Nat Gas News – November 22, 2017

Natural Gas News – November 22, 2017

Pennsylvania House leaves Marcellus Shale tax up in the air

The Seattle Times reported: HARRISBURG, Pa. (AP) — Legislation in the Pennsylvania House of Representatives to impose a long-sought tax on Marcellus Shale natural gas production is up in the air until December. The Republican-controlled House adjourned until Dec. 4, after spending parts of Monday and Tuesday debating proposed amendments by Republicans who oppose a tax in the nation’s No. 2 gas state. Dozens of proposed amendments are still lined up, and House Republican leadership opposes the bill. Supporters of a tax include most Democrats and Republicans from southeastern Pennsylvania, but some say industry-friendly amendments to the bill may change their minds. The Republican-penned proposal raises less money than the 6.5 percent tax proposed by Democratic Gov. Tom Wolf. The bill’s volume tax rises with the price of natural gas and would raise about $100 million in a full year, using 2016 production and current prices. For more visit seattletimes.com or click http://bit.ly/2B356lX

 

Poland signs 5-year US natural gas import deal 

The Hill reported: Poland’s state-owned oil and natural gas company signed a five-year deal Tuesday to import liquefied natural gas (LNG) from the United States. The deal is between Polish Oil and Gas Company Group (PGNiG) and Centrica LNG Co., for shipments between 2018 and 2022, the parties said. The gas will go through Cheniere Energy’s Sabine Pass LNG terminal in Louisiana. PGNiG did not disclose the gas volumes or prices. “This five-year agreement for American LNG deliveries is based on gas market conditions. We look forward to working with Centrica as a partner to continue to provide diversified supply into Poland,” Piotr Wozniak, PGNiG’s CEO, said in a statement. “We are extremely pleased to have concluded this mid-term contract with PGNiG as part of Centrica’s strategy to build our global LNG portfolio,” said Jonathan Westby, Centrica’s managing director for energy marketing. For more visit thehill.com or click http://bit.ly/2B37Gsl

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Make a Call

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote