The Obama administration on Friday ended months of speculation about its energy export stance by granting the first new natural gas export authorization in two years, with more decisions expected in the coming months.
The Energy Department approved Freeport LNG's export of 1.4 billion cubic feet of natural gas a day to non-Free Trade Agreement countries from its terminal at Quintana Island, Texas.
NICOSIA, Cyprus (AP) — Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's finance minister said Thursday.
At the first of three forums on the natural gas industry, Senate Energy and Natural Resources Chairman Ron Wyden, D-Ore., said a decision on legislation would be made after the meetings conclude, Platts reports.
Rep. Pete Olson, R-Texas, introduced legislation that would allow natural gas ethanol to be included in the federal Renewable Fuel Standard, FuelFix reports.
WASHINGTON (AP) — A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.
WASHINGTON (AP) — A Michigan company that received a $50 million federal loan to make vans for the disabled has stopped production and laid off its 100 workers.
Acting Assistant Secretary for Fossil Fuels Christopher Smith told the Offshore Technology Conference that the Energy Department is making progress on pending LNG export applications, FuelFix reports.
Vehicle Production Group, a natural gas vehicle producer that received $50 million in Energy Department loans, has suspended operations, The Detroit News reports.
Senate Energy and Natural Resources Chairman Ron Wyden, D-Ore., asked the Justice Department to join the European Union's probe of possible oil price manipulation, Reuters reports.
Nuclear Regulatory Commission Chairman Allison Macfarlane said the NRC can't consider a public hearing on the San Onofre nuclear plant until June, when an appeal period of an Atomic Safety and Licensing Board ruling ends.
Sens. Bob Corker, R-Tenn., and Joe Manchin, D-W.V., introduced a bill that would ensure that only domestically-made biofuels can be used to meet the Renewable Fuel Standard, The Chattanoogan reports.
A federal judge refused to reconsider a ruling that upheld the Interior Department's power to ban new hard rock mining projects on federal land, The Associated Press reports.
Tesla Motors increased the value of its stock and debt offerings 30 percent to $1.08 billion to gather reserves and pay back its Energy Department loans, Bloomberg reports.
Poland called on the European Union to end energy subsidies for fossil fuels and renewable sources and cut oil imports to better combat climate change, Bloomberg reports.
The first well reports from the Utica shale in Ohio show a significant supply of natural gas but not as much oil as some energy companies were expecting, Reuters reports.
