Thailand’s Banpu Kalnin Ventures Corp. (BKV) and BKV-BPP Power LLC are working to certify natural gas produced in the Lower 48 initially to fuel a power plant in Central Texas. Denver-based exploration and production (E&P) company BKV purchased the Temple I power plant north of Austin for $430 million in November with Banpu Power US…
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Chevron Working to Gain RSG Label for Five Well Sites in Permian, DJ
Chevron Corp. is piloting a project with Project Canary to independently certify some North American natural gas production in the Permian and Denver-Julesburg (DJ) basins. The pilot, using the TrustWell program, would differentiate operational and environmental performance from five well sites. The end goal is to deliver responsibly sourced gas (RSG) to market by mid-year.…
Differentiated Natural Gas Market Said Poised for Strong Year
Despite its somewhat hazy parameters, the certified natural gas market could experience strong growth this year, according to experts. Dustin Meyer, vice president of Natural Gas Markets for the American Petroleum Institute (API), told NGI he sees a “quite profound” opportunity for certified, aka responsibly sourced gas (RSG), “because…it allows buyers and sellers in a…
Southwestern, Range Expanding RSG Label for U.S. Supply; Tallgrass in CO2 Deal
Two of the top natural gas producers in the Lower 48, Southwestern Energy Co. and Range Resources Corp., are expanding their efforts to certify supply in separate agreements with Project Canary. In one agreement, Range Resources entered into an ongoing deal with Houston-based Engie Energy Marketing to market its supply under Project Canary’s responsibly sourced…
PennEnergy’s Appalachian Natural Gas Gains RSG Tag for 99% of Production
Nearly all of PennEnergy Resources LLC’s natural gas wells have been certified as producing responsibly sourced gas (RSG), the Appalachian Basin-focused exploration and production (E&P) company reported. Project Canary used its TrustWell environmental certification process and determined that 375 of 378 wells, or 99%, earned a gold or platinum rating, PennEnergy said. The global gas…
Kinder Morgan Gains on Higher Natural Gas Prices, LNG Deliveries
Stronger natural gas prices lifted Kinder Morgan Inc. results in the fourth quarter and propelled physical liquefied natural gas (LNG) deliveries higher by 33%. Executive Chairman Richard Kinder and CEO Steven Kean helmed a conference call late Wednesday to discuss fourth quarter and full-year 2021 results. The company recovered sharply in the final three months…
Certified Natural Gas, Particularly for LNG Exports, Said Likely to Fetch Premium Prices
Commitments to responsibly produce U.S. natural gas surged in 2021, and this year is expected to be even better, as the energy world works to reduce emissions, according to experts.
North American Midstream Sector Advancing Greener Fuels while Meeting Growing Natural Gas Needs
The U.S. midstream sector is involved in the development of renewable natural gas (RNG), hydrogen, responsibly sourced gas (RSG), carbon capture and other emissions-reducing projects in every region of the country. However, over the next 11 months, executives from some of the largest midstream companies said the focus is to intensify on engagement, collaboration and new partnerships that enhance the role of natural gas in the energy transition.
U.S. Seen Gaining Momentum in 2022 on Imperative to Better Measure LNG Emissions
The liquefied natural gas (LNG) industry is poised for a milestone year on the path toward establishing emissions measurements across the value chain, particularly in the United States, where suppliers have made progress in a way that could give them a commercial advantage.
Lower 48 E&Ps, Midstreamers Eyeing RSG Label for Natural Gas
More Lower 48 producers and increasingly, midstream operators, are looking to Project Canary to earn environmental certification for their natural gas supplies. Related entities Tug Hill Operating LLC and XcL Midstream Operating LLC, which principally operate in West Virginia’s Marshall and Wetzel counties, have partnered to gain the responsibly sourced gas (RSG) designation across all…