Those who worry that export of liquefied domestic natural gas will invite global oil price volatility into the U.S. gas market are forgetting about fungibility, Rice University energy fellow Ken Medlock said during a recent presentation.
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Liberty Files Revamped Plans for New Jersey LNG Terminal
Liberty Natural Gas LLC, which last year withdrew applications to build a liquefied natural gas (LNG) import terminal off the coast of New Jersey, has filed a revamped application with the Maritime Administration (MARAD) and the U.S. Coast Guard. The new application is for a different location and would allow many more LNG carrier deliveries once the facility is completed.
Money’s There, but E&Ps Still Shying from Natural Gas
The capital markets for U.S. exploration and production (E&P) companies “appear wide open,” with most of the available funds likely to target onshore oil instead of natural gas through 2014, Barclays Capital analysts said on Wednesday.
EIA Lowers Gas Price Outlook
In its latest Short Term Energy Outlook (STEO), the Energy Information Administration (EIA) nudged down is Henry Hub natural gas price forecast for this year and next and predicted that coal-fired power plants will retain their recent gains over gas-fueled facilities.
Senate Vote Said Imminent on EPA Chief
Senate Republicans appear to have tempered their opposition to the nomination of Gina McCarthy to head the Environmental Protection Agency (EPA) and a vote appears imminent.
Transco Starts Up Northeast Expansion Loop
Transcontinental Gas Pipe Line (Transco) was to start up service over the weekend on the first pipeline loop of its major Northeast Supply Link expansion, one of the key links in sending new gas out of the Marcellus Shale.
Bipartisan Senators Call on DOE to Speed LNG Permitting
A bipartisan coalition of 34 senators has called on the Department of Energy (DOE) to speed up its processing of permit requests to export liquefied natural gas (LNG) to foreign countries with which the United States does not have have a free trade agreement (non-FTA). At the current rate, the senators estimated that it could take the department up to two years to approve all of the non-FTA permits pending at DOE.
Alaska Touts Plan to Probe ANWR
The state of Alaska last week took the next step toward going it alone to find out how much oil and gas lies beneath the Arctic National Wildlife Refuge (ANWR) after an offer to partner with the federal government on the effort was rebuffed by the U.S. Department of Interior (DOI).
NatGas Pipe Permitting Bill Advances to House Energy Committee
A House subcommittee last Wednesday voted out a Republican-sponsored bill that seeks to speed up the permitting of interstate natural gas pipelines by both federal and state agencies.
EPA Plans Rule on Reporting of Fracking Chemicals
The Environmental Protection Administration (EPA) said Thursday it plans to develop a proposed rule requiring companies who make chemical substances and mixtures used in hydraulic fracturing (fracking) to report data on the chemicals.