Energy 12/24/2006
Energy
El Paso Sells Gas Pipelines to TransCanada for $3.4 Billion to Reduce Debt El Paso Corp., the largest natural gas pipeline owner in North America, agreed to sell pipelines and storage facilities to TransCanada Corp. and its U.S. affiliate for about $3.39 billion in cash to cut debt.
Azerbaijan Says it May Stop Buying Russian Natural Gas and Cut Oil Exports Azerbaijan President Ilham Aliyev said his country may stop importing Russian natural gas next year because OAO Gazprom, Russia's gas-export monopoly, wants to more than double prices.
Nymex Natural Gas Declines Before Holiday Weekend as Mild Weather Cuts Use Natural gas fell to the lowest in more than nine weeks in New York as mild weather reduced U.S. consumption of the furnace fuel.
New York Heating Oil Drops to a Four-Week Low on Unusually Warm Weather Heating oil futures in New York fell to the lowest level in four weeks as unusually warm weather across much of the U.S. curtails furnace use.
U.S. Ethanol Prices Rise to Four-Month High This Week on Higher Blending U.S. ethanol prices rose to the highest in almost four months this week as demand from refiners and fuel blenders outpaced domestic production of the grain-based additive.
El Paso Sells Gas Pipelines to TransCanada for $3.4 Billion to Reduce Debt El Paso Corp., the largest natural gas pipeline owner in North America, agreed to sell pipelines and storage facilities to TransCanada Corp. and its U.S. affiliate for about $3.39 billion in cash to cut debt.
Azerbaijan Says it May Stop Buying Russian Natural Gas and Cut Oil Exports Azerbaijan President Ilham Aliyev said his country may stop importing Russian natural gas next year because OAO Gazprom, Russia's gas-export monopoly, wants to more than double prices.
Nymex Natural Gas Declines Before Holiday Weekend as Mild Weather Cuts Use Natural gas fell to the lowest in more than nine weeks in New York as mild weather reduced U.S. consumption of the furnace fuel.
New York Heating Oil Drops to a Four-Week Low on Unusually Warm Weather Heating oil futures in New York fell to the lowest level in four weeks as unusually warm weather across much of the U.S. curtails furnace use.
U.S. Ethanol Prices Rise to Four-Month High This Week on Higher Blending U.S. ethanol prices rose to the highest in almost four months this week as demand from refiners and fuel blenders outpaced domestic production of the grain-based additive.
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