FERC Greenhouse Gas Rule Revision, Canada Oil & Gas Exports: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

GOVERNMENT
U.S. Regulators Slow Consideration of Climate Impact on Gas Projects - U.S. regulators on Thursday delayed requirements to consider greenhouse gas emissions before approvals of natural gas projects, after lawmakers complained the policy would harm the industry just when European allies need gas due to the crisis in Ukraine. Federal Energy Regulatory Commission (FERC) Chairman Richard Glick said that two guidelines the panel approved last month to consider greenhouse gas, environmental justice and landowner issues before approving liquefied natural gas (LNG) terminals and other gas projects would now be considered "drafts." Under the new designation, the draft guidelines on projects will not apply to pending projects until FERC issues any final guidance, the panel said. (Reuters)

Canada Says It Can Boost Oil, Gas Exports - Canada has capacity to increase oil and gas exports by up to 300,000 barrels per day by the end of 2022 to help improve global energy security following Russia's invasion of Ukraine, Natural Resources Minister Jonathan Wilkinson on Thursday. Canada also is looking at ways it could displace Russian gas with LNG from Canada after requests from European countries, the minister added. (Reuters)

U.S., Allies Discuss Further Oil Release from Strategic Reserves - The U.S. and its allies are discussing a possible further coordinated release of oil from storage to help calm oil markets in the wake of Russia's invasion of Ukraine, U.S. energy secretary Jennifer Granholm said on Thursday. "With respect to the emergency stockpiles, these are ongoing discussions and all those tools are certainly on the table," Granholm told reporters at a news conference at the headquarters of the International Energy Agency in Paris. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.