Natural Gas

British Parliament backs fracking below national parks

LONDON (AP) — The British Parliament has approved proposals that would allow fracking for shale gas below national parks, world heritage sites and other designated areas of natural beauty.

The measure, which is opposed by environmental groups, was endorsed Wednesday by 298 votes to 261 and paves the way to more extensive fracking three-fourths of a mile below parks.

Natural gas plan being derailed by Egyptian-Israeli disagreement

Source: 
The Wall Street Journal

A dispute over money owed to Israel Electric Corp. is threatening to upset a deal between Israel and Egypt over natural gas, The Wall Street Journal reports.

Souki departure: Divergence over Cheniere future

Source: 
The New York Times

Departed CEO Charis Souki disagreed with the Cheniere Energy board over the company’s path, telling The New York Times that despite present low natural gas prices, “you don’t change the strategy of the company based on a temporary thing.”

State grant helping fund natgas fueling stations in Nebraska

Source: 
The Associated Press

A $590,000 grant from the Nebraska Environmental Trust is helping to pay for natural gas fueling stations along I-80, The Associated Press reports.

Natural gas, used to heat homes, plunges on mild weather

NEW YORK (AP) — Mild temperatures have cooled demand for natural gas, sending its price down sharply Monday. Stocks of companies that produce natural gas also fell.

Natural gas futures fell 4.8 percent to $1.90 per 1,000 cubic feet on the New York Mercantile Exchange.

Cheniere Energy replacing CEO Souki

HOUSTON (AP) — Two months after activist investor Carl Icahn boosted his stake in Cheniere Energy for the second time in two weeks, the company announced the departure of its co-founder and chief executive.

The company was the first to be granted permission by the U.S. to export gas and has built massive liquid natural gas export terminals to do so. Those exports are expected to begin any day now.

Financial woes confront firm behind New England gas pipeline

HARTFORD, Conn. (AP) — Kinder Morgan Inc., the energy giant proposing gas pipelines in Northeast that have drawn opposition, is weathering another challenge — financial woes linked to falling energy prices and a steep drop in its stock price forcing it to find new sources of capital.

The Houston-based company announced Tuesday a 75 percent cut in its quarterly dividend to 12.5 cents per share to conserve cash for financing portions of its expansion projects. In addition to a $3.3 billion pipeline through western Massachusetts and southern New Hampshire sought by a Kinder Morgan subsidiary, it's also proposing a Northeast pipeline network in Connecticut, Massachusetts, New Hampshire, New York and Pennsylvania.

Turkmenistan breaks ground on gas pipeline to Afghanistan

ASHGABAT, Turkmenistan (AP) — Leaders from Afghanistan, India and Pakistan have joined the president of Turkmenistan in breaking ground on a new pipeline intended to deliver natural gas from the energy-rich former Soviet republic to their three countries.

Turkmenistan is believed to have the world's fourth-largest gas reserves, but currently exports mainly to China.

Natural gas demand growth tailing off in China

Source: 
E&E

Despite China’s pledge to move away from coal consumption, the growth in demand for the cleanest fossil fuel alternative – natural gas – has been in decline in 2015, E&E reports.

EPA approves water quality rules dividing Montana, Wyoming

BILLINGS, Mont. (AP) — The U.S. Environmental Protection Agency waded into a long-running skirmish between two states by approving water quality rules meant to protect southeastern Montana cropland from wastewater produced during natural gas drilling in neighboring Wyoming.

Wyoming officials and oil and gas companies have assailed the rules as a threat to energy production. The regulations limit how much salty water — a byproduct of drilling — can enter waterways in the Tongue and Powder River basins along the Montana-Wyoming border.

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