PA Environment Digest

Share this:

American Petroleum Institute Unveils Plan To Prioritize U.S. Natural Gas And Oil; Target Northeast U.S. For Pipeline Development

On January 11, the American Petroleum Institute (API) President and CEO Mike Sommers released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil as a long-term strategic asset during API’s annual State of American Energy event.

“The state of American energy is strong and resilient,” Sommers said in his keynote address. “But we need policies to enhance the American energy supply chain and not hinder it. The State of American Energy could be much stronger through bipartisan cooperation, a reversal of rhetoric from the Administration, and serious policies that encourage investment and enable development.”

During the event, featuring API Executive Vice President and Chief Advocacy Officer Amanda Eversole, U.S. House Energy and Commerce Committee Chair Cathy McMorris Rodgers (WA-R), and U.S. Representatives Henry Cuellar (TX-D), Lizzie Fletcher (TX-D), and Mary Peltola (AK-AL- D), API announced a plan for the 118th Congress to make, move and improve America’s energy.

As consumers face growing energy costs, API urges policymakers to take a more realistic approach and ensure that American natural gas and oil are prioritized as long-term strategic assets.

The theme of the 2023 State of American Energy, “The Solution is Here,” and the new report, focus on three main components:

-- Make: Lifting restrictions on energy development in federal waters and lands could increase domestic energy production and increase investment in the U.S. economy, according to a new Rystad study.

-- Move: New pipeline infrastructure in the Northeast could add 4.6 bcf per day of natural gas and invest billions locally.

-- Improve: American energy is produced to among the highest environmental standards in the world and is leading the way to a lower-carbon future.

“We know the solution is here. Government policy must reflect our resource abundance, our ability to build, and our willingness to get better every step of the way,” Sommers concluded. “API and our industry are here for it. Ready to do the work. Ready to put in the time—this year, with this administration, with this new Congress—to craft and enact bipartisan policies to make, move, and improve American energy.”

View API’s 2023 State of American Energy digital report here and a copy of Mike Sommers’s keynote address here.

NewsClips:

-- Utility Dive: FERC Approves Transco Northeast Natural Gas Pipeline Expansion Despite Jersey Study Finding No Need [Click Here for DEP Project webpage.]

-- Marcellus Drilling News: FERC Approves Transco Northeast Expansion Natural Gas Pipeline Project [Click Here for DEP Project webpage.]

-- PJM’s Preliminary Review Of Christmas Storm Electric Generation Failures Shows Natural Gas Units Failed To Provide Power At Over Triple The Rate Of Other Generation [PaEN]

-- PJM Interconnection: PJM Operated Reliably Throughout Winter Storm Challenges, But ‘Generator Forced Outages Were Unacceptable’

-- Post-Gazette - Anya Litvak: Christmas Holiday Freeze Froze Off Sizable Portion Of Appalachia’s Natural Gas Production Cutting Off Supply To Power Plants When They Needed It Most [Gas Generation Dropped By 22% In PJM]

-- U.S. EIA: Short-Term Energy Outlook Projects Lower Natural Gas Prices In 2023, Increased Production; Coal-Fired Generation To Fall Again, Offset By Solar, Wind

-- Reuters: U.S. Nature Gas Output To Hit Record High In 2023, Demand To Fall

-- Bloomberg: European Natural Gas Price Falls As Ample LNG Supply Outweighs Colder Weather

-- Reuters: EU Energy Regulator To Launch LNG Natural Gas Price Assessments On Fridays

-- Reuters: German Natural Gas Storage Operators Optimistic For Next Winter