Nat Gas News – November 17, 2017

By Published On: November 17, 2017Categories: Uncategorized

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

This article is part of Uncategorized

Tagged:

Subscribe to our Daily Feed

Daily articles and insights from the fuel markets and natural gas space.

Categories
Archives
MARKET CONDITION REPORT - DISCLAIMER

The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

Stay on Top of the Fuel Markets

FUELSNews, your daily source of marketing information and insights

Subscribe to our publications and newsletters