US FERC gives ISOs three-month extension on netting rule
Washington (Platts)
Independent system operators will have an additional three months to comply with the netting portion of the Federal Energy Regulatory Commission’s credit reform rule, the agency said Tuesday.
In its credit reform order, FERC directed ISOs to ensure that that they would be able to net a market participant’s transactions in the event of a default. Compliance filings on this issue were due January 31, but…
As US natural gas exports grow the domestic price will move closer to the world price levels. No more two tier pricing. This will take time though. Generally this will raise prices from the current levels.
US EIA projects growing gas exports despite slashed shale outlook
Washington (Platts)
The Energy Information Administration on Monday slashed its US shale natural gas resource estimate by 345 Tcf from last year’s projections, but said the country still is likely to become a net exporter of gas in 2021.
The estimated unproved technically recoverable resource for shale gas in the US is now 482 Tcf, down from last year’s 827 Tcf estimate, the EIA said in an early release of its 2012 annual energy outlook.
“The decline largely reflects a decrease in the estimate for the Marcellus shale, from 410 Tcf to 141 Tcf,” EIA said. …