Updated Aug 22, 2024
8/22/24
Natural gas futures on Monday advanced through early afternoon trading, propelled by forecasts for widespread heat in late August, lighter production and expectations for another big sign of tightening supply/demand with Thursday’s government inventory data. Spot prices also advanced.
While regulatory uncertainty from the Department of Energy (DOE) hangs over U.S. LNG development, former FERC Chairman Neil Chatterjee sees the pathway for permitting at the Commission improving.
One of the U.S. oil and natural gas industry’s largest trade groups is pushing the Department of Energy (DOE) to reverse a pause on new LNG export licenses as the possibility of intervention from Congress slims.
As congressional pushback against the Biden administration’s pause of LNG export permits heats up, EQT Corp. CEO Toby Rice said U.S. producers and exporters already have work ahead to abate the potential damage to project development.
Legislation aimed at clearing a path for LNG export projects by restraining Department of Energy (DOE) oversight is under fire from the Biden administration after committee discussions Monday.
The U.S. Court of Appeals for the Fifth Circuit has ordered FERC to recalculate a $20.16 million fine levied against BP plc for allegedly manipulating the Texas natural gas market in 2008.
In the first revisions to natural gas policy in more than two decades, FERC on Thursday issued policy statements to guide how future natural gas and liquefied natural gas (LNG) infrastructure is approved, including an interim greenhouse gas (GHG) policy to ensure the “legal durability” of its decisions.
The U.S. Supreme Court has cleared a key roadblock from PennEast Pipeline Co.’s path toward finishing construction of a major natural gas pipeline in Pennsylvania and New Jersey.