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.
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. 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.