES ACTION TO GUARANTEE SPAIN'S ELECTRICITY SUPPLY
>   Jun 05, 2001 - FT World Media Abstracts via Comtex - The Spanish
>   energy commission will from this year prepare an annual report on
>   anticipated short- and medium-term demand for gas and electricity
>   and on the measures to ensure supply, according to the chairman of
>   the commission, Pedro Merono, speaking yesterday at a conference
>   on the New Economy organised by a leading Spanish daily.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> AME INFO, ABU DHABI, UNITED ARAB EMIRATES, OIL AND GAS BRIEFS COLUMN
>   By Peter J. Cooper, Knight Ridder/Tribune Business News -- June 3
>   - IRAQI HALT SPOOKS THE MARKET: Analysts expect oil prices to
>   spike outside the Opec target range of USD22-28 this week, as Iraq
>   seems certain to carry out its threat to turn off its oil supply.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> LUKOIL TO BE ALLOWED TO PURCHASE 33 PER CENT IN LITHUANIA'S MAZEIKIU NAFTA
>   Jun 05, 2001 - FT World Media Abstracts via Comtex - Russian oil
>   giant LUKoil's chances of becoming a co-owner in Lithuania's
>   Mazeikiu nafta have increased sharply.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> STATOIL CONSULTANTS IN SHARE ISSUE SCANDAL
>   Jun 05, 2001 - FT World Media Abstracts via Comtex - Statoil, the
>   Norwegian state-owned oil and energy group, is to be privatised
>   and listed on the stock exchange.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
> UNION FENOSA IN TWO NATURAL GAS SUPPLY CONTRACTS
>   Jun 05, 2001 - FT World Media Abstracts via Comtex - Union Fenosa,
>   the Spanish electricity company, is close to completing
>   negotiations and signing two major natural gas supply contracts as
>   part of of its strategy to become Spain's second gas operator.
>   --> NEWS SUBSCRIBERS can access this article for free!
>
>
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