Last week, the U.S. Department of Energy approved a permit application for Dominion Cove Point LNG to export liquefied natural gas (LNG) to non-Free Trade Agreement (non-FTA) countries. Under the permit, Dominion Resources can export up to .77 billion cubic feet of LNG daily from its Cove Point terminal in the Chesapeake Bay.
The Senate Energy and Natural Resources Committee has announced it will hold a series of roundtable forums on natural gas issues in May. Each of the three forums, which follow a February Committee hearing on natural gas challenges and opportunities, will focus on specific policy issues facing the country’s growing natural gas resources.
Senate Energy and Natural Resources Committee Chairman Ron Wyden (D-OR) has scheduled a full committee hearing on February 12 entitled, “Opportunities and Challenges for Natural Gas.” The hearing will be held at 10:00 am in room 366 of the Dirksen Senate Office Building. This hearing comes at a pivotal time for the U.S. natural gas
On Dec. 5, the Department of Energy released a long-awaited study on natural gas exports. The bottom line was not surprising: exports of natural gas (importantly including LNG) would be a net benefit to the US economy, and the net positive benefit will increase as exports increase. Basic economic theory supports this conclusion. So does
Last week, in what is believed to be the first hydraulic fracturing tort case in the nation to reach a final decision, a Colorado trial court dismissed a personal injury and property damage lawsuit arising out of the drilling, hydraulic fracturing and development of natural gas wells in western Colorado. The lawsuit, Strudley v. Antero