Trade

U.S. Department of Energy (DOE) delays in approving exports of liquefied natural gas (LNG) to non-free trade agreement (FTA) countries — and the DOE review process itself — run afoul of the General Agreement on Tariffs and Trade (GATT) and invite a challenge from a World Trade Organization (WTO) member nation, a former WTO executive said Tuesday.

A manufacturers’ trade association has filed out of time to comment and intervene in the next U.S. Department of Energy (DOE) liquefied natural gas (LNG) export license case, arguing that recent export approvals show a need for “more particularized and informative standards” in evaluating applications.

In the near- and medium-term, liquefied natural gas (LNG) may a transportation fuel market in the marine sector, where globally water-based transportation of goods continues to grow at a robust pace, according to the latest World LNG Report by the International Gas Union (IGU).

Fort Worth-based Athlon Energy Inc., which is focused on the Wolfberry play in the Permian Basin, has filed for an initial public offering (IPO) expected to be worth $345 million.

The recent approval of a second license to export domestic liquefied natural gas (LNG) to non-free trade agreement (FTA) nations includes language that supports the disputed exports as being in the public interest, Sempra Energy CEO Debra Reed said at an investor conference Thursday in New York City.

The U.S. Department of Energy’s (DOE) decision to approve a second license to allow liquefied natural gas (LNG) exports to non-free trade agreement (FTA) nations includes language that supports the exports as being in the public interest, Sempra Energy CEO Debra Reed said last week.

Energy Transfer Partners LP’s (ETP) Trunkline LNG Gulf Coast export project could have authorization to send liquefied U.S. gas to non-free trade agreement (FTA) countries within 60-90 days as pressure is building for the U.S. Department of Energy (DOE) to decide on the next one or two projects in the applicant queue, ETP COO Mackie McCrea said Thursday.

A flat domestic natural gas rig count, combined with an eroding storage overhang, provide opportunities for U.S. gas prices and related operators to trade higher this year, according to BMO Capital Markets Dan McSpirit and Phillip Jungwirth. Bank of America Merrill Lynch (BofA) also expects higher gas prices on average, but coal may regain some of the market this summer.

Six energy prognosticators over the past week have raised their outlooks for domestic natural gas prices this year, with one indicating that $4.50/MMBtu this summer is “on the table” based on a colder-than-expected end to winter and slowing production in major onshore basins.