Physicist and MIT Researcher Ernest Moniz was officially confirmed as the next US Energy Secretary, replacing Stephen Chu, yesterday. The Senate voted 97-0 in favor. Moniz served as energy undersecretary under the Clinton Administration. Various groups and organizations from private business to the environmental community made statements supporting Moniz’s confirmation. They highlighted his work and… Keep reading →
The ongoing debate about whether the US should permit additional LNG exports to countries with which it does not have a free trade agreement (non-FTA) is far from being just a question of whether we have enough gas to remain well-supplied domestically and export to other countries. The LNG export issue touches upon prospects for… Keep reading →
Experts Endorse US LNG Exports In response to a recent House Foreign Affairs Subcommittee hearing on the economic and geopolitical opportunities of natural gas exports, Bill Cooper, president of the Center for Liquefied Natural Gas issued the following statement: “Thursday’s hearing adds to the growing understanding that LNG exports are a huge opportunity for the… Keep reading →
Lower medium-term crude oil prices could act as a tax cut on US consumers The North American energy world has been turned on its ear in recent years – a pressing need to build natural gas import facilities has become an export discussion, as gas and oil output significantly increased taking most industry observers by… Keep reading →
Shell has bet heavily on LNG over the past two decades and now has one of the world’s largest LNG portfolios with assets in every segment of the value chain from gas production and liquefaction to retail sales. The company is confident its investments will pay off as natural gas applications continue to move beyond the power generation and industrial sectors into land-based and maritime transportation. Keep reading →
Low natural gas prices in North America have prompted many oil and gas companies to jettison their dry gas assets, Fort Worth-based Quicksilver is capitalizing on Asian buyers’ efforts to secure lower-cost LNG feedstock to attract joint venture partners for its acreage in areas like the Horn River and Barnett shales.
Quicksilver is in negotiations for a joint venture partner in its Horn River Basin acreage in Canada. The company appears to be favoring an Asian buyer with an eye to exporting natural gas across the Pacific. Keep reading →
Hopes that the advent of liquefied natural gas (LNG) exports from the United States to Europe could help bring down European prices may prove misguided, according to VTB Capital’s head of energy research, Colin Smith.
“Is US LNG going to cut gas prices in Europe? Probably not by very much, if at all,” Smith said at the VTB Capital New York Investment Forum on April 10. Keep reading →
President Obama’s nominee to lead the Department of Energy, Ernest Moniz, dealt with questions about LNG exports from both sides of the aisle during his Senate Committee on Energy and Natural Resources hearing held Tuesday April 9th.
If confirmed, which is widely expected, Moniz would be in charge of the department responsible for issuing some of the permits needed to export LNG from the US. He previously supported exports in a co-chaired 2011 MIT report entitled “The Future of Natural Gas,” which concluded “The U.S. should sustain North American energy market integration and support development of a global ‘liquid’ natural gas market with diversity of supply. A corollary is that the U.S. should not erect barriers to natural gas imports or exports.” Keep reading →
The US House Oversight and Government Reform Committee held a hearing on the approval process for exporting LNG to non-free trade agreement countries on Tuesday. One approval has thus far been granted to export LNG to non-free trade agreement nations and several are currently pending. Proponents of LNG exports are anxious to get projects running before the global LNG market tightens as major LNG export projects come on stream in other parts of the world, particularly Australia.
Here are a few highlight from the hearing courtesy of the Center for Liquefied Natural Gas: Keep reading →
Despite objections, the U.S. is heading down the road to export natural gas, and that could ultimately help shake up world energy markets.
The boom in U.S. natural gas, thanks to new drilling technologies has resulted in a record amount of recoverable gas at cheap prices. Selling some of it abroad would bolster U.S. exports, help trade imbalances and relations, and provide fuel to parts of the world where it is now scarce and expensive. Keep reading →
