09222018Sat
Last updateThu, 20 Sep 2018 3pm

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CNOOC Eyes Jumps in Oil and Gas Output, LNG Imports

State-owned China National Offshore Oil Corporation (CNOOC) aims to have 50 million tons per year of liquefied natural gas (LNG) receiving capacity by 2020, a company executive was quoted as saying over the weekend.

 

The leading Chinese LNG developer recently won approval to build its fourth LNG receiving terminal along China's coast, which would be able to take up 3 million tons of the fuel a year when it is ready in 2012.

 

Source: Reuters

 

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United States Becomes World Leader in Wind Power

Aggressive investments in 2008 helped the United States surpass Germany to become the world's leader in wind power, according to a report released Thursday by the U.S. Department of Energy.

 

And for the fourth consecutive year, the United States was home to the fastest-growing wind power market in the world.

 

Source: Mercury News

 

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Pipeline Project Emerges From Deep Freeze

Leaders of five nations from Austria to Turkey signed a breakthrough agreement to transit natural gas through their countries in the European Union's planned Nabucco pipeline project aimed at reducing the EU's dependence on Russia.

 

Diplomats and energy-company officials involved with the project said Monday's agreement, signed in the Turkish capital Ankara, has brought Nabucco out of a deep freeze, overcoming a long-running dispute over terms of transit through Turkey and showing the political will to build it.

 

Source: Wall Street Journal

 

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AWWA to Congress: Water Infrastructure Bank Concept Holds Water

The American Water Works Association (AWWA) today urged members of Congress to create a federal water infrastructure bank to help America invest in its aging water systems.

 

In testimony before the House Subcommittee on Water Resources and Environment, Chips Barry, a former member of AWWA's Water Utility Council and current manager of Denver Water, told the committee that the United States is best served by water systems that sustain themselves through consumer rates and other local financing. However, the federal government can help by providing access to low-interest loans.

 

Source: AWWA

 

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Alaska Natural Gas Gets New Market Competition

If there weren't already enough barriers to building a gas pipeline from Alaska's North Slope, the Lower 48 recently entered its biggest-ever natural gas boom.

 

Just as the prospects for the Alaska gas line seem to be growing brighter, new drilling techniques have unlocked vast pools of natural gas all over the Lower 48, from Texas to Pennsylvania. For now, demand isn't keeping up. Prices have swooned and drill rigs are idling.

 

Source: Anchorage Daily News

 

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