Sooner

As the president and executive director of the two-year-old Marcellus Shale Coalition (MSC), Kathryn Klaber is charged with addressing the needs and wants of the gas industry, the affected communities and stakeholders, as well as the different governing authorities across an area that extends 95,000 square miles over five states.

As development of the Marcellus Shale in Pennsylvania ramps up, New York’s Department of Environmental Conservation continues work on a final supplemental generic environmental impact statement (SGEIS), which is not expected to be completed until next year.

With the prospect of walking away with more than $2 billion, Sempra Energy now plans to sell its remaining interest in its joint venture (JV) energy trading business with the Royal Bank of Scotland (RBS), CEO Donald Felsinger said Thursday.

With the prospect of walking away with more than $2 billion, Sempra Energy now plans to sell its remaining interest in its joint venture (JV) energy trading business with the Royal Bank of Scotland (RBS), CEO Donald Felsinger said Thursday.

The risk of a “winter weather reset” of the natural gas market based on depletion of gas in storage has come in higher and sooner than forecast, Barclays Capital analysts said last week. As succeeding waves of super cold plague vast areas of the country, all are watching the storage numbers closely. The volume of gas remaining in storage on March 31 will set the tone of the market for the rest of the year.

The risk of a winter weather “reset” on natural gas storage supplies has come in higher and sooner than forecast, and that alone could meaningfully swing the North American gas market in 2010, Barclays Capital analysts said this week.

President Obama last week called on Congress to provide incentives for consumers who retrofit their homes to become more energy efficient, “which we know creates jobs, saves money for families and reduces the pollution that threatens our environment.” One proposal would expand “select” initiatives in the American Recovery and Reinvestment Act (ARRA) to promote energy efficiency and clean energy jobs that have been proven “to be particularly popular and effective.”

More gas could ultimately flow sooner through Sempra Energy’s underutilized West Coast liquefied natural gas (LNG) terminal following an announcement last Wednesday that Royal Dutch Shell and Russia’s Gazprom have signed a series of 20-year agreements in which both will be buying LNG supplies from the eastern Russia Sakhalin II production area. It gives the Russian behemoth its first major entry into the U.S. gas market.

More gas could ultimately flow sooner through Sempra Energy’s underutilized West Coast liquefied natural gas (LNG) terminal following an announcement Wednesday that Royal Dutch Shell and Russia’s Gazprom have signed a series of 20-year agreements in which both will be buying LNG supplies from the eastern Russia Sakhalin II production area. It gives the Russian behemoth its first major entry into the U.S. market.