Loan Approved For LNG Plant
Venture Global LNG, a U.S. liquefied natural gas (LNG) export project developer, said it has secured a $220 million bridge loan from with Morgan Stanley Senior Funding Inc. and associated lenders. Proceeds will be used…
CNG Is Safe Fuel, Data Show
There are many misconceptions about how safe compressed natural gas (CNG) is as a vehicle fuel. This is the same fuel used to heat houses, clothes dryers, stoves, etc., but it is compressed usually to…
World Markets Racing For LNG
Liquefied natural gas (LNG) is playing an increasingly important role in the global energy mix, driven by its environmentally friendly characteristics, versatility and relatively cheap price. LNG is perceived as a transition fuel that can…
Gas Glut Creating Mixed World Market
Surging production of U.S. liquefied natural gas (LNG) and slower growth of demand in Asia this year could leave companies that have committed to long-term purchase contracts struggling to find markets, analysts say. Over the…
Consolidation Reshaping LNG Sector
The recent geographical developments in the liquified natural gas (LNG) industry are occurring at a time of consolidation. The $53 billion combination of Royal Dutch Shell and BG Group has created the world’s largest LNG…
Fuel Sector Sees 2 Acquisitions
Quarles Petroleum Inc., a regional provider of residential and commercial fuel based in Fredericksburg, Va., signed a purchase agreement to acquire Revere Gas, a third generation, family-owned retail propane gas distributor based in Hartfield, Virginia…
Natural Gas Usage to Grow, EIA Report Says
U.S. natural gas market trends from 2018 are expected to continue this year into 2020, including relatively stable Henry Hub natural gas prices and increasing natural gas production and exports, according to the U.S. Energy…
Bottini Fuel Plead Guilty
Bottini Fuel of Wappingers Falls, N.Y., pleaded guilty to falsifying business records and agreed to pay more than $3.2 million in restitution and civil damages, the New York Attorney General announced recently. The criminal conviction…
EIA Seeks Input On Biofuel Reporting
The U.S. Energy Information Administration (EIA) is seeking public comments on several changes it intends to make within its Petroleum Supply Reporting System (PSRS), including those related to data collection on biofuels. In December, EIA…
Exxon, Qatar Plan $10 Billion Gas Plant
Exxon Mobil is making a big bet on the future of exporting natural gas. Exxon and Qatar Petroleum announced they will go ahead with a $10 billion project to export liquefied natural gas from a…
Lawsuit Calls For Methane Digesters
Los Angeles Superior Court has approved a settlement in a lawsuit against Southern California Gas Co. (SoCalGas) resulting from the 2015-2016 Aliso Canyon natural gas leak, according to an announcement from the California Air Resources…
Drillers Awash in Natural Gas
roducers in North Dakota flared 527 million cubic feet of gas per day in 2017, according to industry reports. During that time North and South Dakota consumed about 530 million cubic feet of gas...
