Natural Gas News – June 22, 2018

Natural Gas News – June 22, 2018

California Regulators Reject $639M Natural Gas Pipeline

US News reported: California regulators have rejected plans to build a 47-mile natural gas pipeline in San Diego County after a judge ruled the $639 million project is unnecessary. The San Diego Union-Tribune says the California Public Utilities Commission rejected the plan on Thursday. San Diego Gas & Electric and South-ern California Edison wanted to build a 36-inch pipeline between the communities of Rainbow and Miramar. It would have largely replaced a 16-inch pipeline built nearly 70 years ago. The utilities argued that the new, larger pipeline would improve safety and reliability and add capacity. It also would have added an estimated 57 cents a month to customer bills. SDG&E says the ruling means that the utility will now have to conduct expensive safety testing on the existing pipeline rather than replacing it. For more on this story visit usnews.com or click https://bit.ly/2lrF3z6

Shale’s US $2b Natural Gas Leak Shows Bigger Climate Hit

Business Times reported: The shale boom that flooded the US with cheap natural gas, displacing coal and nuclear power generation, isn’t as green as you think. An estimated 2.3 per cent of the gas pumped from American fields is lost to leakage from well sites, processing plants and compressor stations, according to an Environmental Defense Fund report published in the journal Science on Thursday. That’s higher than the Environmental Protection Agency’s 1.4 per cent estimate. The result was based on ground measurements and aircraft observations in areas accounting for about 30 per cent of American gas production, according to the EDF. Those results were extrapolated on a national scale to calculate the leakage estimate. While carbon dioxide grabs most of the attention as the top contributor to climate change, methane that makes up the bulk of the natural gas stream is 80 times more potent over a 20-year period, according to the New York-based environmental advocacy group. For more on this story visit businesstimes.com.sg or click https://bit.ly/2K8ikTp

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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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