Natural Gas News – January 9, 2018

Natural Gas News – January 9, 2018

US Has To Buy Russian Natural Gas As Consumer Prices Soar

RT Reported reported: Russia will deliver liquefied natural gas (LNG) to the US, Kommersant daily reports. The reason for the deal is the sharp rise in gas prices on the east coast of the US. An LNG tanker belonging to French energy company Engie is now shipping from the British port of Isle of Grain to an American termi-nal, Everett, located near Boston. The gas being shipped is from Russia’s Yamal LNG plant, according to the newspaper. The tanker is due to arrive in the US on January 22. As the newspaper reports, the deal was signed because of rising gas prices – to an unprecedented $6,300 per a thousand cubic meters – on the east coast of the US. Extreme weather conditions, in particular a snow storm, led to the price hike. US sanctions against the Russian energy sector do not directly ban supplies of LNG to America from Moscow. However, Washington has repeatedly stressed it wants to oust Russia as Europe’s key gas supplier and has imposed sanctions that hinder the financing of Gazprom’s projects with Brussels. For more visit rt.com or click http://bit.ly/2qJ2qJT

Proposed Pipeline Could Move Natural Gas from Montana to Kansas

Reuters reported: BISMARCK, N.D. (AP)—Officials say a $1.2 billion natural gas liquids pipeline proposed from Montana to Kansas will help accommodate increasing production in North Dakota and help reduce the flaring of excess gas in the state’s oil fields. Oneok’s 900-mile Elk Creek Pipeline would transport up to 240,000 barrels per day of natural gas liquids from a terminal near Sidney, Montana, to Bushton, Kansas. North Dakota Pipeline Authority Director Justin Kringstad says more pipelines are needed to transport growing volumes of natural gas liquids. The Elk Creek Pipeline wouldn’t cross North Dakota but would connect to existing pipelines in the northwestern part of the state. It was reported that the project still needs regulatory approvals from federal, state and local agencies. For more visit greatfallstribune.com or click http://gftrib.com/2CRF6Ph

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