A bipartisan coalition of 34 senators has called on the Department of Energy (DOE) to speed up its processing of permit requests to export liquefied natural gas (LNG) to foreign countries with which the United States does not have have a free trade agreement (non-FTA). At the current rate, the senators estimated that it could take the department up to two years to approve all of the non-FTA permits pending at DOE.
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The United States claimed the title in 2012 for the leading production growth for not only natural gas but also oil, boosted by its considerable unconventional stores, according to BP plc’s annual benchmark of global energy resources.
U.S. exports could prevent India from getting supplies from Iran and give European buyers leverage on their Russian pipeline purchases, a subcommittee of the House Foreign Affairs Committee was told.
Total Gas & Power Ltd. has signed a deal to sell to South Korea’s Korea Gas Corp. (Kogas) 0.7 million metric tons per year of liquefied natural gas (LNG) for 20 years from Cheniere Energy Partners LP’s Sabine Pass Liquefaction LNG export terminal in Louisiana. The LNG would be lifted following startup of the terminal’s third train, which is scheduled for commissioning in 2017, Total said.
Cheap natural gas, courtesy of shale plays, is bringing industry back to the United States, growing economies along the Gulf Coast, in the Northeast and elsewhere. But it has also made holding gas transportation capacity a more dicey prospect for end-users, and there is a risk that some of the energy industry’s risk management muscle could atrophy while on a diet of low prices and low volatility.
Days after visiting natural gas operations in the Marcellus Shale, Poland’s treasury minister said commercial shale gas production may begin in his country in 2014.
As their country dreams of becoming “the second Norway” of natural gas, scientists in Poland asked themselves whether hydraulic fracturing (fracking) stimulation of shale gas wells is safe for the environment. The answer: yes, if done according to “legal regulations.”
A unit of Japan’s Marubeni Corp. has struck a deal to acquire a 35% stake in Dallas-based Hunt Oil Co.’s Eagle Ford Shale holdings. Marubeni pledged Friday to grow its stake in shales, in the United States and around the world.
Canada’s natural resources minister said his government is committed to seeing the Keystone XL Pipeline become a reality, and rebuked a possible effort by European officials to target the country’s oilsands by labeling it as a dirtier form of energy.