CenterPoint Energy Gas Transmission files to establish Perryville Hub

HOUSTON, Texas - CenterPoint Energy Gas Transmission Co., LLC, an indirect, wholly-owned interstate natural gas pipeline subsidiary of CenterPoint Energy, Inc., announced on March 21 a filing with the Federal Energy Regulatory Commission (FERC) to amend certain provisions in its tariff to establish a Perryville Hub Trading Point within the existing Perryville Hub that can be accessed for primary or secondary receipt and/or delivery of natural gas using the company's firm and interruptible transportation and wheeling services.

The hub will have access to receive or deliver natural gas from the 21 interconnects CEGT has with interstate pipelines in the Perryville Hub. CEGT also proposes to establish the PTP as a site for trading or title transfers of natural gas between the company's shippers and/or non-shippers.

To accommodate trading needs, CEGT also has applied to list the hub as a trading point on the Intercontinental Commodity Exchange (ICE), allowing users to manage risks confidently and in real time. Reed added that with the addition of the ICE point, the hub will also provide new and existing customers, including the growing electric power and storage markets, a liquid point to buy and sell gas. In 2013, the PVH will directly connect with the high deliverability of the seven billion cubic feet Perryville Gas Storage project, further increasing liquidity and creating additional opportunities for CEGT and its affiliate, Mississippi River Transmission's, customers.

MarkWest Energy agrees to buy EQT natural gas assets for $230 million

MarkWest Energy will pay EQT Corp. $230 million for Kentucky property.

The acquisition includes an associated natural gas liquids pipeline and a 100 million cubic feet per day cryogenic processing plant.

EQT Corporation and MarkWest Energy Partners said on Jan. 2 that MarkWest had agreed to acquire EQT's natural gas processing complex in Langley, Ky., for $230 million.

MarkWest said it will expand the cryogenic processing capacity immediately following the close of the acquisition, which is expected by the end of the first quarter.

Upon the close of the transaction, EQT will execute a long-term agreement with MarkWest to provide processing services for its Kentucky Huron/Berea shale gas, including natural gas liquids transportation, fractionation, and marketing services through 2022.

FERC denies Yukon Pacific request for more time to build LNG plant

JUNEAU, Alaska - Federal regulators have denied a request by Yukon Pacific Co. to give the company more time to build a liquefied natural gas plant in south-central Alaska.
The denial by the Federal Energy Regulatory Commission (FERC) creates new questions about an option to liquefy natural gas from the North Slope for shipment by sea, which is part of a proposal to build a “bullet” pipeline to bring Alaska's gas to Valdez for liquefaction and then export by sea to domestic or overseas markets.
FERC, in its denial letter, said environmental and regulatory standards have changed since the company obtained permission to build in 1995, and those need to be addressed.
Permission had been extended repeatedly. But the letter from Jeff C. Wright, director of the office of energy projects, said the company's ability to build and run an export terminal for liquefied natural gas near Valdez will no longer be valid after May 15.