Industrial users put the brakes on gas use

As cold weather ramped up overall consumer demand, industrial gas consumers began shutting down plants, switched fuel, and undertook conservation measures, according to Raymond James & Associates, reducing usage 8-14%. Lower-than-expected storage withdrawals suggest the U.S. gas supply/demand equation experienced a startling 14 bcf/day swing in just the past month, according to its Monday notes on the gas market.

HOUSTON, Jan. 29, 2001 (PRNewswire) — El Paso Energy Corporation (NYSE: EPG) announced today that it completed its $24 billion merger with The Coastal Corporation (NYSE: CGP) after the Federal Trade Commission cleared the way by approving for public comment the consent agreement governing the merger.

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