Lack of Pipelines in US Hinder Shale Gas Revolution According to White & Case Report - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Lack of Pipelines in US Hinder Shale Gas Revolution According to White & Case Report

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE White & Case LLP

WASHINGTON, April 29, 2014 /PRNewswire/ -- The shale gas revolution in the United States has radically changed the country's energy outlook and can provide for energy independence, new jobs and a manufacturing renaissance. However, none of this will occur until the country addresses the significant pipeline infrastructure gap that exists, according to a new report from global law firm White & Case LLP. The entire report can be viewed here.

"The United States has a golden opportunity to become a powerhouse in global energy markets, to truly achieve full energy independence and to use natural gas to power our economy," said White & Case partner Daniel Hagan. "But that path is far from assured without a major expansion of the long-distance pipeline network."

The report examines why the US currently lacks the capacity to transport all its available oil and gas to users and looks at the reasons why investors have been slow to support the development of additional pipeline capacity.

The report explores four approaches that could hasten development of critical infrastructure, including:

  • Incentivizing investment. Pipeline investment and financing must be made more attractive. One way to do this is to add revenue streams from pipeline systems. There is pending legislation before Congress around this issue.
  • Breaking the bottleneck in liquefied natural gas (LNG) export authorizations. Tapping into world demand for LNG is critical to spurring investment in pipeline infrastructure.
  • Forging a solid partnership between industry and regulators. The United States needs a national energy strategy to kick-start an ambitious pipeline expansion program.
  • Improving gas-electric coordination.  Improve coordination among gas and electric power companies.

In addition, the report offers two case studies. The first case study examines how the Rockies Express Pipeline is facing difficulties inherent in repurposing existing infrastructure to take advantage of new US shale gas resources and what the company is doing to overcome those difficulties. The second case study reviews how North Dakota is searching for solutions to wasteful gas flaring, a bi-product of shale gas.

About White & Case

White & Case LLP is a leading global law firm with lawyers in 39 offices in 26 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and the depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.

Contact
Francine Minadeo
Media Relations Manager
White & Case LLP
+ 1 646 885 2218
fminadeo@whitecase.com

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow