GLG News by FERC Experts: Legal, Economic, and Regulatory Affairs

Russia's primary revenue sources are taxes on oil and gas. Russia's oil taxes have been falling as oil prices fall and Russian oil production stagnates. Additional oil tax changes wil occur to spur new oil productiion and increase revenues.

Although it represents a delay of about a month, the Northeast Gateway LNG is expected to receive its first cargo in May.  This Massachusetts offshore terminal will be the fourth new LNG terminal to start operations since April 1st of this year.  The four new terminals combined will almost...

A joint Canadian and Japanese research team have, for the first time, successfully produced a constant stream of natural gas from a gas hydrate well.  Using modified conventional technologies, the team was able to achieve steady flow without heating the surrounding ice.

Sustained high natural gas prices have spurred significant new exploration in North America, and these efforts are beginning to pay off.  Shale gas plays in the northeast, Texas and Louisiana, Quebec, and the upper midwest are expected to add 10 percent to U.S./Canadian gas reserves and 6...

The United States Geological Survey (USGS) has released its much anticipated report on the Bakken Formation, a potentially oil-rich area centered in western North Dakota, but extending into eastern Montana, and central Canada (Man., Sask.).  The report found 25 times the recoverable...

Australia, at least, is moving forward with a plan to sequester carbon dioxide in a depleted natural gas field.  A new plant in Victoria has opened that promises to store 100,000 tons, a significant increase in scale over previous efforts in Canada, Norway, and Algeria.  The plant...

"Biogasoline" is the promise of a joint venture of Royal Dutch Shell and Virent Energy Systems.  The new biofuel promises to overcome the many drawbacks of ethanol as a substitute for transportation fuels.  What isn't clear is how much the product will cost and when it could be available.

The Federal Energy Regulatory Commission's recently issued Notice of Proposed Rulemaking on the Standards of Conduct applicable to natural gas and electric transmission providers would establish revised standards for preventing anti-competitive information sharing between those trasmission...

With rumors about to be proven either true or false of an April report by the U.S. Geological Survey (USGS) on the Bakken Formation, activity continues to pick up speed on the ground with Bakken-related drilling activity under the largest lake in North Dakota, Lake Sakakawe...

Reynolds, IN, rechristened "BioTown USA" in 2005, has attempted to make itself energy independent: using biofuels as substitutes for all electricity, natural gas, and transportation fuel needs.  An ambitious plan that has already fallen behind schedule.