Gas/LNG
Avoiding the gas work
Ferc is exploring whether gas storage inventory details should be posted on adaily basis. How will this affect the development of the embryonic natural gasstorage swaps market? Paul Lyon reports
Evolution starts brokering US natural gas and power
US coal and emissions broker Evolution Markets has expanded its services to include over-the-counter (OTC) brokerage services for North American natural gas and power. Jeff Rosenzweig has joined as managing director of the new gas and power desk, and…
Pemex signs up to OpenLink’s Endur
Mexican state-owned petroleum company Petroleos Mexicanos (Pemex) has licensed OpenLink’s Endur energy trading and risk management system for its natural gas division.
Pemex signs for OpenLink’s Endur
Mexican state-owned petroleum company Petroleos Mexicanos (Pemex) has licensed OpenLink’s Endur energy trading and risk management system for its natural gas division.
Atmos Energy gets go-ahead to buy TXU gas ops for $1.9bn
Texas-based natural gas company Atmos Energy is set to buy the gas distribution and pipeline operations of TXU Gas, the largest gas utility in Texas, on October 1. TXU Gas will still exist as part of TXU Corp, a non-regulated retail electricity provider …
Storing up trouble
Utilities have become active hedgers against today’s high natural gas prices.In recent years, there has been a notable increase in both physical and financialhedging. Catherine Lacoursiere looks at whether storage is still a viable hedge
Alliant sells assets of gas marketing business
Wisconsin-based Alliant Energy Corp said yesterday that it has sold most of the assets of NG Energy Trading to BP Canada Energy Marketing Corp, but would not disclose the terms of the deal. The sale continues the trend for US energy companies to distance…
Crosspoint Ventures bids $190 million for Anadarko Canada assets
Crosspoint Ventures, the US global private equity and venture capital firm, has submitted an offer of $190 million to buy one of Canada's largest oil and gas operations from Anadarko Canada Corp., a subsidiary of Houston-based Anadarko – the eighth…
Allegheny sells West Virginia gas ops for $228m
Monongahela Power Company, a subsidiary of Pennsylvania-based Allegheny Energy, is to sell its natural gas operations in West Virginia for $141 million in cash and $87 million in assumed long-term debt to a private investment partnership.
Huberator’s hopes
APX and Fluxys subsidiary Huberator are planning to launch a gas exchange forthe Zeebrugge hub in early 2005. But is an exchange really needed by the tradingcommunity? Paul Lyon reports
US companies fined for sharing gas storage data
Three US energy companies are to pay penalties totalling $8.1 million for sharing natural gas storage inventory data with their customers and affiliates. This is the result of a settlement with US interstate energy regulator the Federal Energy Regulatory…
The standard is set
Continuing last month’s focus on documentation under which commoditiesare traded on the UK’s National Balancing Point and Belgium’s ZeebruggeHub, using Isda’s European Gas Annex. By Agnes Bizet and Kevin Wulwik
APX to launch Zeebrugge gas exchange
APX – formerly known as the Amsterdam Power Exchange – today said it will launch a natural gas exchange for the Zeebrugge hub in January 2005. APX will develop the exchange in conjunction with Huberator, a subsidiary of Fluxys, the Belgian gas…
Danish state-owned energy company signs up to Allegro
The Danish State-owned energy company, Dansk Olie og Naturgas (Dong), has signed up to use Allegro Development’s trading and risk management software for its natural gas operations.
Long wait to market
Plans to create a small natural gas exchange in Russia highlight the complicationsof gas sector reform – arriving at realistic tariffs, finding new reservesand organising transport to name a few. Maria Kielmas reports
Amerada Hess forms LNG division
US energy company Amerada Hess has formed a joint venture with an affiliate of New York-based Poten & Partners, to be known as Hess LNG. The joint venture will be based at Amerada's New York headquarters and will pursue investments in liquefied natural…
Natural gas storage swaps catch on
London-based GFI has brokered its first over-the-counter (OTC) swap based on US natural gas inventory data, between Houston-based hedge fund Centaurus and another unnamed hedge fund. Centaurus also traded a second such swap on the same day, with an…
Ken Gustafson
Shell Trading is enjoying the influx of new energy market players. JamesOckenden talks to Ken Gustafson , head of its deal structuring unit in Houston
Where gas is keener
Fearing its competitiveness is slipping, the Canadian natural gas industry islobbying for pipeline rates of return and tax policies on a par with the US.By Catherine Lacoursière
A natural standard
In the first part of a two-part series, Agnes Bizet and KevinWulwik highlightthe main issues to consider when trading under Isda’s European Gas Annex,including a close look at default events
Customerservice
Gas trading technology vendors are finding that continued market volatility is attracting clients keen to manage their exposures. But new entrants are forcing them to pick a model and stick with it. By Paul Lyon
Made in America
Bank of America has arguably built one of the most successful North American gas trading desks. Here Paul Lyon talks with Eric Nobileau, the bank’s global head of commodity sales