Subscribe free to our newsletters via your
. Space Industry and Business News .




ENERGY NEWS
U.S. has responsibility to act as 'emerging energy superpower,' Upton says
by Daniel J. Graeber
Washington (UPI) May 16, 2013


Australian company overcomes revolt against coal seam gas
Adelaide, Australia (UPI) May 16, 2013 - Nearly all voting shareholders expressed support for a controversial coal seam gas project in New South Wales, Australian energy company Santos said Friday.

Santos said 99.22 percent of its shareholders voted against a resolution offered by 161 stakeholders to withdraw from the Narrabri gas project during an annual general meeting.

"Shareholders have overwhelmingly recognized the importance of the Narrabri gas project to the company, the local community and the state of New South Wales," Santos Chief Executive Officer David Knox said in a statement Friday.

Dissenting shareholders were supported by The Wilderness Society. Its director, Lyndon Schneiders, wrote in the Sydney Morning Herald in March that coal seam gas made Santos "an environmental vandal."

Coal seams gas is an unconventional source of natural gas incorporated into coal deposits. The New South Wales government in 2012 introduced measures to manage conflicts between the agricultural community and coal seam operations.

Santos says without the Narrabri project, the state would be faced with higher natural gas prices. The proposed project could supply the state with 50 percent of its gas needs.

The United States has an obligation as an "energy superpower" to respond to Russian pressure on the Ukrainian gas sector, U.S. Rep. Fred Upton, R-Mich., said.

Upton, chairman of the House Energy and Commerce Committee, said threats from Moscow to shut off the supply of natural gas through Ukraine because of lingering debt were shameful.

"Threatening to turn off the spigot of natural gas to Ukraine is nothing but extortion playing out on the global stage," he said in a statement Thursday.

Russian President Vladimir Putin said Ukraine will have to pay in advance for its natural gas supplies because of accumulating gas debt. He added Thursday, however, that he was open to discussing ways to normalize the situation with his European counterparts.

European consumers get about a quarter of their gas needs met by Russia, though most of that supply runs through the Soviet-era transit network in Ukraine.

Upton said, with U.S. natural gas production growing, the government has a responsibility to address the issue.

"As the world's emerging energy superpower, America has a newfound responsibility to help our allies," he said.

He helped introduce legislation that would facilitate U.S. natural gas exports, though it's the private sector that determines export destinations.

The United States has no free-trade agreements with European countries.

.


Related Links







Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY NEWS
Power-One Renewable Energy Business to transition to the ABB brand name
Cary NC (SPX) May 16, 2014
ABB has announced that the Power-One Renewable Energy Business will transition to the ABB brand in May 2014 as part of the planned integration of its Power-One acquisition. As a result, the ABB brand will represent the most comprehensive solar value proposition on the market today and one of the industry's broadest inverter product portfolios. ABB acquired Power-One, the world's second lar ... read more


ENERGY NEWS
Glasses-free 3-D projector

Electrons hurtle into the interior of a new class of quantum materials

'Wolfenstein' videogame a Nazi-fighting adventure

The Tallest Skyscrapers Currently Under Construction

ENERGY NEWS
Harris providing tactical communications to country in central Asia

Production Ramps Up on next Advanced EHF Birds

A Multi-Billion Dollar Military Satellite Market

Sagetech to Study Micro-Mode 5 Transponder for US Navy

ENERGY NEWS
SpaceX supply capsule heads back to Earth

Replacing Russian-made rocket engines is not easy

Pre-launch processing begins for the O3b Networks satellites

US sanctions against Russia had no effect on International Launch Services

ENERGY NEWS
Iran to Host Russian Satellite Navigation Facility

Moscow to suspend American GPS sites on Russian territory from June

NASA Uses GPS to Find Sierra Water Weight

China's Beidou navigation system makes breakthrough

ENERGY NEWS
China Southern orders 80 A320 planes: Airbus

Russia investing in aircraft manufacturing

Staying On Task in the Automated Cockpit

Malaysia PM urges aircraft changes to prevent another MH370

ENERGY NEWS
A Lab in Your Pocket

Molecular Foundry Opens the Door to Better Doping of Semiconductor Nanocrystals

New lab-on-a-chip device overcomes miniaturization problems

US chip giant Intel to pump $6 bn into Israel: minister

ENERGY NEWS
Earth Science Applications Travelogue: Maury Estes

GOES-R Propulsion and System Modules Delivered

Experts demonstrate versatility of Sentinel-1

Kazakhstan's First Earth Observation Satellite to Orbit

ENERGY NEWS
Dangerous nitrogen pollution could be halved

Study lists dangerous chemicals linked to breast cancer

Study strengthens link between neonicotinoids and collapse of honey bee colonies

China detains 60 people over incinerator protest




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.