U.S. natural gas trading volume increased for the first time since 2011, while aggregate trading of natural gas contracts on the two main exchanges decreased for the third straight year.From 2014 to 2015, U.S. natural gas trading volume increased 4 percent; the trading volume measured by Form 552 submissions increased for the first time since 2011. The number of Form 552 respondents also increased, from 656 in 2014 to 680 in 2015. Aggregate trading of natural gas contracts on the two main futures exchanges decreased for the third straight year. Intercontinental Exchange Inc. (ICE) trading decreased by 3.8 percent and CME Group Inc. (CME) trading increased by 2.4 percent as the CME gained market share.U.S. natural gas production has been ramping up and is projected to continue increasing due to shale gas and tight oil. U.S. production is expected to outstrip U.S. consumption by 2018, and the prospects for liquefied natural gas (LNG) exports continue to drive the market.This … [Read more...] about U.S. Natural Gas Trading Volume Increased 4 Percent in 2015
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SECTIONS Search E-edition Customer Service Customer Service About Us Contact Us FAQ Advertise Place Classified Ad Display Advertising Stay Connected Mobile & Apps Facebook Twitter E-mail RSS Feeds Archives My Subscription Activate Digital Subscription Manage Account Newsletters News News Local Crime Weather Education Marijuana California Nation/World Databases Special Reports Obituaries Sports Sports High Schools Outdoors Grizzlies MLB NBA NFL College Columnists David White Politics Politics Elections The California Influencer Series Political Notebook Fresno State Bulldogs Fresno State Bulldogs Football Basketball Entertainment Entertainment Calendar Movies Movie Times Music TV Theater & Arts Comics Puzzles & Games Dine Out … [Read more...] about Fresno mayor ‘won the battle but lost the war,’ Measure P allies say. What’s next?
Member States continue to adopt national and divergent rules on hydraulic fracturing across Europe . Last week, the United Kingdom facilitated hydraulic fracturing operations by adopting its Infrastructure 2015 Act. In contrast, Germany is considering the adoption of a legislative proposal that is intended to be more restrictive than the European Commission’s Recommendation on Hydraulic Fracturing.EU legislation does not specifically regulate hydraulic fracturing. Instead, hydraulic fracturing is subject to the general requirements of EU environmental and work safety legislation and to the non-binding Commission Recommendation, which essentially interprets the applicability of the EU general rules to hydraulic fracturing. (On the interpretation of the Commission Recommendation see our blog post of April 30, 2014). The legislative developments in the United Kingdom and Germany confirm that in the absence of EU … [Read more...] about Large EU Member States Take National Divergent Measures on Shale Gas Extraction
Mexico City Passes Progressive New Environmental Framework LawOn September 17, the Federal District of Mexico (Distrito Federal, “D.F.”) passed a decree (“the Decree”) reforming its framework environmental law, which went into effect on October 17. The Decree changed the law’s name to the “Environmental Law for the Protection of the Earth in the Federal District” (“the New Law”) (Decree, Art. 1). The New Law also marks a paradigm shift whereby the earth is considered a “living being” and whereby citizen participation plays an increased role. The New Law includes an expanded section on citizen participation and gives citizens the right to file complaints against polluters with the Environmental and Land Use Attorney (Procuraduría Ambiental y de Ordenamiento Territorial) directly. (New Law, Art. 23). The New Law also contemplates the establishment of incentives for businesses. The Decree also … [Read more...] about Latin American Region Environmental Report: Mexico Highlights (Volume III 2013)
Colombian Senator Introduces Bill to Modernize Environmental Sanctions RegimeOn October 18, a bill (Proyecto de Ley N.119 Senado, sobre responsabilidad ambiental; modificatorio de la ley 1333 de 2009, “the Bill”) was introduced in the Senate to overhaul the country’s environmental risk management framework and to address perceived gaps or inconsistencies in the current environmental civil penalties law, Law No. 1333 of 2009. (Art. 1). Many of the proposed changes in the Bill have important antecedents in the Comprehensive Environmental Response, Compensation, and Liability Act of 1981 (CERCLA) in the United States, including the creation of public restoration funds similar to the Superfund Program.The goal of the Bill is to update Colombia’s environmental sanctions and civil penalties regime by establishing rules, principles, and procedures to make entities that engage in potentially harmful activities financially responsible for endangering or … [Read more...] about Latin American Region Environmental Report: Colombia Highlights (Volume III 2013)