Natural Gas

Phillips 66 to focus on midstream as it spends more in 2015

Source: 
FuelFix

The $4.6 billion in capital budget outlay for Phillips 66 next year -– an increase of $700 million, or 17 percent compared to 2014 -– will mostly pay for midstream projects including pipelines, rail infrastructure and natural gas processing, FuelFix reports.

U.S. had record proved natgas reserves in 2013: EIA

Source: 
Bloomberg

The U.S. saw a 9.7 percent increase in proved natural gas reserves in 2013 -– to a record 354 trillion cubic feet -– on the back of the shale gas boom, according to annual figures from the Energy Information Administration, Bloomberg reports.

South Stream not dead yet: Juncker

Source: 
The Wall Street Journal

Despite President Vladimir Putin’s announcement that Russia was abandoning the idea of building the South Stream pipeline to bring his country’s gas into Europe, leaders of Bulgaria and the European Union are not giving up on the project, with European Commission President Jean-Claud Juncker declaring differences with Moscow “are not insurmountable,” The Wall Street Journal reports.

Shale gas line to Northeast US gets federal nod

HARRISBURG, Pennsylvania (AP) — U.S. energy regulators have approved a $700 million pipeline project designed to bring cheap shale natural gas from Pennsylvania into high-priced markets in New England and New York.

The project's backers said Wednesday that the Federal Energy Regulatory Commission's approval means the 124-mile (200-kilometer) Constitution Pipeline could be operational by next winter, if it gets the remaining regulatory approvals from various state and federal agencies in a timely fashion.

Marcellus-to-New England pipeline gets FERC approval

Source: 
Pittsburgh Post-Gazette

The Federal Energy Regulatory Commission has approved construction of the Constitution Pipeline, which would bring natural gas from the Marcellus Shale to New York and New England, the Pittsburgh Post-Gazette reports.

Challenge to EIA assumptions about increasing natural gas production

Source: 
FuelFix

The Energy Information Administration's predictions that U.S. shale gas production will continue to increase through 2040 may be overly optimistic, according to a news feature in the science journal Nature, FuelFix reports.

EIA sees bidirectional trend for gas pipelines in Northeast

Source: 
FuelFix

Nearly a third of natural gas pipelines going to the Northeast could be capable of handling two-way flows in another two years, the Energy Information Administration said in a new report Tuesday, according to FuelFix.

Senate Finance subcommittee hearing on natural gas vehicles

Washington, December 3, 2014, 2:30 pm

Senate Finance Energy, Natural Resources, and Infrastructure Subcommittee hearing, "Natural Gas Vehicles: Fueling American Jobs, Enhancing Energy Security, and Achieving Emissions Benefits." Expert witnesses.

Denton fracking ban takes effect

Source: 
Fort Worth Star-Telegram

The fracking ban -– the first in Texas -- that was approved by Denton voters on election day formally took effect Tuesday, but since the town had already imposed a moratorium on issuing new well permits there didn’t appear to be any immediate impact, the Fort Worth Star-Telegram reports.

Turkey to weigh Russian natural gas link plan

ANKARA, Turkey (AP) — Turkey's energy minister says his country will weigh a Russian proposal to set up a new natural gas link to Turkey and the possible creation of gas hub on its border with Greece.

Taner Yildiz spoke Tuesday a day after visiting Russian President Vladimir Putin announced that Moscow is spiking a multibillion dollar gas pipeline project for southern Europe amid spiraling tensions with the West. Putin said Russia will instead focus on boosting energy ties with Turkey.

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