Nat Gas News – November 7, 2017

Nat Gas News – November 7, 2017

Russian Natural Gas Industry Unfazed By U.S. Sanctions

USA Today reported: Russia’s energy industry faces a new round of U.S. sanctions — including on oil projects in any location if a designated entity holds more than 33%. And in Europe, where Russia’s gas giant Gazprom currently holds a large share of the gas supplies, Poland and Lithuania are buying U.S. liquid natural gas (LNG) in an effort to shake off Russian dominance. Despite the sanctions and cold shoulders from Poland and Lithuania, Russia still has plans to boost its LNG capacity and exports, with one of its major LNG export projects focusing on Asia, more specifically China, as its destination. The LNG project has relied on Chinese funding to bring the project to completion. By securing funding from China, Russia is not only finding alternative sources of financing in the face of U.S. sanctions; it’s also securing sales volumes in the fastest-growing LNG import market. For more visit usatoday.com or click https://usat.ly/2zl8R9i

Questions May Be Asked Dec. 5 About Regional Natural Gas Pipeline Project

Meadville Tribune reported: An open house next month will give Ashtabula County, Ohio, residents the chance to ask questions about an $86 million natural gas pipeline project scheduled for next year. RH energytran of Erie — the company that will build the pipeline — hosts the open house from 5:30 to 7:30 p.m. Dec. 5 at Water’s Catering, 3224 E. Center St. (Route 20) in North Kingsville. “Notices are going out to anyone with a vested interest in the project,” Dennis Holbrook, a company spokesperson, said Friday. The project would build an estimated 28 miles of new, 12-inch pipe that would be attached to an existing 32 miles of line that begins in Meadville. The new portion would travel about 16 miles in a northwestern direction through Pennsylvania before entering the Conneaut (Ohio) area, where the new pipe would continue for another 12 miles, culminating at a spot in North Kingsville. For more visit meadvilletribune.com or click http://bit.ly/2iAEIrW

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
Give Us a Call Today

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

800.695.6626

Send Us an Email

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

Send Email

Find a Mansfield Location

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

View Locations

Get a Quote Today

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