Natural Gas

Hoeven, Moniz working together on LNG exports legislation

Sen. John Hoeven is delaying until next year his bill to speed up liquefied natural gas exports to non-free trade agreement countries, hoping to secure the support of Energy Secretary Ernest Moniz.

The legislation by Hoeven, R-N.D., was to get a vote in the Senate's energy committee on Thursday. Hoeven said Moniz called him on Wednesday to say the bill would deprive him of environmental impact information the Energy Department needs to make a national interest determination on export proposals.

EIA: LNG exports could boost growth but raise consumer prices

Source: 
FuelFix

The Energy Information Administration in an analysis said that liquefied natural gas exports could lead to an increase in production and expanded economic growth, but also raise consumer prices, FuelFix reports.

Oil

Jamaica signs deal to search for offshore oil, gas

KINGSTON, Jamaica (AP) — Jamaica's petroleum firm has signed an agreement with a British oil company, clearing the way for oil and gas exploration in offshore blocks south of the island.

The "production sharing agreement" was signed with London-headquartered Tullow Oil, which has a 100 percent operating interest.

High potential for LNG-fueled trains, but limited investment yet

Source: 
FuelFix

Analysts project railroad companies could potentially reap large savings by switching from diesel fuel for trains to liquefied natural gas, though the high initial investment to upgrade locomotives has hindered the switch, FuelFix reports.

Natural gas prices see drop after nine straight growth sessions

Source: 
The Wall Street Journal

After nine straight sessions of growth that saw natural gas prices rise more than 23 percent, prices fell 15.7 cents to $4.255 per million British thermal units on Monday as traders looked to cash in on profits, The Wall Street Journal reports.

Hoeven gets committee vote on LNG exports bill

Sen. John Hoeven is likely to get a committee vote this week on his bill to speed up Energy Department reviews of liquefied natural gas export proposals, but the outlook for Senate passage during the upcoming lame duck session appears anything but certain.

The Senate Energy and Natural Resources Committee on Thursday will take up the proposal by Hoeven, R-N.D., at a business meeting that could see votes on 20 pending bills, the panel's chair, Sen. Mary Landrieu, announced.

Freeport LNG facility breaks ground in Texas

Source: 
FuelFix

Though Freeport LNG needs two more permits to commence construction on its liquefied natural gas export facility in Quintana, Texas, the company on Monday held a groundbreaking ceremony with plans to begin building by Thanksgiving, FuelFix reports.

New China-Russia gas deal expected to cut prices in Asia

Source: 
The Wall Street Journal

A second preliminary deal for Russia's Gazprom to supply China with natural gas is expected to lower prices in Asia, boosting competition among countries looking to expand exports to the continent, The Wall Street Journal reports.

Russia, China expand on $400B gas deal

Source: 
Bloomberg

At the Asia-Pacific Economic Cooperation meeting in Beijing, China and Russia signed a second initial natural gas supply deal, building on a $400 billion deal signed earlier this year for Russia to provide China with gas, Bloomberg reports.

Interview: Israel's economy minister looks to attract energy companies

Source: 
Houston Chronicle

In an interview with the Houston Chronicle, Israel's Economy Minister Amit Lang discusses his country's efforts to lure foreign oil and gas companies to develop the energy-rich Leviathan gas field off its coast.

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