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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Robert Brooks <rebrooks@earthlink.net< X-To: "'GPCM Distribution'" <rebrooks@rbac.com< X-cc: X-bcc: X-Folder: \Vincent_Kaminski_Jun2001_6\Notes Folders\All documents X-Origin: Kaminski-V X-FileName: vkamins.nsf Time Slots Available on Wednesday Bob Brooks will be in Houston next week for training and demonstration of the GPCM Natural Gas Market Forecasting System. There are still two time slots available on Wednesday, December 20. If you would like to meet with Bob, please contact him at mailto:rebrooks@rbac.com or 323-663-4831. From http://www.enerfax.com: Canadian Arctic Natural Gas Development Proceeds Oil companies that are planning to tap the vast natural gas reserves in the Canadian Arctic say they will soon move past the study stage and could start preparing a regulatory application for a multibillion-dollar pipeline early next year. The group, which includes Imperial Oil, Gulf Canada Resources, Shell Canada and Exxon Mobil, started studying how to develop the 6 Tcf of reserves in the Mackenzie Delta region of the Northwest Territories about a year ago. Over the past year, other oil companies have amassed large land positions in the region, expecting a pipeline with a capacity of more than 1 Bcf per day to be built to southern markets along the Mackenzie River Valley. At the same time, major oil companies led by BP Amoco are formulating plans for developing their own reserves at Prudhoe Bay in northern Alaska, along with a pipeline. Last week, BP, Exxon Mobil and Phillips said they had joined forces to study construction of a pipeline to tap over 35 Tcf of Alaska natural gas. Industry debate has centered on which resources would be developed first, and whether they need to go ahead together. Governments, companies, northern communities and aboriginal groups all have stakes in any development that takes place, and the most optimistic guess as to when volumes could start flowing is at least five years. The Imperial-led group says it has already carried out extensive and open discussions with more than 70 parties representing a variety of interests. Imperial said the study was aided by the consortium's relationship with the Aboriginal Pipeline Group, which represents more than 30 native leaders from the Northwest Territories. Meanwhile, the group had examined various issues related to pipeline funding and ownership, with the aim of making capacity available to all producers in the region. In addition, the companies drew up a draft regulatory road map to streamline that process. Natural Gas Storage The AGA is expected to report that natural gas storage levels decreased by about 150 to 180 Bcf when its report is released this afternoon. Last week, the AGA reported storage at 2,429 Bcf for the week ending December 1st, down 73 Bcf from the previous week, and down 503 Bcf from 1999. With blizzard conditions across much of the nation this week, next weeks withdrawal is expected to be even larger, likely exceeding 200 Bcf. If that is the case, storage levels could drop below 2 Tcf before winter even officially begins. The AGA reported a 73 Bcf withdrawal for the comparable period a year ago. The five-year average is 68 Bcf. Last week, the producing region's storage decreased 11 Bcf to 611 Bcf, 64% of capacity. Producing storage levels are now 226 Bcf below a year ago. The eastern consuming region had a withdrawal of 57 Bcf to 1,495 Bcf, 81% of capacity and 163 Bcf below a year ago. The western region storage levels decreased by 5 Bcf to 323 Bcf, 64% of capacity. Western region storage levels are now 114 Bcf lower than a year ago. TETCO Plans Incremental Expansion Project for Mid-Atlantic and Northeast Texas Eastern Transmission plans an open season for its Texas Eastern Incremental Market Expansion, or TIME, a new project to bring additional supplies of natural gas to the growing mid-Atlantic and Northeast markets. TIME will combine unsubscribed existing capacity with incremental firm capacity to create a low-cost expansion option for Texas Eastern shippers. During the open season from December 11th January 12th, shippers can submit non-binding nominations to move volumes from the Gulf Coast, Chicago/Lebanon lateral and other receipt points on the TETCO system to delivery points in the Northeast. By utilizing existing capacity that initially served Midwest markets, TIME will enable TETCO to reconfigure its existing pipeline system and with modest additions to existing facilities provide significant increased capacity to mid-Atlantic and Northeast markets at existing approved rates. In recent years, the Northeast and mid-Atlantic markets have experienced renewed growth in traditional markets as well as the construction of new electric generation. With its ability to bring the capacity to market quickly, TIME is well-positioned to capture this growth. Bob Brooks GPCM Natural Gas Market Forecasting System http://gpcm.rbac.com
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