LNG

Julia Gillard Visits Papua New Guinea - Day 2

The recent surprise drop in crude oil prices is having big impacts on international LNG prices and may cause a slowdown in the development of LNG export plants globally. LNG is liquefied natural gas, cooled to a temperature of -260° F, for the purpose of compression and transportation. International shipments of LNG by container ship… Keep reading →

A liquefied natural gas (LNG) tanker arr

The proposed Port Ambrose deepwater LNG terminal near New York City has been denounced by environmentalists as a dirty and dangerous export terminal in disguise. The reality is that LNG is the safest and cleanest fuel available and natural gas is critical in efforts to eliminate air pollution and save lives in New York City.… Keep reading →

Steel Plant Continues Production Despite Conflict In Eastern Ukraine

Major steel manufacturer US Steel announced layoffs in excess of 700 employees and said deteriorating market conditions were to blame. “’This action is a result of a decline in tubular market conditions, which is impacting demand for the plant’s products,’ U.S. Steel wrote in a letter addressed to USW President Leo Gerard.” [Pittsburgh Post-Gazette] Excelerate… Keep reading →

Oil Drops To $96 A Barrel As Energy Prices Decline 1.4 Percent In April

2015 Oil Prices: U.S. to Emerge as Dominant Player Business Day: For years, Organisation of Petroleum Exporting Countries (OPEC) pulled the strings set the price of oil and controlled the supply. After dictating the course of oil prices for more than 50 years, OPEC is finding its influence diminished. Right now, OPEC represents about 40… Keep reading →

A liquified natural gas (LNG) tanker sit

Liquefied natural gas (LNG) is often regarded as extremely dangerous and toxic with container ships called floating bombs. But is this perception accurate? The historical reality is that LNG has the best safety record of all common fuel types and is completely non-toxic. Of course natural gas vapors are flammable and present safety hazards that… Keep reading →

Tamar, The Natural Gas Production Platform Off The Israeli Coast, Is To Begin It's Natural Gas Production

Developing the abundant natural gas resources discovered offshore Israel is a complicated endeavor that involves considerable geopolitical diplomacy in addition to the traditional commercial details that must be worked out when building multi-billion dollar energy projects. “Natural gas is both a geopolitical tool and a target in Israel, where a newfound bonanza of resources has… Keep reading →

'The Jetsons'

Kinder Morgan is submitting a revised route for a proposed natural gas pipeline designed to bring additional supplies of natural gas into Massachusetts where gas and power prices spiked last winter due to a combination of physical supply issues and market factors. The company changed the route in response to public opposition. This is another… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

Is It Time for the U.S. to Lift Its Restrictions on Oil Exports?  Wall Street Journal (Jason Bordoff): It’s a whole new oil world for the U.S. After decades of declining domestic oil production, the country is in the middle of an unexpected boom. Driven by new technology that reaches previously inaccessible reserves, production has soared… Keep reading →

Report Claims 20 Percent Of US's Energy Could Come From Wind Power

Tax reform talk is heating up in Congress as they hurry to pass a tax extenders bill before year end. Iowa Senator Chuck Grassley wants the controversial wind energy production tax credit included in the bill. “I’m concerned about rumors that some are working to leave out or shorten the extension of the wind energy… Keep reading →

freeport lng

The US Department of Energy today granted Freeport LNG two final authorizations to export natural gas to non-Free Trade Agreement countries. The ruling authorizes Freeport to export up to 1.8 billion cubic feet of LNG per day for 20 years. The DOE earlier this year changed its LNG permit approval process from a blanket first… Keep reading →

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