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MARKETS REPORTEastern Weather-Driven Strength Can’t Offset Wider Weakness; October Slumps Again

As the heat wave baking the East and Northeast continued, so did the strength in next-day gas prices for Thursday delivery. Unre-lenting heat, prompting high power loads and temperatures as much as 10 degrees above normal, pushed quotes in New England well over $4.00 and kept next-day gas in the Mid-Atlantic firm as well.

The robust pricing in the East, however, was not enough to elevate the entire market and weakness more in tune with the sagging screen at most other points pulled the market lower.

Overall physical prices were down 3 cents. Futures continued the trek lower begun on Tuesday and Oc-tober slid another 4.3 cents to $3.847 and November fell 4.4 cents to $3.894. October crude oil staged a healthy rebound from Tuesday’s drubbing and

LIQUEFIED NATURAL GASLouisiana LNG Project Gets FTA Export OK

The U.S. Department of Energy has granted free trade agreement (FTA) liquefied natural gas (LNG) export au-thority to Louisiana LNG Energy LLC (LLNG), which is pursuing develop-ment of a terminal on the Mississippi River in Plaquemines Parish, LA.

Houston-based LLNG was autho-rized to export the liquefied equivalent of 103.4 Bcf per year (0.28 Bcf/d) for a 25-year term on its own behalf and as an agent for others to countries that have FTAs with the United States. The company has an application pending to export the same amount to non-FTA countries. The FTA and ...cont' pg. 8

...cont' pg. 2

PRODUCTIONRecord Natural Gas Volumes Increasing Demand in Pennsylvania

Pennsylvania likely became a net natural gas exporter in late 2009, but growing supplies are still whetting the state’s appetite for more, according to an analysis by Pennsylvania State Uni-versity’s Marcellus Center for Outreach and Research.

In its latest review of the raw production data submitted to the state Department of Environmental Protec-tion and released earlier this month (see Daily GPI, Aug. 19), MCOR found a correlation between growing supplies and demand in Pennsylvania. The state has increased its annual consumption by about 13% in the last four years, or just above 110 Bcf, to 1 Tcf, while the state’s power generation sector has in-creased its consumption by 24% annu-ally, or nearly 70 Bcf at the same time.

“Even given the rather significant increase in consumption, shale produc-tion still made the state a

EXPORTS/IMPORTSEmbrace U.S. Energy Exports, Says Shell CEO

U.S. natural gas and oil exports would reinforce North America’s long-term energy production future, improve the domestic trade bal-ance and stabilize the global energy system, Royal Dutch Shell plc’s chief said Tuesday.

“Policymakers here in the United States should embrace a truly liberalized, diverse and global energy market,” CEO Ben van Beur-

den told an audience at New York’s Columbia University. He was keynote speaker at a forum at the Center on Global Energy Policy.

Several liquefied natural gas export projects quickly are moving through the regulatory queue. Most U.S. crude exports have been banned since the oil embargo of the 1970s, but the unconventional oil boom has prompted discussions to lift the ban. Meanwhile, the Department of

THURSDAY, SEPTEMBER 4, 2014 - VOL. 22, NO. 38

Buckeye Acquires Eagle Ford-to-Corpus Christi Asset Chain

...cont' pg. 8

...cont' pg. 7

Previous 5 Days Table

Aug 27

Aug 28

Aug 29

Sep 02

Sep 03

October Futures 4.003 4.044 4.065 3.890 3.847

Henry Hub 3.99 4.02 4.02 4.01 3.94

Chicago 4.01 4.01 4.02 4.00 3.92

AGT Citygate 2.92 2.75 3.81 4.31 4.32

Opal 3.89 3.90 3.86 3.81 3.78

SoCal Bdr. Avg. 4.17 4.17 4.18 4.13 4.09

NOVA 3.83 3.83 3.77 3.73 3.66More Detailed Market Prices on Pages 2-5.

INSIDE THIS ISSUE

State, Feds OK Expansion of Formosa Petrochemical Plant in Texas . . . . . . . . . 5

Increased CNG Use Prompts Winter Safety Alert . . . . . . . . . . . 6Industry Briefs . . . . . . . . 9

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CASH MARKET PRICESadded $2.66 to $95.54/bbl.

Temperatures along the East Coast were forecast to not only remain well above normal, but were expected to keep rising into the weekend. AccuWeather.com predicted that the Wednesday high in Boston of 83 would reach 85 on Thursday and 88 by Friday. The seasonal high is 76. New York City’s 85 high on Wednesday was seen advancing to 86 Thursday and 87 Friday; the normal early September high is 80. Baltimore’s 82 maximum Wednesday was forecast to jump to 88 Thursday and 91 on Friday. The seasonal high in Baltimore is 82.

“Unseasonable warmth for early September will continue along much of the Atlantic Seaboard into Saturday with tens of millions now back in school and work,” said AccuWeather.com meteorolo-gists. “The combination of temperature, humidity, sunshine, light winds and other factors will push [heat index] temperatures from Atlanta and Savannah, GA, to Philadelphia and New York City past the 90-degree mark most days this week, [and] on occasion, [heat index] temperature will approach 100 F for a few hours during the late morning and afternoon in some cities.”

If that weren’t enough, the forecasters predicted another “surge of heat and humidity will push northward by Friday. New York City had its hottest day of the summer on Tuesday with a high of 92 F. [Heat index] temperatures climbed well above 100 F at Atlanta, Charlotte, NC, and Richmond, VA on Tuesday.

Most nights will remain uncomfortably warm and humid, especially in urban areas along the Interstate 95 corridor this week. The combination of high and low temperatures through Saturday will average about 10 degrees above normal.”

According to AccuWeather.com meteorologist Paul Pastelok, “the unseasonable warmth and high humidity will continue through Saturday over much of the South. After a slight dip in temperatures and humidity levels Wednesday into Thursday, both will spike Friday into Saturday.

“Relief from the Delmarva Peninsula to the Carolinas and northern Georgia will have to wait until later this coming weekend, when a stronger push of cooler and less humid air will arrive and will reach through the mid-Atlantic and part of the South.”

Elevated power loads in New England and the Mid-Atlantic were seen dipping on Thursday before climbing Friday. ISO New England forecast Wednesday’s peak load of 20,300 ...cont' pg. 3

. . . from MARKETS REPORT - Eastern Weather-Driven Strength, pg., 1

...cont' pg. 3

Trade Date: Sep 03; Flow Date(s): Sep 04RANGE AVG CHG VOL DEALS

South TexasAgua Dulce -- -- -- -- --Florida Gas Zone 1 3.89-3.89 3.89 -0.07 23 2NGPL S. TX 3.80-3.84 3.82 -0.05 45 12Tennessee Zone 0 South 3.76-3.83 3.80 -0.06 230 51Texas Eastern S. TX 3.86-3.87 3.87 -0.08 32 8Transco Zone 1 3.82-3.85 3.84 -0.11 13 8S. TX Regional Avg. 3.76-3.89 3.82 -0.07 342 81

East TexasCarthage 3.79-3.84 3.82 -0.09 44 12Houston Ship Channel 3.90-3.95 3.92 -0.06 54 8Katy 3.86-3.92 3.88 -0.11 302 54NGPL TexOk 3.79-3.85 3.83 -0.07 636 101Tennessee Zone 0 North 3.80-3.81 3.81 -0.09 14 6Texas Eastern E. TX 3.75-3.79 3.79 -0.09 23 10Transco Zone 2 3.89-3.89 3.89 -0.15 1 4E. TX Regional Avg. 3.75-3.95 3.85 -0.07 1,072 195

West Texas/SE New MexicoEl Paso Permian 3.80-3.88 3.82 -0.06 844 138Transwestern 3.80-3.80 3.80 -0.06 55 10Waha 3.78-3.92 3.85 -0.06 170 27W. TX Regional Avg. 3.78-3.92 3.83 -0.05 1,069 175

MidwestAlliance 3.92-3.94 3.93 -0.08 37 6ANR ML7 -- -- -- -- --Chicago Citygate 3.90-3.95 3.92 -0.08 631 105Consumers Energy 3.95-4.02 3.99 -0.07 201 40Dawn 3.99-4.04 4.02 -0.07 853 131Emerson 3.89-3.95 3.92 -0.09 139 25Joliet 3.91-3.94 3.93 -0.07 258 45Michigan Consolidated 3.95-4.00 3.96 -0.09 682 125St. Clair 3.97-4.01 4.00 -0.08 207 25Midwest Regional Avg. 3.89-4.04 3.97 -0.08 2,968 496

MidcontinentANR SW 3.65-3.78 3.75 -0.07 82 20Enable East 3.76-3.78 3.77 -0.04 23 7Enable West -- -- -- -- --NGPL Amarillo Mainline 3.83-3.83 3.83 -0.07 26 5NGPL Midcontinent 3.70-3.80 3.77 -0.05 286 52Northern Border Ventura 3.85-3.88 3.86 -0.07 146 30Northern Natural Demarc 3.88-3.91 3.89 -0.06 161 39Northern Natural Ventura 3.85-3.89 3.87 -0.06 207 33OGT 3.62-3.71 3.68 -0.06 352 53Panhandle Eastern 3.68-3.75 3.71 -0.07 141 49Southern Star 3.72-3.82 3.76 -0.07 63 12Midcontinent Regional Avg. 3.62-3.91 3.78 -0.06 1,481 300

North Louisiana/ArkansasEnable South 3.76-3.77 3.76 -- 20 4Mississippi River Transmission -- -- -- -- --NGPL Gulf Coast Mainline 3.84-3.86 3.85 -0.08 30 4Perryville 3.84-3.91 3.89 -0.06 52 3Texas Eastern, M1, 24 4.00-4.00 4.00 -- 5 1Texas Gas Zone 1 3.81-3.86 3.84 -0.10 288 54Trunkline Zone 1A 3.83-3.87 3.86 -0.09 189 35N. LA Regional Avg. 3.76-4.00 3.85 -0.09 584 101

South LouisianaANR SE 3.82-3.87 3.86 -0.09 145 38Columbia Gulf Mainline 3.82-3.86 3.85 -0.09 431 74Columbia Gulf onshore 3.84-3.87 3.86 -0.09 172 24Florida Gas Zone 2 3.92-3.93 3.93 -0.08 19 2Henry Hub 3.91-3.96 3.94 -0.07 335 57Southern Natural 3.85-3.90 3.88 -0.10 383 71Tennessee Line 500 3.85-3.87 3.87 -0.09 205 50Tennessee Line 800 3.80-3.88 3.86 -0.08 241 55Texas Eastern E. LA 3.84-3.86 3.85 -0.08 85 16Texas Eastern W. LA 3.84-3.85 3.84 -0.12 18 4Texas Gas Zone SL 3.85-3.85 3.85 -0.09 7 1Transco Zone 3 3.83-3.95 3.90 -0.11 386 81Trunkline E. LA 3.85-3.86 3.86 -0.09 91 14Trunkline W. LA 3.87-3.90 3.89 -- 7 6S. LA Regional Avg. 3.80-3.96 3.88 -0.09 2,522 493

Alabama/MississippiFlorida Gas Zone 3 3.85-4.01 3.94 -0.15 251 50Texas Eastern M-1, 30 3.78-3.84 3.82 -0.10 40 8

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CASH MARKET PRICES (cont’d)NATURAL GAS STORAGE PRICES

Prices are in U.S.$/MMBtu except locations in the Canada section which are in Cdn$/GJ. The deals column represents the number of transactions used by NGI in the calculation of the price. The volume column is the sum of the volume of those deals, in thousand MMBtus/day. For more information, please see NGI's Price Methodology.

MW would ease to 19,400 MW Thursday before reaching 20,500 MW Friday. The New York Independent System Operator said peak load Wednesday of 26,151 MW would moderate to 26,036 MW Thursday before jumping to 26,945 MW Friday.

Consistent with the dip in expected peak power loads, next-day peak prices eased across the East. The IntercontinentalExchange re-ported Thursday peak power delivered to western New York (Zone A) fell $1.20 to $43.80/MWh, and at ISO New England’s Massachusetts Hub, next-day peak power lost $1.15 to $4.9.67/MWh. Across the broad PJM footprint, next day peak power at the PJM West delivery point fell $5.28 to $47.70/MWh.

Next-day gas deliveries at the Algonquin Citygates rose 1 cents to $4.32, and gas on Tennessee Zone 6 200 L added 8 cents to $4.25.

Packages headed for New York City on Transco Zone 6 rose 3 cents to $3.11, and packages on Tetco M-3 gained 6 cents to $2.94.

At market centers elsewhere, quotes declined along with the weak screen.

On Alliance, next-day gas was seen at $3.93, down 8 cents, and gas at the Chicago Citygates changed hands at $3.92, down 8 cents. On Michcon, Thursday parcels came in at $3.96 down 9 cents, and Consumers gas fell 7 cents to $3.99. At Demarcation, gas fell 6 cents to $3.89.

Producing zones were also soft. Gas on ANR SE shed 9 cents to $3.86, and packages at the Henry Hub garnered $3.94, 7 cents less than Tuesday’s trading. Gas at Transco Zone 3 was seen down 11 cents to $3.90, and gas on Tennessee 500 L was quoted at $3.87, down 9 cents.

Thursday’s Energy Information Administration storage report might be able to give the bulls a means to recover from the last two days’ nearly 22-cent shellacking seen in the October contract. A report less than trader expectations often causes abrupt price ...cont' pg. 4

This table is essentially an extension of our regular cash market price table, so therefore, all applicable footnotes for those prices apply to these as well. The reason we list storage deals in a separate table is that storage transactions are more seasonal, and tend to be less liquid on a day-to-day basis than delivered-to-pipeline locations. The Katy, Perryville, and Waha storage prices are listed the same here as they are in the main cash price table.

Trade Date: Sep 03; Flow Date(s): Sep 04RANGE AVG CHG VOL DEALS

Transco Zone 4 3.86-3.95 3.91 -0.11 813 127AL/MS Regional Avg. 3.78-4.01 3.91 -0.12 1,104 185

FloridaFGT Citygate -- -- -- -- --

Rocky MountainsCheyenne Hub 3.76-3.81 3.79 -0.05 222 38CIG 3.60-3.74 3.72 -0.07 130 31CIG DJ Basin 3.73-3.73 3.73 -0.07 10 2El Paso Bondad 3.80-3.83 3.82 -0.05 256 38El Paso non-Bondad 3.82-3.85 3.83 -0.04 475 81Kern River 3.76-3.81 3.78 -0.03 385 78Kingsgate 3.67-3.70 3.69 -0.03 240 43Northwest S. of Green River 3.71-3.77 3.75 -0.03 200 28Northwest Sumas 3.73-3.77 3.75 -0.03 174 36Northwest Wyoming Pool 3.74-3.76 3.76 -0.02 108 16Opal 3.75-3.81 3.78 -0.03 833 123Questar 3.73-3.77 3.75 -0.03 9 6Stanfield 3.74-3.77 3.76 -0.02 238 28Transwestern San Juan 3.82-3.85 3.84 -0.07 147 28White River Hub 3.76-3.78 3.76 -0.05 101 18Rocky Mtns. Regional Avg. 3.60-3.85 3.78 -0.04 3,378 573

NortheastAlgonquin Citygate 4.10-4.50 4.32 0.01 295 74Algonquin Receipts -- -- -- -- --Clarington (non-Tenn) -- -- -- -- --Clarington, Tennessee -- -- -- -- --Columbia Gas 3.87-3.95 3.91 -0.08 547 113Dominion South 2.60-2.71 2.66 0.05 746 168Dominion North 2.62-2.67 2.65 0.04 70 15Dracut -- -- -- -- --Iroquois Zone 1 -- -- -- -- --Iroquois Zone 2 4.03-4.12 4.10 -0.13 99 22Iroquois, Waddington 4.00-4.14 4.09 -0.11 316 54Lebanon 3.91-3.92 3.92 -0.04 50 5Leidy Hub -- -- -- -- --Millennium East Pool 2.58-2.62 2.60 0.03 147 30Niagara -- -- -- -- --Tenn Zone 4 200L 2.68-2.90 2.79 -0.06 135 29Tennessee Zn 4 313 Pool 2.61-2.80 2.70 -0.04 142 40Tennessee Zn 4 Marcellus 2.34-2.48 2.40 0.02 252 69Tenn Zone 5 200L 2.95-4.25 3.50 0.31 204 14Tenn Zone 5 300L 2.60-2.73 2.66 -0.01 17 4Tenn Zone 6 200L 4.20-4.30 4.25 0.08 290 49Tenn Zone 6 300L 2.60-2.60 2.60 -0.12 1 2Texas Eastern M-2, 30 2.60-3.20 2.86 0.09 419 87Texas Eastern M-2, 30 Delivery 3.10-3.20 3.15 -0.08 122 4Texas Eastern M-2, 30 Receipt 2.60-2.82 2.75 0.08 298 83Texas Eastern M-3 2.75-3.00 2.93 0.05 850 166Texas Eastern M-3, Delivery 2.85-3.00 2.94 0.06 812 156Texas Eastern M-3, Receipt 2.75-2.98 2.88 0.10 38 10Transco Zone 5 3.97-4.05 4.01 -0.10 395 66Transco Zone 6 non-NY 3.00-3.15 3.07 0.06 464 98Transco Zone 6 non-NY North 3.00-3.15 3.07 0.06 464 98Transco Zone 6 non-NY South -- -- -- -- --Transco Zone 6 NY 3.04-3.16 3.11 0.03 265 53Transco-Leidy Line 2.43-2.58 2.51 0.10 273 75Northeast Regional Avg. 2.34-4.50 3.25 0.07 5,967 1,233

Arizona/NevadaEl Paso S. Mainline/N. Baja 4.16-4.20 4.17 -0.03 155 20Kern Delivery 4.06-4.12 4.08 -0.04 512 72

CaliforniaMalin 3.83-3.87 3.85 -0.02 576 79PG&E Citygate 4.36-4.39 4.38 -0.09 767 95SoCal Citygate 4.32-4.35 4.33 -0.03 553 74Southern Border, PG&E 3.97-4.02 3.99 -0.09 483 57SoCal Border Avg. 3.99-4.18 4.09 -0.04 1,142 141California Regional Avg. 3.83-4.39 4.14 -0.02 3,518 446National Avg. 2.34-4.50 3.76 -0.03 24,664 4,370

CanadaEmpress 3.63-3.68 3.66 -0.06 294 56NOVA/AECO C 3.63-3.68 3.66 -0.07 1,369 132Westcoast Station 2 3.31-3.37 3.34 -0.08 48 15

Trade Date: Sep 03; Flow Date(s): Sep 04STORAGE HUB RANGE AVG CHG VOL DEALSCaliforniaSoCal Gas Storage -- -- -- -- --LouisianaBobcat Storage -- -- -- -- --Egan Hub 3.88-3.93 3.90 -0.07 52 5Perryville 3.84-3.91 3.89 -0.06 52 3Pine Prairie 3.87-3.87 3.87 -0.11 40 8MichiganBluewater Hub 4.05-4.05 4.05 -- 5 1MississippiPetal/Hattiesburg -- -- -- -- --Southern Pines -- -- -- -- --OklahomaSalt Plains -- -- -- -- --TexasGolden Triangle Storage -- -- -- -- --Katy 3.86-3.92 3.88 -0.11 302 54Moss Bluff -- -- -- -- --N. Texas Tolar Hub 3.77-3.77 3.77 -0.11 15 2Tres Palacios -- -- -- -- --Waha 3.78-3.92 3.85 -0.06 170 27WyomingRyckman Creek -- -- -- -- --

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Trade Date: Sep 03CONTRACT OPEN HIGH LOW SETTLE CHANGE

Oct-14 3.8910 3.9170 3.8290 3.8470 -0.0430Nov-14 3.9380 3.9620 3.8780 3.8940 -0.0440Dec-14 4.0180 4.0390 3.9620 3.9760 -0.0420Jan-15 4.1000 4.1100 4.0370 4.0500 -0.0420Feb-15 4.0810 4.0880 4.0240 4.0370 -0.0410Mar-15 4.0150 4.0190 3.9550 3.9720 -0.0370Apr-15 3.8020 3.8020 3.7490 3.7720 -0.0180May-15 3.7810 3.7850 3.7370 3.7590 -0.0170Jun-15 3.8020 3.8050 3.7640 3.7820 -0.0170Jul-15 3.8300 3.8350 3.7890 3.8110 -0.0170Aug-15 3.8360 3.8430 3.7970 3.8190 -0.0160Sep-15 3.8250 3.8300 3.7850 3.8070 -0.0160Oct-15 3.8620 3.8670 3.8190 3.8440 -0.0150Nov-15 3.9620 3.9650 3.9190 3.9410 -0.0150Dec-15 4.1090 4.1250 4.0690 4.0900 -0.0150Jan-16 4.2330 4.2330 4.1860 4.2100 -0.0150Feb-16 4.2130 4.2130 4.1780 4.1890 -0.0130Mar-16 4.1250 4.1250 4.1070 4.1200 -0.0110Apr-16 3.9100 3.9150 3.8850 3.9120 -0.0010May-16 3.9250 3.9260 3.9150 3.9150 -0.0020Jun-16 3.9430 3.9430 3.9430 3.9430 -0.0030Jul-16 3.9820 3.9850 3.9720 3.9720 -0.0050Aug-16 3.9800 3.9800 3.9800 3.9800 -0.0050Sep-16 3.9630 3.9780 3.9630 3.9680 -0.0050Oct-16 3.9850 3.9970 3.9850 3.9970 -0.0040Nov-16 4.0880 4.0890 4.0800 4.0800 -0.0040Dec-16 4.2460 4.2520 4.2460 4.2520 -0.0040Jan-17 4.3820 4.3820 4.3820 4.3820 -0.0040Feb-17 4.3600 4.3610 4.3600 4.3610 -0.0030Mar-17 4.2990 4.2990 4.2990 4.2990 -0.0020Apr-17 4.0360 4.0360 4.0360 4.0360 0.0030May-17 4.0490 4.0490 4.0490 4.0490 0.0030Jun-17 4.0840 4.0840 4.0840 4.0840 0.0030Jul-17 4.1230 4.1230 4.1230 4.1230 0.0030Aug-17 4.1380 4.1380 4.1380 4.1380 0.0030Sep-17 4.1330 4.1330 4.1330 4.1330 0.0030

Source: CME Group, Inc. Updates provided by CSI.

rallies once the number is released at 10:30 a.m. EDT.Estimates, however, have a decidedly bearish tone as industry

experts expect gains in storage well above historical norms. Last year 60 Bcf was injected and the five-year average is for a 56 Bcf build. United ICAP predicts an injection of 72 Bcf and Houston-based IAF Advisors calculates a 76 Bcf increase. A Reuters survey of 23 traders and analysts revealed an average 73 Bcf with a range of 68 Bcf to 76 Bcf.

Wells Fargo analysts David Tameron and Gordon Douthat took a look at Tuesday’s price action and put it into a kind of historical perspective. “We looked at the past five years’ price action for the same day and saw that [Tuesday’s] drop was the largest since 2008. Meanwhile, between 2009-2013, price movement the day after Labor Day ranged from minus 2% to 3% with the average about 1.3% — so what gives?”

Tuesday’s free-fall of more than 4% clearly falls outside that range, and Tameron and Douthat admitted they aren’t quite sure why the drop was so large. They offered the observation that “sentiment swings to extremes, and there is seasonality in natural gas prices, [and]...over the past 20 years, the October contract has finished higher than the September contract 16 of 20 years with average up-tick about 12.5%. This could lead to short-term opportunities within gas-levered names.”

By all accounts, any 12.5% rise in the October contract is going to have to fight some serious production headwinds. Tameron and Douthat note that the EIA’s monthly report for June issued last Friday found that on a year/year (y/y) basis, “Lower 48 production grew 5 Bcf/d (plus 6.8%) while total U.S. production was up 5.61 Bcf/d (plus 6.9%); ‘Other States’ posted the largest (and quite impressive, in our view) y/y rise at 5.1 Bcf/d (plus 19.6%) while Louisiana posted the largest decline (minus 15.3%, or mus 1 Bcf/d)” ([see Daily GPI, Aug. 29).

Tuesday’s nearly 18-cent drubbing underscores just what kind of weather and temperature regime is necessary these days

Source: Genscape. Flow volume is in thousand MMBtus and is taken from the evening nomination cycle on the day prior to actual flow into the specified points. Excludes volumes delivered from or into LDC systems (except MichCon), intrastate pipelines, and gathering systems. These data are updated first at naturalgasintel.com/flowdata-imports. A more detailed version of this table that breaks out U.S. natural gas imports from and exports to Canada, Mexico, and LNG facilities is also available on our website.

Genscape can be reached at natgassales@genscape.com

HENRY HUB FUTURES PRICES

...cont' pg. 5

Region % Power % Change MDC (MW) MW OfflineNortheast 93 -1 25,412 1,685Southeast 86 0 32,475 4,543Midwest 93 0 21,011 1,495West 85 0 21,134 3,074Total 89 0 100,031 10,797

Source: Nuclear Regulatory Commission. How to Interpret These Data: The bar chart depicts the Maximum Daily Capacity (MDC) power in Megawatts (MW) generated as a percentage of maximum power generation across all nuclear reactors in the United States for the date listed. The tabular data breaks down those percentages into the four regions and adds a column showing the Megawatts offline in each region. For updated reports or to see a breakdown to the individual nuclear unit level, please visit: naturalgasintel.com/nrc

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The U.S. Environmental Protection Agency (EPA) issued a greenhouse gas (GHG) permit for the facility on Aug. 5. Specifically, the agency issued three GHG Prevention of Significant Deterioration construction permits for actions at the facility’s turbines, olefins and low density polyethylene (LDPE) units.

Regulators with the Texas Commission on Environmental Qual-ity (TCEQ) followed suit, issuing a preliminary decision to issue an air quality permit [No. 20203] for the facility on Aug. 5. TCEQ later is-sued an amended preliminary decision to issue the permit on Aug. 13.

According to regulators, Formosa will add two new gas-fired combined-cycle gas turbines — each with 80 MW of generation capacity — to the facility’s existing chemical utility unit, which fol-lowing the expansion will consist of six existing GE 7EA gas-fired turbines and two new ones of the same model, with duct burners.

The expansion is expected to create 1,800 construction jobs and 225 permanent jobs.

The EPA said it has approved 50 GHG permits in Texas alone, and has received 83 applications for them since 2011. The agency added that among the states, Texas is the top recipient of GHG permits, for projects collectively valued at more than $24 billion and creating more than 20,000 construction jobs in the state.

Source: Genscape and NGI's Daily Gas Price Index. Flow volume is in thousand MMBtus and is taken from the evening nomination cycle on the day prior to actual flow into or out of the pipelines at the specified location. Supply represents gas that flows into a pipeline from producers, gathering lines, and the tailgates of processing plants, and is therefore a proxy for production. Demand measures gas that is delivered either to a citygate, or to end-users along a pipeline. Imports show gas flows into a pipeline from interconnects with other pipelines, while Exports indicate gas that is delivered into other pipelines. Not all of these statistics are applicable to each pipeline or Hub. D/D Chg expresses the volume change between the most recent gas day and day-ago flows. Y/Y Chg represents the volume from the current and year-ago gas days. NGI's Daily Spot Price is the price per MMBtu for "day-ahead" gas as defined in NGI's Price Methodology for gas to be delivered on the flow day expressed at the top of this chart. Difference to Henry Hub displays the difference between each market price and the NGI's Daily Gas Price Index price for the comparable time period.

Genscape can be reached at natgassales@genscape.com

to score even a neutral storage result, according to Tim Evans of Citi Futures Perspective. Evans calculates a 70 Bcf build for Thursday’s EIA storage report but sees future injections approaching 100 Bcf. The current year-on-five-year deficit stands at 518 Bcf, and if Evans’ figures are correct, that will narrow to 466 Bcf by Sept. 19.

“With seasonal cooling demand tapering off, we note the rate of storage injections will also be rising in the weeks ahead, with an associated risk that we may see new lows in price before heating demand ramps high enough to bring the market back into a stronger seasonal balance.”

Evans still ultimately favors the long side with a limit buy order in the October contract at $3.68 concurrent with a protective sell stop at $3.48 to limit risk on the trade.

FEEDSTOCKState, Feds OK Expansion of Formosa Petrochemical Plant in Texas

Federal and state regulators have issued air quality permits to Formosa Plastics Corp. for a $2 billion expansion project at its petrochemical plant in Point Comfort, TX.

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hazard if weather warms or a vehicle is parked indoors, the two organizations said.

The CVEF recently issued a technical bulletin, “Reliable Tem-perature Compensation Is Critical to CNG Vehicle Safety,” stating that there are potential hazards from a failure of CNG dispensers to accurately compensate for temperature.

“Proper temperature compensation is essential to safely fuel CNG vehicles, regardless of the station type,” the bulletin said. “Seri-ous incidents” have resulted from the overfilling of CNG containers at both fast-fill and time-fill facilities.

Recommendations include:• CNG station operators contact their fast- and time-fill dis-

penser suppliers to ensure that they are using the

Trade Date: Sep 03; Flow Date(s): Sep 04

FIRM PHYSICAL NATURAL GAS PRICE BULLETIN

HUB HIGH LOW AVG CHG VOLUME # TRDSAlgonquin Citygates $4.5000 $4.2000 $4.3378 0.0234 129,600 33Col Gas TCO $3.9500 $3.8700 $3.9098 -0.0815 292,300 62Dominion-North $2.6700 $2.6300 $2.6484 0.0404 97,400 23Dominion-South $2.7100 $2.6000 $2.6638 0.0515 454,300 95Iroquois (into) $4.1400 $4.0000 $4.0798 -0.1123 115,100 25Iroquois-Z2 $4.1200 $4.0300 $4.1010 -0.1330 49,200 11Leidy-Transco $2.5800 $2.4500 $2.5083 0.0628 127,100 35Millennium EP $2.6200 $2.5800 $2.6002 0.0231 65,800 14PNGTS $4.5000 $4.5000 $4.5000 -- 10,500 2REX E-ANR $3.9200 $3.8900 $3.9104 -0.0479 58,300 10REX E-MidW $3.9100 $3.9100 $3.9100 -0.0458 17,500 3REX E-PEPL $3.9200 $3.9100 $3.9177 -0.0392 6,500 2TETCO-M2 (receipt) $2.8200 $2.6000 $2.7476 0.0664 122,800 36TETCO-M3 $2.9950 $2.8700 $2.9351 0.0549 397,500 77TGP-Z4 Marcellus $2.4800 $2.3800 $2.4067 0.0324 119,900 34TGP-Z4 Sta-219 $2.7800 $2.6800 $2.7233 -0.1362 33,500 10TGP-Z4 Sta-313 $2.7500 $2.6100 $2.6933 -0.0470 64,200 18TGP-Z6 200L $4.3000 $4.2000 $4.2584 0.0734 89,100 20Transco-Z5 (non-WGL) $4.0300 $3.9700 $4.0043 -0.1051 167,500 31Transco-Z6 (non-NY north) $3.1500 $3.0000 $3.0694 0.0473 216,600 46Transco-Z6 (NY) $3.1500 $3.0400 $3.1052 0.0264 95,900 22ANR-LA $3.8900 $3.8200 $3.8638 -0.0875 92,300 21ANR-SE-T $3.8900 $3.8200 $3.8638 -0.0875 92,300 21Carthage $3.8350 $3.7900 $3.8173 -0.0904 22,000 6CG-Mainline $3.8575 $3.8200 $3.8475 -0.0951 215,500 37CG-Onshore $3.8700 $3.8400 $3.8609 -0.0927 85,600 12FGT-Z3 $4.0100 $3.8500 $3.9396 -0.1531 115,500 23Henry $3.9550 $3.9100 $3.9384 -0.0696 181,900 31Houston Ship Channel $3.9500 $3.9050 $3.9156 -0.0715 26,800 4Katy $3.9050 $3.8600 $3.8844 -0.1046 153,400 28Katy-Lonestar Inter $3.8900 $3.8700 $3.8804 -0.0896 77,400 10Katy-Oasis $3.9050 $3.8800 $3.8885 -0.1043 66,800 15Moss Bluff Inter $3.9100 $3.9000 $3.9027 -0.1136 55,000 8NGPL-STX $3.8350 $3.8000 $3.8193 -0.0565 22,400 6Nortex-Tolar Hub $3.7700 $3.7700 $3.7700 -0.1143 7,500 1Pine Prairie $3.8700 $3.8700 $3.8700 -0.1100 20,000 4Sonat-T1 $3.9000 $3.8500 $3.8816 -0.0985 176,100 35TETCO-ELA $3.8600 $3.8400 $3.8492 -0.0801 42,500 8TETCO-ETX $3.7900 $3.7500 $3.7868 -0.0981 11,300 5TETCO-M1 30 $3.8000 $3.7850 $3.7960 -0.1190 10,000 3TETCO-STX $3.8750 $3.8650 $3.8690 -0.0835 20,600 5TETCO-WLA $3.8500 $3.8400 $3.8444 -0.1115 9,000 2TGP-500L $3.8700 $3.8500 $3.8657 -0.0983 102,500 25TGP-800L $3.8800 $3.8000 $3.8568 -0.0847 115,200 27TGP-Z0 $3.8200 $3.7600 $3.8018 -0.0616 120,000 28TGT-Mainline $3.8600 $3.8100 $3.8460 -0.0921 125,900 24TGT-North LA $3.8400 $3.8300 $3.8344 -0.0998 18,000 3Transco-30 $3.8500 $3.8200 $3.8385 -0.1130 6,500 4Transco-45 $3.8900 $3.8900 $3.8900 -0.1467 400 2Transco-65 $3.9500 $3.8450 $3.9045 -0.1060 192,300 41Transco-85 $3.9500 $3.8625 $3.9075 -0.1082 377,900 63Trunkline-ELA $3.8650 $3.8550 $3.8591 -0.0954 48,200 8Trunkline-WLA $3.8950 $3.8700 $3.8903 -0.0397 3,100 3Trunkline-Z1A $3.8700 $3.8350 $3.8572 -0.0879 90,900 17Alliance Delivered $3.9400 $3.9200 $3.9334 -0.0770 49,500 7ANR-SW $3.7750 $3.6500 $3.7532 -0.0649 40,800 10APC-ACE $3.9400 $3.9200 $3.9334 -0.0770 49,500 7Chicago Citygates $3.9450 $3.9000 $3.9240 -0.0735 270,900 47Consumers $4.0100 $3.9600 $3.9914 -0.0701 92,100 17

HUB HIGH LOW AVG CHG VOLUME # TRDSDemarc $3.9100 $3.8800 $3.8895 -0.0606 88,100 20EGT-Flex $3.7600 $3.7600 $3.7600 -0.0489 6,900 3EGT-South $3.7700 $3.7600 $3.7650 -0.0850 10,000 2Enable West Pool $3.7900 $3.7400 $3.7603 -0.0513 38,900 7Lebanon $3.9200 $3.9100 $3.9150 -0.0489 20,000 2Michcon $4.0000 $3.9500 $3.9652 -0.0823 328,300 61NBPL-Vector $3.9400 $3.9150 $3.9246 -0.0660 100,500 18NBPL-Ventura $3.8800 $3.8500 $3.8635 -0.0672 60,800 12NBPL-Will County $3.9300 $3.9200 $3.9238 -0.0679 16,000 2NGPL-Amarillo $3.8300 $3.8300 $3.8300 -0.0646 8,600 2NGPL-GC Mainline $3.8550 $3.8400 $3.8500 -0.0751 15,000 2NGPL-Midcont Pool $3.8000 $3.7000 $3.7694 -0.0525 146,300 26NGPL-Nicor $3.9400 $3.9000 $3.9206 -0.0785 157,300 26NGPL-Nipsco $3.9450 $3.9250 $3.9357 -0.0863 58,800 10NGPL-TXOK $3.8500 $3.7900 $3.8338 -0.0698 311,200 50NNG-Mid 1-7 $3.7700 $3.7700 $3.7700 -0.0600 7,100 1NNG-Ventura $3.8900 $3.8500 $3.8669 -0.0629 85,400 14OGT $3.7050 $3.6200 $3.6781 -0.0577 171,900 26Panhandle $3.7500 $3.6800 $3.7145 -0.0629 68,800 23PGLC $3.9300 $3.9000 $3.9202 -0.0758 38,800 9Southern Star $3.7550 $3.7500 $3.7511 -0.0754 22,200 4Ventura $3.8900 $3.8500 $3.8655 -0.0646 146,200 26Cheyenne $3.8100 $3.7600 $3.7917 -0.0505 104,300 18CIG-Mainline $3.7400 $3.6000 $3.7187 -0.0754 61,100 15CIG-Mainline South $3.7300 $3.7300 $3.7300 -0.0400 5,000 1EP-Permian $3.8300 $3.8000 $3.8213 -0.0545 356,000 58EP-S.Mainline $4.2000 $4.1600 $4.1707 -0.0251 77,500 10EP-SJ Blanco Pool $3.8500 $3.8200 $3.8265 -0.0480 246,600 43EP-SJ Bondad $3.8225 $3.8000 $3.8180 -0.0500 127,700 19EP-Waha $3.8750 $3.8250 $3.8375 -0.0546 69,900 11Kingsgate $3.6950 $3.6700 $3.6897 -0.0279 102,600 20KRGT-Del Pool $4.1200 $4.0600 $4.0774 -0.0378 249,600 35KRGT-Rec Pool $3.8050 $3.7600 $3.7835 -0.0275 117,600 28Malin $3.8700 $3.8300 $3.8478 -0.0209 209,000 27NWP-Rocky Mtn $3.7700 $3.7100 $3.7484 -0.0321 87,300 13NWP-Wyoming $3.7600 $3.7450 $3.7574 -0.0237 54,000 8Oasis - Waha Pool $3.8600 $3.8000 $3.8366 -0.0497 33,700 6Opal Plant Tailgate $3.8100 $3.7575 $3.7758 -0.0371 273,800 39PG&E - Citygate $4.3900 $4.3600 $4.3795 -0.0916 408,100 52PG&E-Topock $4.0200 $3.9700 $3.9866 -0.0951 241,100 28Pioneer $3.8000 $3.7700 $3.7839 -0.0786 70,000 10Questar-North $3.7350 $3.7350 $3.7350 -0.0350 500 1Questar-South $3.7700 $3.7500 $3.7550 -0.0250 4,000 2Ruby-Onyx Hill $3.8650 $3.8400 $3.8524 -0.0265 60,600 11SoCal Border $4.1800 $4.0000 $4.0965 -0.0330 523,500 66Socal-Citygate $4.3450 $4.3250 $4.3327 -0.0317 276,400 37Socal-Ehrenberg $4.1800 $4.1600 $4.1705 -0.0318 178,000 22Socal-Kramer $4.1100 $4.0600 $4.0638 -0.0451 80,000 12Socal-KRS $4.1000 $4.0500 $4.0653 -0.0356 119,000 12Socal-Needles $4.0550 $4.0300 $4.0476 -0.0543 76,500 11Socal-Topock (EP) $4.0200 $4.0000 $4.0133 -0.0717 15,000 3Socal-WR $4.0900 $4.0500 $4.0627 -0.0405 55,000 6Stanfield $3.7700 $3.7450 $3.7587 -0.0217 96,100 12TW-Blanco $3.8450 $3.8200 $3.8355 -0.0704 73,400 14TW-Central $3.8000 $3.8000 $3.8000 -0.0600 22,500 4TW-WTX $3.8000 $3.8000 $3.8000 -0.0768 5,000 1Waha $3.8675 $3.8300 $3.8590 -0.0606 65,300 18White River Hub $3.7800 $3.7600 $3.7620 -0.0468 50,100 9

All qualifying firm, physical fixed-price trades for Next Day physical gas contracts done on ICE from 6 AM to 11:30 AM CST are included in the index. © 2014 IntercontinentalExchange, Inc.

...cont' pg. 7

COMPRESSED NATURAL GASIncreased CNG Use Prompts Winter Safety Alert

Two natural gas vehicle (NGV) organizations have issued early warnings about severe cold weather and its possible effect on vehicles operating on compressed natural gas (CNG). With more of these vehicles operating on U.S. roadways, the groups are warning CNG providers and operators alike.

NGVAmerica and the Clean Vehicle Education Foundation (CVEF) are reminding CNG providers and operators to properly calibrate their equipment for winter temperatures. NGVs may be over-filled with fuel in extremely cold temperatures, leading to a

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Commerce in March ruled that Pioneer Natural Resources Co. and Enterprise Products Partners LP could export condensate, and more applications are in the offing.

All of those developments are for the good, both for the United States and for the globe, van Beurden told the audience in his first major public speech since taking over Shell in January.

Gradually lifting the ban on oil exports would benefit U.S. consumers because it would allow production to increase and keep it flowing to global refiners. That oil flow in turn likely would keep fuel prices from spiking.

“I don’t think it would be sensible to argue for an immediate opening overnight, but a systematic and gradual opening up of the export ban would be a sensible thing to do,” van Beurden explained.

Global energy demand is rising and will continue to rise, he said. But exploration companies have a duty to do more than produce oil and gas.

“Meeting energy demand is a massive challenge. But so too is the need to tackle the real and growing threat that climate change poses,” said the CEO. “Rising demand for energy and concerns over climate change are clearly the two most powerful influences shaping our energy system.”

Other factors are at work on supply and demand, potentially from oil and gas finds in other global rock formations, geopolitical tensions and the influence of new technologies.

No one fuel would improve the environment or increase the world’s energy efficiency. But natural gas is a good option, said van Beurden. Most of Shell’s global output is weighted to gas.

“Shell has long made the case for natural gas as a versatile, abundant and cleaner-burning fuel,” said van Beurden. “When burned to generate power it produces half the carbon dioxide coal does.” He cited the U.S. Environmental Protection Agency (EPA) mandate to set emission reductions targets at power plants, which should lead a reduction in U.S. power sector greenhouse gas emissions by 15%.

Shell backs EPA’s plans, said van Beurden.“At Shell we believe that natural gas also has a long-term role as

a flexible back-up to intermittent energy sources like solar and wind. A gas-fired plant can start up or stand down much more rapidly than a coal-fired plant.” ...cont' pg. 8

latest set of written instructions and maintenance schedules (NFPA 52-2013); and

• Station operators schedule annual temperature and pressure calibrations and function checks.

Also in the natural gas fueling sector, General Electric’s GE Capital Fleet Services unit has inked an agreement with Pennsylva-nia’s natural gas transportation fuel promoter, VNG.co, to help spread the use of CNG among light-duty fleet vehicle operators.

VNG’s strategy is to site CNG outlets at existing gasoline sta-tions. Its first location was a BP station in Philadelphia that opened this summer. The GE CNG-in-A-Box compressor package is being used in the effort.

VNG uses the GE system for deployment of its CNG fueling stations. GE Capital Fleet Services CEO Kristi Webb said commercial fleets increasingly want to adopt CNG vehicles.

“The barrier is the cost and availability of CNG fueling stations,” Webb said. “Our alliance with VNG is a step toward breaking down this barrier.” Next, VNG plans to locate five CNG-in-A-Box units in the Boston area.

In Maryland, a grant program wold address expanding the NGV fueling network to help alleviate “range anxiety” among operators. The Maryland Energy Administration (MEA) and the state’s Clean Cities program are jointly seeking applications for a Natural Gas Refilling Station Grant Program to help advance the state’s fueling infrastructure.

The state is making $2 million in grants available, and applica-tions will be accepted through Jan. 12. Matching funds are required.

MEA estimates it would issue four or more grants in support of privately operated, publicly accessible fast-fill stations in the state.

Both CNG and liquefied natural gas (LNG) are eligible for the grants as are combined CNG-LNG stations.

The state said one of the key concerns among fleet operators in making a switch to NGVs is the availability of refilling infrastructure.

Elsewhere, Norway-based Hexagon Lincoln recently received orders for $21 million worth of its Titan CNG mobile transport and Smartstore CNG storage modules. The trailer-mounted modules are slated for industrial use in Canada and Mexico. Hexagon’s TitanXL CNG trailer is the largest of its kind.

In Maine, Waste Management Inc., the refuse recycler/hauler, is set to receive the equivalent of 25,000 gallons of renewable natural gas through an arrangement with locally based DriveGreen and U.S. Energy Services. DriveGreen’s system connects Waste Management, the nation’s largest user of NGV refuse trucks, with fuel provider U.S. Energy Services, a unit of World Fuel Services Corp. The system al-lows operators to calculate the renewable identification number credits they can earn under the U.S. Environmental Protection Agency’s renewable fuel standard (RFS-2).

. . . from EXPORTS/IMPORTS - Embrace U.S. Energy Exports, pg., 1

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Shell also is a supporter of “strong and stable carbon pricing,” he said. “That’s a view Shell shares” with the U.S. federal govern-ment, the World Bank and the OECD, or Organization for Economic Cooperation and Development. “A well-implemented carbon pricing system would help to promote low-carbon technologies...and acceler-ate the shift to cleaner fossil fuels like natural gas. It has the added benefits of being relatively cheap to implement, and of spreading the burden fairly.”

. . . from PRODUCTION - Record Natural Gas Volumes, pg., 1net exporter of natural gas during the spring of 2011,” said MCOR in its review. “If we add in legacy conventional natural gas resources, Pennsylvania likely became a net exporter of natural gas in late 2009 or early 2010.”

In March, the U.S. Energy Information Administration said it projected 60 GW of coal-fired power plant retirements by 2020, with facilities in the Appalachian region to be among the hardest hit (see Daily GPI, March 20). A number of gas-fired power plants have been announced in Pennsylvania, Ohio and West Virginia that could eventually fill the void and provide operators with another outlet for locally produced gas (see Daily GPI, May 16; April 22; April 17).

A closer look at production data in Pennsylvania from January-June shows that new drilling, backlogged wells waiting on pipelines or completion and others likely to return to production after a period of inactivity will likely drive volumes in the state to a new record by the end of the year, MCOR said.

In the first half of 2014, gas production in the state broke another record with output of 1.94 Tcf, or about 520 MMcf more than the 1.42 Tcf reported in the year-ago period. Operators produced 3.3 Tcf of natural gas last year, mostly in the Marcellus Shale (see Shale Daily, Feb. 20). In February, MCOR said it expected production to reach between 3.8-4.5 Tcf this year, an estimate that remains unchanged.

In its latest analysis, the center said new drilling in Pennsylva-nia appears to be running 10-15% ahead of this time last year, with 1,200-1,400 new horizontal wells anticipated. Beyond the new wells expected, a significant inventory of backlogged wells are not reporting production. Roughly 1,750 wells, or about 525 more than at the end

of last year, are backlogged, MCOR found.Another 550 wells are designated by the state as regulatory

inactive, which means they have five years to return to production or be plugged. MCOR added, however, there is no clear guide as to how many inactive wells might come back online this year. It also couldn’t say how many backlogged wells might be tied-in or com-pleted this year.

In a commodities research note released in May, which analyzed last year’s data, Barclays Capital found that four of the five counties with the greatest number of backlogged wells are in northeast Pennsyl-vania, where dry gas production has been the norm (see Shale Daily, May 5). Given that operators are aiming for wetter targets in southwest Pennsylvania and oilier formations elsewhere in the country, the bank said it could be some time before the northeast inventory is reduced.

Still, a significant inventory and a sizeable number of inactive wells will likely help to grow Pennsylvania’s production stream in the coming months, MCOR said. Unconventional horizontal wells reporting production since July 2010, the center said, have averaged about 1.6 Bcf of natural gas and helped increase annual output by more than 600% since then.

. . . from LIQUEFIED NATURAL GAS - Louisiana LNG Project, pg., 1non-FTA volumes are not additive, according to the DOE order.

Exports to FTA countries are presumed to be in the public in-terest and are routinely approved by DOE’s Office of Fossil Energy. LLNG applied for its FTA and non-FTA authorizations separately in early and mid-February.

The company’s terminal would be on the east bank of the Mis-sissippi River, down river from the Port of New Orleans consisting of four 74.38 MMcf/d liquefaction trains with total annual capacity of 100 Bcf. A marine loading terminal and LNG truck loading facili-ties also are planned.

“LLNG states that it expects to enter into liquefaction ...cont' pg. 9

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Daily Gas Price Index is published daily, each business day by Intelligence Press, Inc. (800) 427-5747.For breaking natural gas and shale news and more detailed pricing data, please visit us at: http://naturalgasintel.comFor a listing of all our premium newsletters and data services, please visit: http://naturalgasintel.com/premiumservicesEditor-in-Chief & Publisher: Ellen Beswick; Executive Publisher: Dexter Steis; Managing Editor: Alex Steis (e-mail: alex.steis@natgasintel.com); Senior Editors: Carolyn L. Davis (Houston), Joe Fisher (Houston), David Bradley. Analysts: Patrick Rau (NYC) and Nathan Harrison. Associate Editors: Charlie Passut, Jamison Cocklin (Youngstown). Correspondents: Bill Burson (Denver), Richard Nemec (Los Angeles), Gordon Jaremko (Calgary). Subscriptions Manager: Barbara Bolen; Marketing and Sales Director: James Geanakos. Business Development: Stephen Bean. Subscriber Services: Cristi Nino.Contact Us: http://naturalgasintel.com/contact-us Intelligence Press, Inc. © Copyright 2014. Contents may not be reproduced, stored in a retrieval system, accessed by computer, or transmitted by any means without a site license or prior written permission of the publisher.

Daily Gas Price inDex

ThursDay, sePTember 4, 2014Volume 22, no. 38

tolling agreements (LTA) under which individual customers who hold title to natural gas will have the right to deliver that gas to LLNG and receive LNG in return,” the DOE order said. “According to LLNG, these contracts will be executed on a date closer to the date of first export.”

LLNG is owned and controlled by its five officers with each holding a 20% stake. The company told DOE it intends to transfer a controlling ownership interest from the five officers to ArcLight Capital Partners LLC, a Massachusetts-based private equity firm.

NEWSIndustry Briefs

Enable Midstream Partners LP plans to construct 200 MMcf/d of additional gas processing capacity near its Bradley Processing Plant in Grady County, OK, to serve producers in the South Central Oklahoma Oil Province, also known as SCOOP. The plant, currently under construction to provide 200 MMcf/d of capacity, is expected to be in service in 1Q2015. “Strong producer activity continues on our Anadarko Basin gathering systems, particularly in the SCOOP play,” said CEO Lynn Bourdon. “We already have critical long-lead plant infrastructure ordered and anticipate a fourth quarter 2015 startup for this additional capacity.” The additional capacity is to cost around $200 million, including plant equipment, associated compression, and installation costs. The investment was anticipated in capital guidance. Enable has added about 500,000 gross acres of SCOOP-area dedicated acreage since the end of 2013.

Hawaii Electric Co. (HE) has submitted a mandated plan to the state Public Utilities Commission designed to meet most of its future energy needs from renewable sources and natural gas-fired generation, proposing among other things to triple the amounts of distributed solar energy through 2030. While evaluating proposals for developing storage projects on Oahu by early 2017, HE also is planning to tap into liquefied natural gas (LNG) which was identified for development by Honolulu-based Hawaii Gas (see Daily GPI, April 10). Energy needs not met with renewables could be satisfied with LNG as existing oil-fired generation is phased out, HE noted. More efficient, faster-starting LNG-fired generators are expected to come online by 2030, the power utility said.

To book your table at any of the Awards presentation gala dinners or to attend one of the Industry Summits please visit www.oilandgasawards.com or email info@oilandgasawards.com

The results for this year’s finalist companies in the Oil & Gas Awards have been collected and counted. The awards judging panel have made their selections and the awards producers are pleased to share news of the companies that have been shortlisted for this year’s opening round of Oil & Gas Awards.

Winners will be announce at the Gala Dinners held in:West Coast- Bakersfield, 21st October, 2014Southwest- Dallas, 23rd October, 2014Midcontinent- Oklahoma City, 29th October, 2014

2014 Finalists:

West Coast, Southwest & Midcontinent Oil & Gas Awards finalists announced!

ABB

Access Midstream

Aggreko

Air Energi

AllenCo Well Servicing

Allied Equipment

Anterra Energy Services, Inc.

Apache Corporation

Astro Thermal Tec Inc.

Baker Hughes

Benzol

BHP Billiton

Bluewater Industries

Breitburn Energy Partners L.P.

Breitling Energy Corporation

Bridger LLC

Brown Armstrong CPA

Butler and Cook, Inc.

C&J Energy Services

CDM Resource Management LLC

Chaparral Energy

CheckPoint Pumps & Systems

Chevron

Cinco Energy Management Group

Clear Fork Royalty

Clearsign Combustion Corporation

Commercial Global Insurance Services of California, LLC

Contek Solutions LLC

Cotton Logistics

Crestwood Midstream Partners LP

DeGolyer and MacNaughton

Drillmec

E&B Natural Resources Management Corporation

Eagle Rock Energy Partners, L.P.

EIU of California Inc.

Enbase Solutions

Energy Recovery, Inc.

EnLink Midstream

Ensign United States Drilling (California) Inc.

ERG Operating Company

EV Energy Partners

Evolution Petroleum Corp

Exclusive Energy Services

Fountain Quail-Select

FTS International

Gastar Exploration Inc.

Halliburton

Hammer Construction, Inc

Hawk Industries, Inc.

Hearn Trucking, LLC

Iron Fox Trucking

JC Fodale Energy Services

JD Rush Company, Inc.

JH Kelly

Katch Kan Ltd.

Kerr Pumps

Lake Truck Lines, Inc.

Landpoint, Inc.

LINN Energy

M-L Holdings Company Crane Group

Macpherson Oil Company

Metal Supply, Inc.

MTS Solutions

Newpark Drilling Fluids

Nova Hard Banding, LLC

Oil Works, Inc.

Optellios Inc.

Packers Plus

Petro-Hunt LLC

PetroPower, LLC

Pinnergy

Pipeco Services

PLH Group

Preferred Sands

Prometheus Energy

Ramsgate Engineering, Inc.

Renzenberger

RLS Industries

Roberts Companies

Rockwater Energy Solutions

Royal Mfg. Co.

RWI Construction Inc.

Ryder System, Inc.

Santa Maria Energy

Scientific Drilling

Scott Environmental Services, Inc.

Select Energy Services

Signal Hill Petroleum

Spartan Engineering

Sun Coast Resources

Supreme Service & Specialty Co, Inc

Tachyus

TEEMCO

Templar Energy

TJ Cross Engineers, Inc.

Total Safety

Tutle & Tutle Trucking, Inc.

Waste Management, Inc.

Water Planet Engineering

Well Checked Systems International

Willbros