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      HOME  | GAS NEWS  | EVENTS  | JOBS  | BUSINESS CENTERS  | DIRECTORIES  | DATA CENTER    FRIDAY, OCTOBER 19, 2001  	


 	   THIS ISSUE BROUGHT TO YOU BY       Competitive Intelligence now available. Identify potential suitors, those who threaten your position across the value chain or those who demonstrate best practices with Company Profile Reports from Datamonitor. These reports are the definitive intelligence resource on 106 top companies in the energy industry. Reports include: specific business background, history, locations and subsidiaries, products, services and key employees. View the list of Datamonitor's Company Profiles. http://www.energycentral.com/sections/research/default.cfm?cpane=23003&rpublisher=11408&rtype=all    [IMAGE]  [IMAGE]     Gain exposure to thousands of energy professionals with your company's white papers today. Energy Central, the industry's most comprehensive on-line information resource is gathering white papers for inclusion the newest section of its Research Report Center. Don't be left out - to learn how to submit your white papers, e-mail mjohnson@energycentral.com. http://www.energycentral.com/sections/research /        TOP STORIES     Expert Says LNG Tankers 'Very Tough Target' for Terrorists  Oct. 19 (NGI's Daily Gas Price Index) The review by the U.S. Coast Guard of the security and safety procedures for tanker transportation of liquefied natural gas (LNG) through Boston Harbor was "eminently reasonable" in the aftermath of the Sept. 11 terrorist strikes, says a London expert, but he believes the tankers would pose a "very tough target for terrorists." Special Offer from this Publisher!      FERC Chairman Pat Wood III Testifies  Oct. 18 (Btu Watch) Chairman Pat Wood III, Federal Energy Regulatory Commission testified before the Subcommittee on Energy Policy, Natural Resources and Regulatory Affairs of the Committee on Government Reform, U.S. House of Representatives and left listeners with three basic points. Special Offer from this Publisher!      Gas Cash Reacts to Wednesday's Late November Futures Sell-Off  Oct. 18 (Btu's Daily Gas Wire) November futures late tumble Wednesday to $2.41, down 18.2 cents for the day, and this morning's indecisive futures pricing led to volatile cash trading today, marketers said. Special Offer from this Publisher!       Press Release      EXCELERGY
 COMPLETES BEST THIRD QUARTER EVER  LEXINGTON, MA (October 17, 2001) - Excelergy
 Corporation, the world's first provider of groundbreaking open co-action software products to the energy/utility industry and other restructuring markets, today reported its most successful third quarter in its history. Compared to a year ago, Excelergy's year-to-date bookings (new sales) have grown 300 percent and its revenues are up 70 percent.      Energy Security      US pipelines, nuclear plants, dams seen vulnerable  By Julie Vorman (Reuters) WASHINGTON, Oct 18 (Reuters) A threat against the Three Mile Island nuclear plant was seen Thursday as a potent reminder about the vulnerability of energy supplies that keep U.S. home computers humming, cars and trucks rolling down the highways, and manufacturers' assembly lines moving.          ADVERTISEMENT    ENERGIZE YOUR CAREER - The Energy Central Job Center has a new look, new features, premier employers and is updated daily! Visit the energy industry's largest on-line job center today: http://www.energycentral.com/sections/jobs          Acquisitions      El Paso Energy Partners Closes $284 Million Chaco, Deepwater Holdings Acquisitions  HOUSTON, Oct. 18 /PRNewswire/ El Paso Energy Partners, L.P. has completed its previously announced acquisitions of the Chaco facility and Deepwater Holdings L.L.C.      Gas Pricing/Hubs      Canada spot gas falls with U.S. on warmer weather  NEW YORK, Oct 18 (Reuters) Canadian spot natural gas prices traded lower Thursday in tandem with weak U.S. spot gas as weather warmed through the U.S. Midwest and Northeast and reduced heating loads, industry sources said.      U.S. spot natgas sinks after NYMEX selloff late Wed.  SAN FRANCISCO, Oct 18 (Reuters) A steep NYMEX selloff yesterday sharply undercut day-ahead natural gas prices on Thursday though some weather-related demand continued in parts of the Northeast and Midwest, market sources said.      NYMEX Hub gas ends with modest short cover gains  NEW YORK, Oct 18 (Reuters) NYMEX Hub gas ended with modest gains Thursday, boosted by some short covering after yesterday's steep slide despite fairly mild weather forecasts into early next week, industry sources said.      Drilling/Exploration      Aurora Gas Begins Production at Nicolai Creek, Alaska  Anchorage Daily News, Alaska, Oct. 17 Aurora Gas LLC has begun production from its Nicolai Creek well, located on the west side of Cook Inlet.      Cepsa Invests Pta1bn in Gas Exploration in LA Rioja  Oct 18, 2001 - FT World Media Abstracts via Comtex Spanish petrochemical group Cepsa (Compania Espanola de Petroleos) is investing Pta1bn (6m euros) in gas exploration in the Cameros mountain range area, located in the region of La Rioja.      Oil, Gas Workers' Jobs Evaporate With Energy Surplus; Industry Goes From Boom To Bust In A Year  Oct 18 - St. Louis Post - Dispatch Early this year, when it seemed energy prices had no upper limit, Bob Pound couldn't find enough qualified roughnecks to operate his two drilling rigs.      Futures      Nymex Review: November Natural Gas Cuts Previous Loss  Oct 18, 2001 - FWN Financial News Prices on nearby natural gas futures contracts moved higher Thursday, pulling back from sharp losses Wednesday that followed the weekly U.S. stock report.      LNG      El Paso Announces Agreement to Purchase Norwegian LNG From the Snohvit Consortium  HOUSTON, Oct. 18 /PRNewswire/ El Paso Global LNG, a subsidiary of El Paso Corporation, announced today that it has signed a definitive liquefied natural gas (LNG) purchase and sale agreement with a consortium of producers led by Statoil ASA.      CMS unit to double capacity at U.S. LNG facility  HOUSTON, Oct 18 (Reuters) A CMS Energy Corp. unit said on Thursday it will about double capacity at its liquefied natural gas (LNG) terminal in Louisiana to fulfill a 22-year contract with Britain's BG Group Plc.      Pipelines      Landowners Object To Plans For Natural Gas Pipeline  Oct 18 - Roanoke Times & World News Landowners affected by Duke Energy's proposed 94-mile natural gas pipeline in Southwest Virginia objected Tuesday night to its route and the way the company treats them.      Blue Stream Project Puts in Doubt Alternative Pipeline  Oct 17, 2001 - Itar-Tass News Agency The final stretch of work on the Blue Stream gas pipeline project puts in doubt prospects of an alternative Trans-Caspian pipeline project, Russian specialists said in comments on Prime Minister Mikhail Kasyanov's visit to an area where the Blue Stream pipeline is being laid in the Black Sea floor.      Gas pipeline plan scrapped  Oct 17 - Evening Mail - Birmingham PLANS to dig up part of a revamped part of Bromsgrove town centre to provide a gas pipeline have been scrapped.      Rates    For more information on rate tariffs visit Gas Rate Tariffs   [IMAGE]    South Carolina Electric & Gas to File for Natural Gas Price Cut  By Dave L'Heureux, The State, Columbia, S.C., Oct. 18 South Carolina Electric & Gas Co. today will file to cut its retail natural gas rates 16 percent, starting next month.      Two Michigan Utilities Scrap Plans for Fixed-Price Natural Gas  By Alejandro Bodipo-Memba, Detroit Free Press, Oct. 17 Michigan residents can expect to pay more to heat their homes this winter because the state's two largest utilities have scrapped their fixed-price plans for natural gas after three years.      Consumers Air Doubts at St. Louis-Based Gas Company's Rate-Increase Hearing  By Repps Hudson, St. Louis Post-Dispatch, Oct. 17 A special rate for low-income customers emerged as a leading issue Wednesday during testimony at a rate-increase hearing for Laclede Gas Co.      Georgia Consumer-Protection Agency Looks into High Natural-Gas Bills  By Walter C. Jones, Savannah Morning News, Ga., Oct. 17 People wondering why their natural-gas bills are so high have some company: members of the Georgia Public Service Commission.      Gas price hikes spread unevenly: Small businesses face highest prices under new plan  Oct 18 - Charleston Daily Mail It seems a stark inequity: Danser, a 90-employee manufacturing plant, is facing natural gas price hikes more than double those likely to hit either residential or larger industrial customers of Dominion Hope this winter.      Laclede Gas Hearing Raises Issue Of Rates For The Poor  Oct 18 - St. Louis Post-Dispatch A special rate for low-income customers emerged as a leading issue Wednesday during testimony at a rate-increase hearing for Laclede Gas Co.      LG?cuts gas prices  Oct 18 - Courier - Journal Louisville Gas & Electric Co. natural gas customers will get some relief from high prices with bills that will be about 20 percent lower than they were last November.      PSC steps into gas bill furor  Oct 17 - Florida Times Union People wondering why their natural gas bills are so high have some company: members of the Georgia Public Service Commission.      General      Georgia to Provide Nearly $25 Million to Help Those in Need with Heating Bills  By Matthew C. Quinn, The Atlanta Journal and Constitution, Oct. 18 The state government will make available almost $25 million to help low-income consumers pay natural gas bills this winter.      Cold temps seen in Northeast, Midwest this winter  WASHINGTON, Oct 18 (Reuters) - Colder-than-normal temperatures will prevail this winter in the U.S. Northeast, Upper Midwest, Great Lakes and Great Plains states, with heavy snow in much of the same areas, federal weather forecasters said on Thursday.      Deals/Contracts      El Paso, Iberdrola in Arctic gas deal  OSLO, Oct 18 (Reuters) - Norwegian energy firm Statoil said on Thursday the Snoehvit consortium had signed deals with U.S. El Paso and Spanish Iberdrola to supply liquified natural gas from the Arctic for 17-20 years.      Iberdrola signs 1.5 bcm gas supply contract with Statoil  Oct 18 - AFX Iberdrola SA said it has signed a contract with Statoil ASA for the supply of 1.5 bcm per year of liquid gas from 2006.      Financial      Enron's stock slides as equity reduction digested  HOUSTON, Oct 18 (Reuters) Enron Corp. stock fell sharply on Thursday as investors digested news of a $1.2 billion reduction in the energy giant's shareholder equity that attracted little attention when it was first disclosed earlier this week.      Financial - Results      Houston-Based Kinder Morgan Energy Partners Posts 66 Percent Gain in Profit  By Laura Goldberg, Houston Chronicle, Oct. 18 Kinder Morgan Energy Partners, propelled by internal growth and strong performance from recently acquired pipelines and terminals, Wednesday reported a 66 percent jump in third-quarter net income.      Alberta Energy profit falls on weak oil prices  CALGARY, Alberta, Oct 18 (Reuters) - Alberta Energy Co. Ltd., Canada's No. 2 independent oil and gas producer, said on Thursday its quarterly profit fell 12 percent despite a jump in production, due to slumping commodity prices.      Burlington Resources earnings fall with gas prices  HOUSTON, Oct 18 (Reuters) - Natural gas producer Burlington Resources Inc. said Thursday its third-quarter earnings plummeted, reflecting a steep decline in gas prices.      International      Discount Deals with American Energy Firms to Help Trim Power Costs in Thailand  By Yuthana Praiwan, Bangkok Post, Thailand, Oct. 18 PTT Plc is expected to save about 1.15 billion baht under separate agreements reached with Unocal and Chevron to amend natural gas purchase contracts.      Gazprom Plan to Sell Off Ld Is Not Ultimatum to Lithuania  Oct 18, 2001 - Itar-Tass News Agency The Russian gas giant Gazprom has proposed parity privatization of the Lithuanian gas selling and distributing company Lietuvos Dues, Gazprom's press- service said Thursday.      Russia to Begin to Supply Gas to Turkey Next Year  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.      Gazprom increasing gas supplies to Russia's westernmost region  Oct 18 - BBC Monitoring Former Soviet Union Kaliningrad Region will receive 600m cubic m of natural gas in 2002, which is 100m cubic m more than in the current year.        If you are an Energy Central News Subscriber and you have checked any news articles above, selecting the 'Get Articles' button below will deliver all of the checked articles in one page. This is a convenient way to get exactly the news you need - quickly!           NEED INFORMATION ON THE POWER INDUSTRY? ENERGY CENTRAL'S GOT IT!    ENERGY CENTRAL DAILY ELECTRIC POWER NEWS   An e-mail news service that delivers every major story every day directly to your e-mail address. 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