Last week Hess Corp. announced it was withdrawing its application to construct an LNG receiving terminal in the Providence, Rhode Island area. A local newspaper congratulated itself that its editorials helped mobilize the opposition it credits with stopping the terminal. Not surprisingly, New England has little appreciation for the energy business, except when oil prices go up, and the changes that have occurred in the natural gas market due to the success with gas shales.
June 2011
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Gas Shale Changed LNG Market Not Opposition
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Musings from the Oil Patch – June 7, 2011
- A Real Game-Changer – Saudi Aramco’s ATP Effort?
- UK Hydraulic Fracturing Report Supports Technology Use
- If U.S. Follows Canada’s Fiscal Solution, Energy Use To Fall
- Frac Attack: Burning Water And Earthquakes
- Scientists: Forget About Peer Review; Fear Legal Action!
- Tornadoes Give Climate Change Supporters Ammunition
- Will Canada’s Summer Help Global Warming Proponents?
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The Rising Power of the Gas Traders
Securing Europe’s future gas supplies will depend increasingly on a combination of physical hubs and trading skills as gas import rise and Europe’s indigenous gas reserves dwindle. Crispian McCredie and Ruud Weijermars, ALboran Energy Consultants, explain how trading works and what action is needed to further improve liquidity in nascent pan-European gas trading system. (more…)