Natural Gas News – January 2, 2018

Natural Gas News – January 2, 2018

To Round Out a Year of Rollbacks, the Trump Administration just Repealed Key Regulations on Fracking

The Washington Post reported: On the last business day of the year, the Interior Department rescinded a 2015 Obama administration rule that would have set new environmental limitations on hydraulic fracturing, or fracking, on public lands. The regulation from the Bureau of Land Management, which had been opposed by the oil and gas industry and tied up in court, would have tightened standards for well construction and wastewater management, required the disclosure of the chemicals contained in fracking fluids, and probably driven up the cost for many fracking activities. It had been held up in litigation and had not taken effect; a Wyoming district court said it exceeded the agency’s authority. Reversing the regulation, the Interior Department says, clears up that legal question and also lifts a costly regulation for the industry, in line with President Trump’s agenda to slash regulations and advance the United States’ “energy dominance.” For more visit washingtonpost.com or click http://wapo.st/2lH0nAp

First-ever Shipment of Russian Gas Unlikely to Remain in UK for Long

The Guardian reported: The first-ever shipment of Russian gas to the UK looks likely to head straight back out on another ship, disproving Moscow’s claims that Britain will be reliant on it for supplies this winter. National Grid confirmed that gas from a Russian field targeted by US sanctions had been delivered by a Russian icebreaker to storage facilities at the Isle of Grain in Kent on Thursday night. Russian media seized on the delivery of liquefied natural gas (LNG) to claim it would “keep Britons from freezing this winter” while the Russian embassy in the UK tweeted: “Help is on the way.” However, industry experts said the most likely scenario was that the UK would simply be a stopping-off point for the gas, which could fetch a much higher price in Asia. For more visit theguardian.com or click http://bit.ly/2DQmEmU

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