Clean

Natural gas is clean and price-competitive with other fuels, and it’s abundance in the United States will alter geopolitics and can erode the influence of oil cartels. Additionally gas-fired power generation and gas-powered vehicles can complement renewable energy and clear the air. That’s the story the industry needs to tell to lawmakers and consumers, according to Brad Boister, Anadarko Energy Services Corp. vice president of gas marketing.

Will this country’s abundant, home-grown natural gas shale resources reach their full potential as a bridge fuel to a clean, green energy future or will market forces and onerous government restrictions combine to ratchet down their explosive development? Industry leaders at the 24th annual GasMart will be discussing how companies now are moderating their spending on natural gas development while emphasizing oil and liquids-rich properties, just as the economy and industrial markets are coming back to life.

Will this country’s abundant, home-grown natural gas shale resources reach their full potential as a bridge fuel to a clean, green energy future or will market forces and onerous government restrictions combine to rachet down their explosive development? Industry leaders at the 24th annual GasMart will be discussing how companies now are moderating their spending on natural gas development while emphasizing oil and liquids-rich properties, just as the economy and industrial markets are coming back to life.

Will this country’s abundant, home-grown natural gas shale resources reach their full potential as a bridge fuel to a clean, green energy future or will market forces and onerous government restrictions combine to rachet down their explosive development? Industry leaders at the 24th annual GasMart will be discussing how companies now are moderating their spending on natural gas development while emphasizing oil and liquids-rich properties, just as the economy and industrial markets are coming back to life.

GE Energy Financial Services plans to invest $150 million to acquire a one-third interest in the Gulf LNG Clean Energy Project, a liquefied natural gas (LNG) receiving terminal under construction by El Paso Corp. in Mississippi. Gulf LNG, which is adjacent to the Pascagoula Bayou Casotte Ship Channel, is scheduled for completion in 2011 at a cost of around $1.1 billion (see NGI, Nov. 9, 2009). The facility, which is fully contracted, is to have 6.6 Bcf of storage and be capable of 1.3 Bcf/d sendout. El Paso owns a half stake in the facility, and a subsidiary is managing construction and would be the operator (see NGI, Feb. 11, 2008). The GE business unit would acquire Houston-based Crest Group’s 30% interest. Sonangol, Angola’s national oil company, also has a 20% interest in the project.

Sen. Lisa Murkowski (R-AK), one of the Senate’s key opponents to the Environmental Protection Agency’s (EPA) drive to regulate greenhouse gas (GHG) emissions under the Clean Air Act (CAA), has called on agency Administrator Lisa Jackson to provide more details on how its program would work.

Sen. Lisa Murkowski (R-AK), one of the Senate’s key opponents to the Environmental Protection Agency’s (EPA) drive to regulate greenhouse gas (GHG) emissions under the Clean Air Act (CAA), has called on agency Administrator Lisa Jackson to provide more details on how its program would work.

The proposed American Clean Energy and Security Act of 2009, better known as the Waxman-Markey climate bill, is economically sound and may have benefits worth twice as much as the cost to implement it, an analysis has found.

The proposed American Clean Energy and Security Act, which narrowly passed the House last Friday, is a “public policy abomination” that “should be opposed by open-minded climate scientists and climate economists of all political persuasions,” an executive told the Texas Energy Summit Wednesday.