Natural Gas News – July 26, 2018
Natural Gas News – July 26, 2018
Europe will import more US natural gas, Trump and Juncker say after meeting
CNBC reported: The United States and the European Union have agreed to work towards boosting natural gas trade, an issue that President Donald Trump pressed forcefully at this month’s NATO meeting in Brussels. Shipping more U.S. gas to Europe is one of the matters European Commission President Jean-Claude Juncker agreed to take under consideration on Wednesday at a White House meeting with Trump that yielded progress in a trade dispute between the United States and the EU. Specifically, Juncker said the EU will build more terminals to import liquefied natural gas, or LNG, a form of the fuel super-chilled to liquid form for shipment by sea. He did not specify whether he was referring to new terminals in addition to those already planned, or whether the EU would invest in the large on-shore plants or more affordable floating facilities. For more on this story visit cnbc.com or click https://cnb.cx/2Ad4fnh
US Clears Path For Faster Natural Gas Exports To Latin America
Rig Zone reported: The U.S. Energy Department on Wednesday cleared the way for faster approval of small scale exports of natural gas including liquefied natural gas to Latin American countries by issuing a rule that does away with a public interest review of the shipments. U.S. Energy Secretary Rick Perry said in release that the so-called small scale rule will reduce “the regulatory burden on American businesses while also providing significant benefits to our trading partners in the Caribbean, Central America and South America.” The rule was published in the Federal Register. Previously, companies that wanted to export natural gas to non free trade agreement countries were subject to a Department of Energy (DOE) public interest review. With the final rule, the DOE will grant approval to export natural gas and liquefied natural gas (LNG) to non-free trade agreement countries. For more on this story visit rigzone.com or click https://bit.ly/2LGwcbF
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