Natural Gas

DOE approves Jordan Cove LNG export proposal

The Energy Department on Monday approved the seventh application for export of liquefied natural gas to a non-free trade agreement country.

The approval allows up to 800 million cubic feet per day in exports from the planned Jordan Cove Energy Project terminal in Coos Bay, Ore.

The project is subject to additional environmental and regulatory reviews by the Federal Energy Regulatory Commission.

The department said it will continue to process pending export applications on a case-by-case basis in the order it announced in late 2012, taking into account market developments.

This latest approval comes as lawmakers and the gas industry call for immediate approval of some or all of more than 20 applications, in part to relieve European dependence on gas from Russia.

Replacing urban natural gas pipelines a costly ideal

Source: 
The New York Times

Natural gas line leaks below cities are increasingly frequent, posing a challenge for cities including New York, which has some of the oldest gas transportation lines nationwide, The New York Times reports.

Oil

Oil near $99 after China manufacturing drops

The price of oil fell slightly Monday following a drop in China's manufacturing.

Benchmark U.S. crude for May delivery was down 3 cents at $99.43 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 56 cents to $99.46 on Friday. Brent crude, used to set prices for international varieties of crude, fell 28 cents to $106.64 a barrel

The preliminary version of HSBC's purchasing managers' index for China released Monday showed manufacturing dropped to an eight-month low.

Petrochemical firms making big bets on cheap natural gas

Source: 
The Wall Street Journal

Lower natural gas prices have caused a resurgence among American petrochemical and plastics manufacturers, leading major companies to  make plans to build or expand at 48 facilities nationwide, The Wall Street Journal reports.

Oil company endorses NV's proposed fracking rules

ELKO, Nev. (AP) — A Houston-based oil company has endorsed the state's proposed rules governing hydraulic fracturing, better known as fracking.

The proposed regulations support proven technologies to safely develop Nevada's oil and gas, said Kevin Vorhaben of Noble Energy Inc., which is exploring for oil in three Elko County locations.

They also would ensure safety to human health and the environment, he said at a public workshop in Elko on Wednesday hosted the Nevada Division of Minerals.

Energy Guardian Photo

Energy exports get spotlight as Congress returns to work

Lawmakers return to Washington this week with Ukraine on their minds -- and some seeing the crisis as a reason to export the U.S. oil and gas boom, in the midst of this election year.

The new chair of the Senate Energy and Natural Resources Committee, re-election hopeful Sen. Mary Landrieu, D-La., holds her first hearing on Tuesday on potential impacts from expanded natural gas exports.

The same day, a House Energy and Commerce Committee panel begins work on a gas exports approval bill by Senate candidate Rep. Cory Gardner, R-Colo., who is running for the GOP nomination to challenge Sen. Mark Udall, a Democrat.

Kentucky House rejects eminent domain for pipeline

FRANKFORT, Ky. (AP) — The Kentucky House has passed legislation that would bar private natural gas liquid companies from using eminent domain laws to acquire property.

Companies such as the Bluegrass Pipeline project would be required to purchase land from consenting property owners before they can build on it.

Bill sponsor Rep. John Tilley, a Hopkinsville Democrat, says natural gas liquids do not provide a public service and don't qualify for eminent domain exception.

Report: Pennsylvania drilling taxes among lowest

PITTSBURGH (AP) — Pennsylvania's taxes on the natural gas drilling boom are among the lowest in the nation, according to a new report from a nonpartisan office of the state Legislature.

Pennsylvania is the only state with significant production that doesn't impose a severance tax based on the volume or market value of gas produced, the figures released Thursday by the Independent Fiscal Office found. Instead, the state imposes an impact fee for each well drilled, no matter what it produces.

The report looked at 11 states and found that a Pennsylvania well that began producing in 2014 will be taxed at an effective tax rate of at most 1.6 percent. By comparison a similar well in West Virginia will be taxed at 7.2 percent, a Texas well at 4.6 percent, a Colorado well at about 5.6 percent, and Ohio at 1.8 percent.

Minnesota tribe helps fellow tribes buy propane

BISMARCK, N.D. (AP) — Donations from an American Indian tribe in Minnesota totaling nearly $1.4 million have helped Great Plains tribes weather this winter's propane crisis.

The Shakopee Mdewakanton Sioux Community provided grants to the Standing Rock Sioux in North Dakota and South Dakota; the Yankton, Rosebud and Cheyenne River Sioux in South Dakota; and the Santee Sioux in Nebraska.

"The propane shortage this year has been particularly hard on American Indian communities," Shakopee Chairman Charlie Vig said in a statement. "We are compelled to help our fellow tribes get through the remaining days of winter."

Crimea goes east, Ukraine goes west in 2 new deals

BRUSSELS (AP) — Two almost simultaneous signatures Friday on opposite sides of Europe deepened the divide between East and West, as Russia formally annexed Crimea and the European Union pulled Ukraine closer into its orbit.

In this "new post-Cold War order," as the Ukrainian prime minister called it, besieged Ukrainian troops on the Crimean Peninsula faced a critical choice: leave, join the Russian military or demobilize. Ukraine was working on evacuating its outnumbered troops in Crimea, but some said they were still awaiting orders.

The chief of the U.N. came to Kiev and urged calm on all sides.

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