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.
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.
Cheniere Energy Inc. Chief Executive Officer Charif Souki, the highest paid executive in the U.S., stands to lose 89 percent of his 2013 compensation if a shareholder lawsuit against his company succeeds.
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.
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.”
Cheniere Energy Inc.’s decision to postpone its annual meeting by three months signals a potential shareholder battle over executive compensation at the natural gas export company, which had the highest paid U.S. chief executive last year.