Nat Gas News – November 17, 2017
Nat Gas News – November 17, 2017
Regulatory Hurdles Are Hampering Natural Gas Exports
The Hill reported: Reaching consensus about energy policy is rare in Washington these days. It’s about as hard as getting the House and Senate to move forward rather than backward on health care and taxes. But one extremely important issue on the table should be a no-brainer even for the anti-free-trade Trump administration: given China’s growing interest in switching from coal to cleaner natural gas for its domestic energy needs, a golden opportunity exists to take advantage of America’s huge shale-gas supply. China’s demand for natural gas is expected to reach 330 billion cubic meters in 2020, up from 206 billion last year, and the United States is well-positioned to capture a significant share of that rising demand. With little fanfare, U.S. shale-gas production has been booming. It recently rose 12 percent in one month alone, from 53 billion cubic feet in August to 59.4 billion cubic feet in September. Thanks to the shale revolution, the United States is now the world’s top producer of natural gas. For more visit thehill.com or click http://bit.ly/2AVfNaW
Class Action Lawsuit Filed against Connecticut-Based Electric Utilities
The New Haven Register reported: A class action in lawsuit has been filed in U.S. District Court in Boston claiming Eversource Energy and Avangrid manipulated capacity in New England’s natural gas transmission network and cost 7.1 million electric customers across New England $3.6 billion in overcharges between 2013 and 2016. The law firm Hagens Berman Sobol Shapiro filed the class action case Tuesday and announced it Thursday evening. The report’s authors allege that the natural gas utilities would cancel some of the capacity requests later in the same day so that the space could no longer be resold. Because of the way power plant operators buy the natural gas they need, a shortage of capacity drives up electric costs. For more visit nhregister.com or click http://bit.ly/2A7k0Lw
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