After pleading guilty to 84 counts of involuntary manslaughter and another count of starting a deadly fire in Paradise, CA in 2018, the sentencing of Pacific Gas and Electric Co. (PG&E) on Thursday was anticlimactic, with the court only imposing a fine of about $3.4 million. A restitution hearing is scheduled for early next year.
Articles from aga
Permian Natural Gas Closer to More Mexico Outlets as Mirage Secures Financing
Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico and connect to the planned Permian Basin-to-Gulf Coast Whistler pipeline.
Natural Gas Futures Break Even After In-Line Storage Injection
Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.
The Offtake: LNG in Brief
A roundup of news and commentary from NGI’s LNG Insight
California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas
Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.
Appalachia’s Equitrans Completes Takeover of EQM Midstream
EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.
Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels
Boston-based Greentown Labs, a “climate tech” start-up incubator, plans to open its second location next spring in the U.S. oil and gas capital of Houston, as city leaders move to transition from fossil fuels.
July Natural Gas Futures Down Slightly Following In-Line Storage Injection
The U.S. Energy Information Administration (EIA) reported an injection of 85 Bcf natural gas storage for the week ending June 12, a reading that was in line with the averages of major polls.
Pennsylvania Impact Fee Collections Slip on Lower Natural Gas Prices
The impact fees paid by Pennsylvania’s unconventional natural gas producers in 2019 declined by 20% year/year to about $200.4 million, a drop that was primarily because of lower prices, according to the state Public Utility Commision (PUC).
With Lower Storage Injection Expected, Natural Gas Futures Advance, End Three-Day Skid
Forecasts for modestly increasing heat and a lower inventory build report offset enduring uncertainty about liquefied natural gas (LNG) demand, helping natural gas futures post gains Wednesday and ending a drubbing that cost the July contract nearly 20 cents over the prior three trading sessions.