Natural Gas News – December 1, 2017

Natural Gas News – December 1, 2017

Commission Seeks Fracking Ban in Watershed Supplying NYC

A commission that oversees water quality for the watershed that supplies Philadelphia and half of New York City with drinking water took another step Thursday toward permanently banning natural gas drilling and hydraulic fracturing, despite industry opposition. The Delaware River Basin Commission’s newly published draft regulations would enact a formal ban on fracking, as well as put additional restrictions to make it harder, if not impossible, for the industry to dispose wastewater within the watershed or use water from the river and its tributaries for fracking outside the basin. It scheduled four hearings in January and a public comment period through Feb. 28, with a final vote possible next year. The area supplies drinking water to 15 million people. The decade-old drilling boom in the Marcellus Shale natural gas reservoir — which lies beneath much of Pennsylvania and extends into New York — has put pressure on the Delaware River basin to allow exploration and fracking, the technique that’s spurred a U.S. production renaissance in shale gas and oil. For more visit usnews.com or click http://bit.ly/2nkWHIN

Arrow Energy Strikes Major Gas Deal with Shell in Queensland’s Surat Basin

ABC News reported: Arrow Energy has signed a 27 -year agreement to supply more than four times the forecast east coast domestic gas shortfall to Shell’s Queensland Curtis Liquified Natural Gas project every year. Arrow Energy CEO Qian Mingyang said the company’s equal shareholders PetroChina and Shell had approved the agreement, which offers long-awaited infrastructure collaboration in the natural gas industry. “It will create better cost efficiencies and enable us to bring this gas to market in a challenging investment climate,” Mr Qian said. He said utilising existing pipelines and infrastructure would reduce the impacts on landholders and local communities. For more visit abc.net.au or click http://ab.co/2i8gbLm

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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.

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