Expressed

Widespread support has been expressed at FERC for Sabine Pass Liquefaction LLC’s application to add a new liquefaction operation to its liquefied natural gas (LNG) terminal in Cameron Parish, LA, transforming it into a “bidirectional facility” for the purpose of exporting LNG. Some parties, such as Chevron U.S.A. Inc., said their support was conditioned on Sabine Pass responding to a series of questions. A trade group representing municipal gas utilities lodged the only protest to the project.

As the Commodity Futures Trading Commission (CFTC) met Thursday to consider proposals to implement the Dodd-Frank Wall Street Reform Act, commissioners expressed fear that the deep budget cuts proposed by the House for fiscal year 2011 will not only threaten the agency’s ability to meet Dodd-Frank’s mandate to regulate the derivatives market but also its oversight of the futures market.

New England Democrats and Republicans, along with some industry groups, have expressed their opposition to the Obama administration’s budget proposal to slash the funding for the government program that provides home heating fuel assistance to low-income consumers.

New England Democrats and Republicans, along with some industry groups, have expressed their opposition to the Obama administration’s budget proposal to slash the funding for the government program that provides home heating fuel assistance to low-income consumers.

Bart Chilton, a member of the Commodity Futures Trading Commission (CFTC), last Tuesday expressed his reluctance to support the agency’s proposal to establish position limits in the swaps market. He instead recommended that the CFTC institute an “interim position ‘points’ system.”

Bart Chilton, a member of the Commodity Futures Trading Commission (CFTC), Tuesday expressed his reluctance to support the agency’s proposal to establish position limits in the swaps market. He instead recommended that the CFTC institute an “interim position ‘points’ system.”

Producers said they were encouraged Friday when Energy Secretary Stephen Chu, the top scientific expert in the Obama administration, expressed support for hydraulic fracturing (hydrofracing), which is being used to stimulate production from an increasing number of shale natural gas wells.

January natural gas futures rose in modest trading Wednesday as traders still saw the market in control of the weather bulls and expressed reluctance to sell until weather forecasts turned more moderate. At the close January futures were up 10.6 cents to $5.821 and February added 11.2 cents to $5.884. February crude oil gained $2.27 to $76.67/bbl.

With the ink barely dry on FERC’s settlement of the manipulation charges against Energy Transfer Partners LP (ETP), the Dallas-based energy company Tuesday expressed strong dissatisfaction with the way the agency’s enforcement staff handled the case.