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Showing posts with label Natural Gas Industry. Show all posts
Showing posts with label Natural Gas Industry. Show all posts

1/17/14

Europe to America: We Want Your Gas - "But do you really want to sell your soul to the devil?" - by Amy Harder

Citing economic and national security woes, more than a dozen European nations are ramping up pressure on Washington to open wider its federally restricted spigot of natural-gas exports.

The countries, which primarily include Eastern European nations heavily dependent upon Russia for their energy supplies, are working with a Washington-based government-affairs firm to launch a lobbying coalition in the next month with American energy companies, primarily through two major trade associations: America's Natural Gas Alliance and the American Petroleum Institute.

The coalition, whose name will be LNG Allies, will lobby Washington on allowing these countries easier access to natural gas from the United States, where supplies have ballooned in recent years and domestic prices have plummeted compared with the rest of the world. Right now, federal law significantly restricts U.S. companies from exporting natural gas to countries that are not free-trade partners with United States, which includes Europe.

"These countries are all still very heavily dependent upon Russia, and they're excited about getting into the LNG [liquefied natural gas] marketplace, and are looking for not only U.S. gas, but good, solid business relationships," said the coalition's organizer, who works for the firm launching the coalition.

Note EU-Digest: this should be another incentive for Europe to invest heavily in alternative energy instead of selling their soul to the devils (Russia and USA) for energy.

Read more: Europe to America: We Want Your Gas - NationalJournal.com

10/11/13

EU Votes to Tighten Rules on Drilling (fracking) Method - by James Kantner

European Union lawmakers voted narrowly on Wednesday to force energy companies to carry out in-depth environmental audits before they deploy a technique known as fracking to recover natural gas from shale rock.

The technique involves shooting a cocktail of water, sand and chemicals under pressure into shale to break it up and release the gas. France has already banned the technique, also known as hydraulic fracturing. And it has produced protests in Britain. 

The rules were narrowly approved by the European Parliament, which is meeting this week in Strasbourg, France, and still must undergo another round of voting in the Parliament once an agreement on final language is reached with European Union governments. Shale gas projects that do not use fracking would not be covered by the rules, which update environmental legislation in Europe. 

Even so, the result is a setback for the shale-gas industry in Europe, where it is far less developed than in the United States and where many citizens are more concerned about the environmental impact of recovering the gas than about finding new sources of hydrocarbons as a way of combating stubbornly high energy prices.

Note EU-Digest: Recently the Dutch Government postponed their plans to explore Gas reserves in the Province of Flevoland by means of fracking in order to carry out more in depth studies as to the safety of such exploration.

Read more: Europe Votes to Tighten Rules on Drilling Method - NYTimes.com

2/10/13

NETHERLANDS: Groningen hit by earthquake

Gas-Rich Groningen Province in the Netherlands was hit again by an Earthquake.

The Dutch province of Groningen, which sits on the large and lucrative Slochteren gas deposit, was hit by another earthquake as pressure grows on Royal Dutch Shell Plc and Exxon Mobil Corp. to cut output amid forecasts of heavier temblors as the natural gas is removed.

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