One day after lawmakers in both houses of Congress debated the merits of liquefied natural gas exports (LNG), the House Committee on Foreign Affairs took up the issue on Wednesday, reasoning that exports are an intricate part of the discussion over the geopolitical potential of the energy boom in the United States. However, testimony from a panel of experts indicated the impact of U.S. LNG exports may be overstated and their effect on domestic natural gas prices unknown.
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U.S. LNG Exports Take Center Stage at House, Senate Hearings
Lawmakers in both houses of Congress took up the issue of liquefied natural gas (LNG) exports from the United States in separate hearings on Tuesday, and aired discussion of a House bill that could fundamentally change the way the Department of Energy (DOE) grants approval to export to non-free trade agreement (FTA) countries.
March 25, 2014
LNG Industry ‘Happy’ Ukraine Crisis Brought Attention to DOE Delays
Supporters of liquefied natural gas (LNG) exports from the United States aren't using the crisis in Ukraine as an excuse to advance their agenda, but they are happy with how it has called attention to permitting delays at the U.S. Department of Energy (DOE), Center for Liquefied Natural Gas (CLNG) President Bill Cooper said Monday.
March 24, 2014
NGI The Weekly Gas Market Report
NOAA: Below Normal Temps Expected This Spring in Half of Lower 48
The National Oceanic and Atmospheric Administration (NOAA) said temperatures are expected to be below normal this spring for about half of the Lower 48 states, but they will be above normal for the other half plus Alaska.
March 21, 2014
Pennsylvania’s Shale Gas Taxes Among Lowest, Report Finds
Pennsylvania's impact fee on unconventional natural gas wells is lower than the severance tax rate levied by 10 states for natural gas extraction, according to a report released Thursday by the state's Independent Fiscal Office (IFO).
March 21, 2014
Europe, Ukraine Discuss Pipeline Upgrades, Reversals
Ukraine's energy minister said his country is paying "politically motivated" prices for natural gas from Russia's OAO Gazprom following Russia's seizure of Crimea, while Ukraine discusses a European Union (EU) proposal to upgrade its pipeline network and add the ability for reverse flows.
March 20, 2014
IHS Says Russia Won’t Interrupt Gas Supplies, But One Pipeline Doomed
Analysts with IHS Inc. said Wednesday the crisis in Ukraine could continue to evolve, but it is unlikely that Russia would cut off natural gas supplies…
March 19, 2014
NGI The Weekly Gas Market Report
ExxonMobil Suspends Interest, Shell Out in Black Sea Gas Deal
Royal Dutch Shell plc and ExxonMobil Corp. have reportedly pulled out and suspended, respectively, their participation in a consortium to explore and develop an offshore natural gas field in the Black Sea due to the ongoing crisis in Ukraine.
March 19, 2014
NGI The Weekly Gas Market Report
Russia’s Actions in Ukraine Fuel Debate Over Sanctions, LNG Exports
Analysts said economic sanctions from the United States and the European Union (EU) designed to punish Russia for its actions in Ukraine were "modest" at best, and could potentially damage business relationships that western oil and gas companies spent years building with OAO Gazprom and OAO Rosneft, Russia's state-owned gas and oil companies.
March 18, 2014
Gastar to Drill Utica, Expand Hunton Limestone Operations in April
Gastar Exploration Ltd. executives said the company plans to spud its first test wells targeting the Utica Shale in West Virginia and the Hunton Limestone in Oklahoma next month, and will place more than a dozen Marcellus Shale wells into production during the rest of the year.
March 17, 2014