Natural Gas

Growing demand will offset any LNG supply increases: study

Source: 
Platts

Growing LNG demand in Asia, South America and Europe will more than offset any potential increases in supply from the U.S., Australia and North Africa, according to a study by Bernstein Research, Platts reports.

Pa. reports industrial air pollution data for 2012

HARRISBURG, Pa. (AP) — A new state report says Pennsylvania's natural gas industry remained a relatively small contributor of air pollution in 2012 from industrial facilities, despite including more compressor stations than 2011.

The Department of Environmental Protection released the data Thursday.

NOAA

Winter drives nat gas use to record levels

This year's brutal winter sent U.S. natural gas consumption to a record high average of 90.6 billion cubic feet per day, the Energy Information Administration said Thursday.

Overall consumption jumped 8 percent over last year's levels, driven by 14 percent greater demand from residential and commercial users, EIA said, citing data from market analysts Bentek Energy.

Obama signs law providing Ukraine loan guarantees

WASHINGTON (AP) — President Barack Obama has signed into law a bill providing $1 billion in loan guarantees to Ukraine.

The legislation signed by the president on Thursday also punishes Russia for its bold annexation of the Ukrainian region of Crimea.

The law calls for the direct imposition of sanctions on certain people with regard to Ukraine.

Momentum is building globally for fracking

Source: 
Bloomberg

Ex-BP CEO John Browne may be out in front of the push for fracking in Britain, but moves are afoot elsewhere globally -- in Europe and China, Argentina and Mexico -- to start extracting gas from shale, Bloomberg reports.

Court challenge to Pa. practice in handling drilling complaints

Source: 
Pittsburgh Post-Gazette

Documents filed to support a court challenge to Pennsylvania's oil and gas law claim that the state Department of Environmental Protection doesn't always record or make public complaints about water contamination, particularly in cases where drillers negotiate settlements with private water well owners, the Pittsburgh Post-Gazette reports.

Oil

Oil down despite China stimulus, supply drop

The price of oil drifted lower Thursday even after China introduced measures to underpin growth and U.S. crude inventories unexpectedly declined.

Benchmark U.S. crude for May delivery was down 50 cents to $99.12 a barrel at 0900 GMT in electronic trading on the New York Mercantile Exchange. The contract shed 12 cents to close at $99.62 on Wednesday.

Brent crude, used to set prices for international varieties of oil, was down 13 cents to $104.66 a barrel on the ICE exchange in London.

Asian LNG demand prompts floating processing plants

Source: 
The Wall Street Journal

High demand in Asia for natural gas is pushing some energy companies to develop floating liquefied natural gas processing plants in an effort to cut costs and speed fuel transfer, The Wall Street Journal reports.

Gazprom weakness suggests waning Putin economy

Source: 
Bloomberg

An analysis from Bloomberg suggests that Gazprom's failed prediction of having a market value of $1 trillion in 2014 and its precipitous collapse is emblematic of wider problems in the Russian economy under Vladmir Putin.

House Dems press EPA to reopen fracking water contamination cases

Source: 
The Hill

Eight House Democrats urged the Environmental Protection Agency to relaunch investigations into water contamination in Wyoming, Pennsylvania and Texas that may have been caused by natural gas drilling methods, including hydraulic fracturing, The Hill reports.

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