Turn

The electric power generation sector’s turn away from coal and toward natural gas is likely to be a gradual one over the next decade, according to a report from Moody’s Investors Service.

The electric power generation sector’s turn away from coal and toward natural gas is likely to be a gradual one over the next decade, according to a report from Moody’s Investors Service.

Bogged down for more than two years at FERC on a liquefied natural gas (LNG) import application, the backers of Oregon LNG instead plan to turn their site at the mouth of the Columbia River into a bidirectional facility that would export Western Canadian gas supplies to lucrative Asian markets. All thee major federal filings are to be made within weeks, Project Manager Peter Hansen told NGI.

In an attempt to turn the tables on Republicans, who have been relentless in their attacks on the administration’s energy policies, President Obama Tuesday called on Congress to provide funding for his five-part plan to combat manipulation, fraud and excessive speculation in the energy markets, particularly the oil market. While the oil market is the primary target of the president’s plan, the administration effort does have implications for natural gas traders and contracts.

House Natural Resources Committee Chairman Doc Hastings (R-WA) has subpoenaed the Interior Department’s Office of Inspector General (OIG) to turn over 13 documents related to the imposition of the May 2010 moratorium on deepwater drilling in the Gulf of Mexico (GOM). He contends Interior has blocked the acting OIG from releasing documents to the committee.

House Natural Resources Committee Chairman Doc Hastings (R-WA) wants the Interior Department’s Office of Inspector General (OIG) to turn over 13 documents related to the imposition of the May 2010 moratorium on deepwater drilling in the Gulf of Mexico (GOM), contending that Interior has blocked the acting OIG from releasing documents to the committee.

Natural gas prices may well go lower before they turn around, the head of MDU Resources Group Inc.’s exploration and production (E&P) business, Kent Wells, told a financial analysts’ conference in New York City on Thursday.

Natural gas prices may well go lower before they turn around, the head of MDU Resources Group Inc.’s exploration and production (E&P) business, Kent Wells, told a financial analysts’ conference in New York City on Thursday.

Dominion Resources Inc. said last week interest is growing in the company’s proposal to turn the Cove Point liquefied natural gas (LNG) import terminal in Lusby, MD, into an export terminal (see NGI, Oct. 17, 2011).