Plentiful

Oil and natural gas prices are facing a “third variable” on plentiful natural gas liquids (NGL), which appears to be creating the next domestic supply glut, a KeyBanc Capital Markets (KBCM) analyst said Wednesday.

A combination of slackened demand and robust production will make natural gas supplies plentiful in the Pacific Northwest until 2029 at least, Spokane, WA-based Avista Utilities recently told regulators in the three states in which it has gas and electric operations.

Sempra Energy plans to ride the growing U.S. bandwagon for exporting plentiful domestic supplies of liquefied natural gas (LNG) through a $7 billion joint venture (JV) and midstream master limited partnership (MLP) centered on its under-used Cameron LNG receiving facility in Louisiana, said CEO Debra Reed, who spoke to analysts Thursday in San Diego.

In addition to investing in its California utilities, Sempra Energy plans to ride the growing U.S. bandwagon for exporting plentiful domestic supplies of liquefied natural gas (LNG) through a $7 billion joint venture and midstream master limited partnership (MLP) centered on its under-used Cameron LNG receiving facility in Louisiana, according to CEO Debra Reed, who spoke Thursday at a Sempra financial analysts’ conference in San Diego.

Natural gas, bring it on! That captures the current outlook of California’s energy planners, who are counting on gas supplies to continue to be plentiful and low-priced in North America.

Natural gas, bring it on! That captures the current outlook of California’s energy planners, who are counting on gas supplies to continue to be plentiful and low-priced in North America.

Natural gas, bring it on! That captures the current outlook of California’s energy planners, who are counting on gas supplies to continue to be plentiful and low-priced in North America.

Without the alternative of plentiful and cheap natural gas supplies and facing ever-higher petroleum prices, Berlin, Germany, the capital and city-state that serves as an icon for a nation still adjusting to reunification, has set a decidedly high goal for making itself Europe’s clean transportation capital. With the byproducts of natural gas being less viable here, Berlin envisions an electrified transportation system.

Hydraulic fracturing (fracking) has been around for decades with little or no environmental problems, and it is a key to the nation’s energy independence through stepped up use of plentiful natural gas supplies in transportation, oilman-turned-clean transportation advocate T. Boone Pickens told a National Press Club luncheon Tuesday in which he tackled a wide-ranging set of energy, environmental and political issues with fellow billionaire and CNN founder Ted Turner.