Natural Gas

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.

Landrieu presses FERC on Sempra LNG approval

Source: 
Reuters

Senate Energy and Natural Resources Chairwoman Mary Landrieu, D-La., put pressure on the Federal Energy Regulatory Commission to release its environmental review of Sempra's liquefied natural gas export project in Louisiana by the month's end and issue a license by June, Reuters reports.

Hearing set for input on ND gas flaring policy

BISMARCK, N.D. (AP) — North Dakota regulators have scheduled a public hearing later this month on a new plan to reduce the flaring of natural gas in the western oil fields.

Officials with the Oil and Gas Division of the state Mineral Resources Department will hold the hearing at 9 a.m. on April 22 at the department offices in Bismarck. They also are accepting written comments through the close of business on April 21. Comments can be submitted to brkadrmas@nd.gov.

North Dakota drillers currently burn off, or flare, more than 30 percent of the valuable gas — compared to the national average of less than 1 percent — because the development of gas pipelines and processing facilities hasn't kept pace with oil drilling. The state's oil production has nearly doubled since 2012 as energy companies have cracked the Bakken shale formation, and North Dakota now trails only Texas in crude production.

Oil

Oil falls even with supply drop

The price of oil fell slightly Wednesday, despite a report of an unexpected decline in the nation's supplies.

Benchmark U.S. crude for May delivery slipped 12 cents to close at $99.62 a barrel on the New York Mercantile Exchange.

Brent crude, used to set prices for international varieties of oil, dropped 83 cents to $104.79 a barrel on the ICE Futures exchange in London as traders considered the possible reopening of export terminals in Libya.

Washington gas blast threw metal pieces 300 yards

Authorities say the explosion that hit a liquefied natural gas storage facility in Eastern Washington earlier this week threw 250-pound pieces of steel up to 300 yards through the air.

Benton County sheriff's Deputy Joe Lusignan said Tuesday that it was "a little bit of a miracle" that no one was killed.

The Monday blast inside a processing plant at the Williams Northwest Pipeline LNG storage facility outside Plymouth, Wash., injured five people, and left a big gash in the side of an LNG storage tank.

US calls on Europe to wean itself from Russian gas

BRUSSELS (AP) — The United States called on Europe to wean itself from a dangerous dependency on Russian gas, saying it was time to stand together and bring an end to the Kremlin's use of energy supplies as political leverage.

Left unsaid was the European Union's reluctance to follow the United States headlong into shale gas extraction, which has transformed the global energy scene and turned the U.S. from importer into a nascent exporter. Or its refusal to fully re-embrace nuclear power in the wake of the Fukushima disaster in Japan.

And even if it tried to become independent, it would take Europe years to develop promising sources, such as shale deposits in Ukraine and Poland — and with no guarantees of success.

Moody's report finds Marcellus strategy benefitting early comers

Source: 
FuelFix

Moody's said in a new report that natural gas companies that made early investment in the Marcellus Shale are seeing profits due to the region's proximity to high-demand areas in the Midwest and Northeast, FuelFix reports.

Kerry denounces use of energy as weapon

BRUSSELS (AP) — U.S. Secretary of State John Kerry on Wednesday denounced the use of energy as a weapon, a day after Russia sharply hiked the price for natural gas to Ukraine.

Kerry told a meeting of the US-EU Energy Council at European Union headquarters in Brussels that supplies of oil and gas have to be secured throughout the world to prevent their being used as political leverage or tools of aggression. He also urged the council to move forward with efforts to promote the diversification of energy supplies so that no country is overly dependent on one particular supplier.

"It really boils down to this: No nation should use energy to stymie a people's aspirations," Kerry said. "It should not be used as a weapon. It's in the interest of all of us to be able to have adequate energy supplies critical to our economies, critical to our security, critical to the prosperity of our people. And we can't allow it to be used as a political weapon or as an instrument for aggression."

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