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.
BNP Paribas SA’s energy trading unit won a ruling from the U.S. Court of Appeals in Washington that the Federal Energy Regulatory Commission used an incorrect formula in assigning costs for natural gas storage.
Enterprise Products Partners LP must prioritize propane shipments on a pipeline to the U.S. Midwest and Northeast, where cold weather has caused heating-fuel prices to climb, federal regulators ordered in the first use of their emergency powers.
Blythe Masters, JPMorgan Chase & Co.’s commodities head, withdrew from an advisory committee of the U.S. Commodity Futures Trading Commission a day after her appointment was disclosed, according to two people with direct knowledge of the decision.
The U.S. Federal Energy Regulatory Commission said it will audit Duke Energy Corp.’s 2012 merger with Progress Energy Inc. to determine whether the company complied with conditions the agency imposed to approve the deal.