Included

House and Senate tax writers have finalized $14.5 billion of energy tax incentives over 10 years to be included in the sweeping energy bill that lawmakers are expected to vote on this week before they leave for their August recess. The House is poised to take up the measure (HR 6) Thursday, with the Senate to follow on Friday.

In front of a packed crowd that included some concerned local, state and federal officials Thursday, the last day of Chairman Pat Wood’s term, FERC rejected the Fields Point LNG facility proposed by KeySpan in Providence, RI, saying that it did not meet current federal safety standards. However, the Commission conditionally approved the Weaver’s Cove LNG import terminal in Fall River, MA, and approved the Golden Pass LNG terminal in Sabine Pass, TX.

Several flat points in the East were included in an overall softer cash market Tuesday. Prices were pressured lower by weak weather demand throughout virtually the entire market, a 9-cent screen drop the day before and the continuation of a bearish storage mentality.

If the United States’ fuel mix included a “three-legged stool” of coal, natural gas and nuclear energy, with some reliance on wind, “it would really take the pressure off of natural gas prices,” Rep. Joe Barton (R-TX) said Tuesday.

Risk-based decision making programs used by the U.S. Coast Guard for existing liquefied natural gas (LNG) terminals along the East Coast should be included in any LNG terminals sited in California, the California Energy Commission (CEC) concluded in a review of existing safety and security risks for LNG trade international and nationally.

Risk-based decision making programs used by the U.S. Coast Guard for existing liquefied natural gas (LNG) terminals along the East Coast should be included in any LNG terminals sited in California, the California Energy Commission (CEC) concluded in a review of existing safety and security risks for LNG trade international and nationally.

The Interior Department should keep “all options on the table” when choosing the timing and location of the lease sales to be included in the next five-year Outer Continental Shelf (OCS) leasing program for 2007-2012, five oil and natural gas groups told Interior Secretary Gale Norton.

The Interior Department should keep “all options on the table” when choosing the timing and location of the lease sales to be included in the next five-year Outer Continental Shelf (OCS) leasing program for 2007-2012, five oil and natural gas groups told Interior Secretary Gale Norton.

Led by an 18% increase in nonregulated gas, oil and natural gas liquids production, a 14% rise in realized natural gas prices, and an 18% increase in nonregulated gas gathering volumes, Questar Corp. posted 2Q2004 net income of $42.6 million, or $0.50 per diluted share, compared with $20.3 million, or $0.24 per diluted share, in the comparable 2003 period.