Incentives

With 35 states having created various levels of incentives for using natural gas in transportation and the Energy Information Administration (EIA) predicting gas use in transportation will grow 100% by 2017, the latest Barclays analysis of U.S. gas broke down some of the metrics and concluded that natural gas vehicles (NGV) on the road will have to swell 12-fold between 2011 and 2017 to meet the EIA prediction.

The Center for the New Energy Economy (CNEE) at Colorado State University announced that it has created a new online database of energy-related state legislation pending in all 50 states, “from solar to natural gas and everything in between.”

Two Democratic senators — Dianne Feinstein of California and Bill Nelson of Florida — introduced legislation Monday that would end federal incentives for oil and natural gas producers to drill in the federal Outer Continental Shelf (OCS).

The “reality and potential” of expanding natural gas and liquids from shale continues to have a dramatic impact on the regional and global balances for both economies, PIRA Energy Group said Monday in a new report.

The North Dakota legislature is considering legislation that would impact exploration and production (E&P) companies, including offering incentives to eliminate natural gas flaring at the wellhead.

The North Dakota legislature is considering legislation that would impact exploration and production (E&P) companies, including offering incentives to eliminate natural gas flaring at the wellhead.

The potential of the New Albany Shale is still unproven, industry officials said.

By 2025 natural gas is expected to overtake coal as the second most used fuel worldwide and North America will have transitioned to become a net energy exporter, while by 2040 global energy demand will have increased by almost 35% from 2010 levels, according to ExxonMobil Corp.’s Outlook for Energy: A View to 2040, which wasreleased Tuesday.

Pennsylvania Gov. Tom Corbett on Saturday signed the state’s $27.7 billion budget for 2012-13, which includes modifications to the tax code that could potentially offer billions in tax breaks to companies investing in an ethane cracker and associated manufacturing facilities.