BP Canadian Gas Deal

BP Canada Energy Marketing Company (BP) and Secure Energy, Incorporated announced today that they have entered into a long term natural gas sales agreement whereby BP will purchase up to 67 million cubic feet of natural gas per day from the Secure Energy Decatur Plant once it has been constructed and becomes operational. Secure Energy will have the option to separately sell natural gas to industrial customers in the Decatur, Illinois area for a portion of its production and BP has agreed to purchase any natural gas not sold locally.

The Decatur plant will convert approximately 1.4 million tons of high- sulfur Illinois coal into over 20 billion cubic feet of natural gas each year. "We are quite pleased to have contracted with such a substantial counterparty as BP because the strength of BP's gas marketing enables Secure to focus on constructing and operating our plant knowing that our natural gas will be sold in our market. Completing this agreement is an important part of Secure Energy's plan to utilize America's abundant coal resources in an environmentally responsible way to help reduce our country's reliance on foreign sources of energy," said Jack Kenny, Co-Founder of Secure Energy.

"BP is proud to have been selected by Secure to market the output from their Decatur gasification project. We are also pleased to be a partner in Secure's vision of providing local solutions to Midwest natural gas consumers," said Lee Lunde, VP of Marketing and Trading for BP.

ICE Reiterates Hours During Hurricane

IntercontinentalExchange (NYSE:ICE) , has issued a reminder in advance of Hurricane Ike that all ICE OTC markets, including the Henry Hub natural gas swap, are open around-the-clock throughout the weekend, per the exchange's standard seven-day per week operating schedule.
ICE OTC energy markets will be available beginning at midnight on Friday, September 12, continuously through 6:30 p.m. ET on Monday, September 15. The markets will re-open on Monday at 7:30 p.m. ET, per the standard operating hours.

ICE's crude oil futures markets on ICE Futures Europe will also maintain standard operating hours, re-opening the afternoon of Sunday, September 14 at 6:00 p.m. ET. ICE will expand its standard after-hours and weekend support. Market participants may contact the ICE Helpdesk at (770) 738-2101 for around-the-clock market support.