Natural Gas News – June 20, 2018

Natural Gas News – June 20, 2018

US Approves Work on EQT Mountain Valley Natural Gas Pipe

Oil and Gas Investor: U.S. federal energy regulators approved EQT Midstream Partners LP’s request to proceed with construction along various segments of its $3.5 billion Mountain Valley natural gas pipeline from West Virginia to Virginia. The segments include construction in parts of Harrison County, West Virginia and Roanoke County, Virginia, the U.S. Federal Energy Regulatory Commission (FERC) said in a filing on June 18. In addition, FERC said it will allow the company to cross the Blue Ridge Parkway in Virginia. The Blue Ridge is a national parkway linking the Shenandoah National Park in Virginia to the Great Smoky Mountains National Park in North Carolina and Tennessee. In May, the U.S. Army Corp of Engineers pulled a permit that authorized the project to discharge dredged and fill materials into several rivers because the permit was at odds with West Virginia environmental rules. For more on this story visit oilandgasinvestor.com or click https://bit.ly/2KaLwg4

Australia Looks to Tackle Its Looming Gas Shortage

Oil Price reported: In a strange about-face for the world’s soon to be top liquified natural gas (LNG) exporter, Australia is now considering importing the fuel. On Monday, ExxonMobil, Australia’s top gas supplier, said it is considering importing the super-cooled fuel to help offset an anticipated gas shortage from 2021 going forward as well as protecting its market share. ExxonMobil is also stepping up exploration off the coast of Victoria and considering developing a gas field called West Barracouta close to an existing field, the oil major also said in an emailed statement on Monday. “Combined with the existing Gippsland resource and infrastructure, an LNG import facility could ensure ExxonMobil can continue to meet our customers’ needs,” the company said, adding that the facility could become operational by around 2022. This disclosure comes as Australia struggles with a natural gas shortage, a unique phenomenon for the gas exporting giant. For more on this story visit oilprice.com or click https://bit.ly/2MHTCLq

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.

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