Natural Gas News – February 7, 2018

Natural Gas News – February 7, 2018

Republicans Oppose Gov. Wolf’s Latest Attempt to Tax Natural Gas Drilling

Trib Live reported: Republican state leaders quickly opposed a familiar plea Tuesday from Gov. Tom Wolf to tax natural gas extraction in Pennsylvania to help pay for state spending. Wolf urged the General Assembly to join other natural gasproducing states in approving a severance tax, which in its latest form would bring in an anticipated $250 million over the next year. The money would help pay for a budget that calls for $33 billion in spending, up nearly $1 billion from this year’s plan, according to the proposal. In a televised address that started shortly before noon, Wolf said the spending increase would help boost education and workforce training in the state and add money to address opioid addiction without increasing sales or income taxes. A natural gas severance tax was proposed as part of the budget negotiations. The Senate approved the tax in a bipartisan vote early in the process, but state House leaders never brought the proposal to a floor vote. The latest proposal is his fourth attempt to impose a tax on natural gas production in the Marcellus shale region, according to The Associated Press. For more on this story visit triblive.com or click http://bit.ly/2GSUYjD

India Plans Massive Natural Gas Expansion, LNG Imports to Soar

Reuters reported: India’s push to more than double the share natural gas has in its energy mix to 15 percent by 2022 will require a huge increase in imports and the construction of more LNG terminals. India has four terminals to receiver LNG and imports around 20 million tonnes a year. But over the next seven year the government plans to build another 11 terminals, said Narendra Taneja, spokesman for the ruling Bharatiya Janata Party (BJP). India would eventually require even more than 15 terminals to meet its demand, Taneja said, speaking at an industry conference in Bali, Indonesia. For more on this story visit reuters.com or click http://reut.rs/2sfMfEJ

 

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