Natural Gas

Legal experts see tough compensation fight for Cheniere

Source: 
Houston Chronicle

A lawsuit brought by shareholders challenging Cheniere Energy’s compensation package for its executives could prove to be a difficult fight for the company in a Delaware court, legal experts told the Houston Chronicle.

Senate Energy hearing on LNG exports

Washington, June 19, 2014, 2:30 pm

Senate Energy and Natural Resources hearing, "How to harness a game-changing resource for export, domestic consumption, and transportation fuel." Energy Department Principal Deputy Assistant Secretary for Fossil Energy Chris Smith to testify.

 

Bulgaria: Cyprus could supply gas to Europe

NICOSIA, Cyprus (AP) — Bulgaria's foreign minister said Monday that Cyprus could supply his country and other central European nations with natural gas to lessen the region's heavy dependence on Russian deliveries.

Kristian Vigenin said that Cyprus could be key to an envisioned "north-south corridor" supplying gas to central Europe via Greece.

"Cyprus can play an important role in the project delivering gas to (liquefied natural gas) terminals in Greece and then from there this can bring gas up to Bulgaria, Romania and central Europe," Vigenin said after talks with his Cypriot counterpart Ioannis Kasoulides.

Williams to spend $6B to get more of Access Midstream

Source: 
The Wall Street Journal

Williams Cos., under investor pressure to improve its performance, will pick up the rest of Access Midstream partners to expand its presence in the midstream sector, in a deal worth some $6 billion, The Wall Street Journal reports.

Russia to cut gas supply to Ukraine

MOSCOW (AP) — Russia on Monday said it would cut off gas supplies to Ukraine as a payment deadline passed and negotiators failed to reach a deal on gas prices and unpaid bills.

Gazprom spokesman Sergei Kupriyanov said that since Ukraine had paid nothing for the gas by Monday Moscow has no legal grounds to supply Ukraine any more.

"Gazprom supplies to Ukraine only the amount that has been paid for, and the amount that has been paid for is zero," Kupriyanov said Monday morning.

Bureau of Ocean Energy Management
Oil

BOEM calls for comment on next offshore oil and gas lease plan

The Interior Department on Friday kicked off the drafting of its next five-year Outer Continental Shelf lease sale program, with oil and environmental groups quickly making it known they will fight over any expansion of drilling to new coastal and Arctic areas.

Walter Cruickshank, the acting director of the Bureau of Ocean Energy Management, cautioned that no specific areas have been proposed for possible leasing. Rather, he said the department has opened a general comment period for federal agencies, states, stakeholders and the public that will lead to a detailed lineup of proposed sales in early 2015.

Ukraine OK with compromise price for Russian gas

Source: 
Reuters

The head of Ukraine’s agency Naftogaz said it would agree to a compromise price over natural gas from Russia in order to keep supplies flowing for the next 18 months, Reuters reports.

Utica Shale gas attracting independents

Source: 
FuelFix

Drillers like Aubrey McClendon’s American Energy Partners are vying to drill in the southeast of the Utica Shale, which some say could rival Marcellus for natural gas, FuelFix reports.

Monday final deadline for Ukraine to pay up: Gazprom

Source: 
The Wall Street Journal

Gazprom’s chief Alexei Miller said Thursday, following the failure of talks with Ukraine, that his company won’t offer more extensions for Kiev to pay its gas debt: Monday is the final deadline, The Wall Street Journal reports.

Gazprom to sell its stake in Lithuanian utilities

VILNIUS, Lithuania (AP) — The Lithuanian government says Russian gas giant Gazprom plans to sell its stake in Lithuanian companies for some 417 million litas ($164 million).

Gazprom, which provides all of the Baltic country's natural gas along a pipeline from Russia, owns 37.1 percent of Lithuanian utilities Lietuvos Dujos and Amber Grid.

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