Environmentalists fighting the Keystone XL pipeline are rallying to block a Maryland natural gas export terminal as momentum builds to use the U.S. fuel as a weapon against Russia’s intervention in Ukraine.
U.S. efforts to speed natural gas exports as a way to loosen Russia’s grip on European energy supplies may be thwarted by lengthy reviews and developer reluctance to proceed with multibillion-dollar projects.
Natural gas futures climbed in New York for the first time in five days on speculation that government data will show a bigger-than-normal decline in stockpiles of the heating fuel as cold weather stoked demand.
Spectra Energy Corp. detected a “small” leak in an offshore 20-inch natural-gas pipeline, Wendy Olson , a company spokeswoman. The line is 80 miles (130 kilometers) from Cameron Parish, Louisiana, she said.
The Energy Department approved Lake Charles Exports LLC to ship natural gas from its terminal in Louisiana, the third facility the Obama administration has backed to sell to nations that lack free-trade agreements with the U.S.
Cheniere Energy Inc.’s cost to build a Louisiana gas export terminal won’t be affected by a U.S. regulator’s failure to approve the project today, the company’s chairman said after earlier warning of “significant price increases.”