If no deal is reached this week with Gazprom over natural gas prices then Ukraine will bring the matter to a court in Stockholm for arbitration, Prime Minister Arseny Yatseniuk told parliament Tuesday, Reuters reports.
Cheniere Energy’s annual meeting, originally set to take place next week, won’t happen until September because of a lawsuit filed by a shareholder over executive compensation, the company said, according to The Wall Street Journal.
The increase in demand for natural gas as a result of the Environmental Protection Agency’s proposed new carbon rule would come to 3.29 billion cubic feet a day by 2020, according to the Energy Information Administration, but the EIA predicts demand would drop off afterward because of better energy efficiency, Platts reports.
A plan under discussion would resolve the natural gas dispute between Russia and Ukraine and fix the price Kiev would pay for gas from Moscow for a year, according to EU Energy Commissioner Guenther Oettinger, Reuters reports.
Ukraine has another week to pay what Russia says it owes for natural gas, under an extension to Tuesday’s deadline granted to Kiev by Gazprom, although as the pricing dispute between the two countries continues the amount keeps growing, Reuters reports.
Kiev has agreed to wire Moscow $786 million in part payment for what it owes for natural gas, one sign of compromise after Ukrainian and Russian energy ministers met Friday in Berlin, The Wall Street Journal reports.
A Cheniere Energy subsidiary has inked a $5.6 billion, 20-year deal with Spanish firm Iberdrola SA to supply up to an initial 400,000 metric tons of liquefied natural gas a year from an export facility it’s planning in Corpus Christi, the companies announced Friday, FuelFix reports.
North Carolina’s moratorium on fracking will likely end within a year now that the state’s lawmakers have passed a bill that will allow permits to be issued, a measure almost certain to be signed by Republican Gov. Pat McCrory, The Associated Press reports.
The U.S. Court of Appeals for the District of Columbia Circuit on Thursday lifted a stay on the Environmental Protection Agency’s implementation of its Cross-State Air Pollution Rule, although legal arguments on challenges to some aspects of the regulation are set to take place next March, E&E reports.
Producers for American Crude Exports, or PACE, for short, is made up of more than a dozen independent oil companies who would like to see the decades-old U.S. ban on crude exports overturned, Reuters reports.
The Federal Energy Regulatory Commission staff has cleared the Constitution pipeline on its environmental impact, leaving Commissioners to make the final decision on the project, which is intended to add some 650 million cubic feet of natural gas capacity in New York and New England, FuelFix reports.
If the Federal Energy Regulatory Commission approves changes that PJM Interconnection will suggest to the rules, it’s possible the wholesale electricity market manager might find a way to keep a demand response program going despite legal challenges, E&E reports.
Rising global supply and sluggish demand were continuing to weigh on oil prices. U.S. benchmark crude for December delivery dropped $1.08 to settle at $81.01 a barrel on the Nymex, $1.74 lower than the price a week ago, while Brent finished at $86.13, a loss of 70 cents on the day and 3 cents less than last Friday’s settlement price, Reuters reports.
ConocoPhillips, alongside partners including BP and Exxon Mobil, has announced what it says is the first new drilling in the North Slope’s Kuparuk River Field in nearly a dozen years, a well to come on line in 2016 that will add 8,000 barrels a day of production, Platts reports.
In one of the most hotly contested and expensive House races in the country, Rep. Nick Rahall, D-W.Va., is battling against Republican candidate Evan Jenkins and powerful conservative groups backed by the Koch brothers, The New York Times reports.
Kristin Jacobs – who has turned in a strong performance in her campaign to be elected to the Florida House of Representatives in a flood-prone Miami district – is one of a number of candidates who are successfully pressing climate change as an issue even when polls say it’s not a top voter concern, The New York Times reports.
Opower says pilot programs run in Vermont and Southern California over the summer, which involved contacting customers to ask them to go easier on their air conditioning and then reporting back to them on how much electricity they saved compared to their neighbors, cut usage by nearly 3 percent on a number of hot days, The Washington Post reports.