The Federal Energy Regulatory Commission (FERC) is considering a change to the gas industry’s standard operating day to better align it with the demand cycle of the electric power industry—an increasingly important gas customer.
“The commission’s proposed actions focus primarily on the scheduling practices of the natural gas transportation and electricity markets,” the notice of proposed rulemaking (NOPR) said.
The proposal would move back the gas industry’s standard day to 4 a.m. Central Time, five hours earlier than the current 9 a.m. Central Time “in order to ensure that gas-fired generators are not running short on gas supplies during the morning electric ramp periods,” according to the NOPR. Following- day gas nomination times also would be moved back and the industry would adopt four intra-day nomination cycles rather than the current two “to provide greater flexibility to all pipeline shippers,” the NOPR added.
Firm shippers also would gain additional flexibility to bump interruptible service customers if the commission issues an order based on its NOPR proposal.
FERC asked for comments on the proposal by the end of November. It likely will issue a final order, probably sometime in 2015, following review of comments.
Recommended Reading
E&P Highlights: Jan. 27, 2025
2025-01-27 - Here’s a roundup of the latest E&P headlines including new drilling in the eastern Mediterranean and new contracts in Australia.
E&P Highlights: Feb. 10, 2025
2025-02-10 - Here’s a roundup of the latest E&P headlines, from a Beetaloo well stimulated in Australia to new oil production in China.
E&P Highlights: March 31, 2025
2025-03-31 - Here’s a roundup of the latest E&P headlines, from a big CNOOC discovery in the South China Sea to Shell’s development offshore Brazil.
E&P Highlights: Feb. 18, 2025
2025-02-18 - Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
Oxy CEO: US Oil Production Likely to Peak Within Five Years
2025-03-11 - U.S. oil production will likely peak within the next five years or so, Oxy’s CEO Vicki Hollub said. But secondary and tertiary recovery methods, such as CO2 floods, could sustain U.S. output.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.