Natural Gas

House Republican Conference

House puts budget, LNG exports in focus before Easter break

House Republicans this week are set to pass a 2015 budget and advance energy exports legislation that will let them tout their differences with the Obama administration during the upcoming Easter recess.

They plan to pass the budget drafted by House Budget Committee Chairman Paul Ryan, R-Wis. by Thursday, and earlier in the week will start advancing a bill through the House Energy and Commerce Committee that would speed up approvals for liquefied natural gas exports.

House Energy and Commerce subcommittee voting session on LNG exports bill

Washington, April 8, 2014, 4:00 pm

House Energy and Commerce Energy and Power Subcommittee begins business meeting on H.R. 6, Domestic Prosperity and Global Freedom Act. Votes to be held Wednesday.

Pennsylvania to collect $224M in gas drilling fees

HARRISBURG, Pa. (AP) — Pennsylvania's new "impact fee" on the booming natural gas drilling industry is expected to generate $224.5 million from wells in 2013, up 10 percent over last year, Gov. Tom Corbett's administration said Friday.

The projection is based on Pennsylvania Public Utility Commission data, and the money will be paid out July 1 to local governments and state agencies and programs.

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.

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