Oil & Energy - Sept 2013 - page 45

For the industry’s most comprehensive full year calendar, visit:
Calendar
September
9
Fuel Merchants Association of New Jersey Golf Tournament,
Stanton
Ridge Golf & Country Club, Whitehouse Station, NJ. Phone: 973-467-1400.
Website:
15-17
Virginia Petroleum, Convenience and Grocery Association 65
th
Annual
Meeting,
The Greenbrier, White Sulphur Springs, WV. Website:
.
Phone: 804-282-7534. Email:
.
16-18
Pennsylvania PetroleumMarketers & Convenience Store Association Fall
Energy Conference & Annual Meeting,
Omni Bedford Springs Resort & Spa,
Bedford Springs, PA. Website:
Phone: 717-939-1781.
19-20
Southern New England Energy Conference
(Massachusetts Oilheat Council,
Connecticut Energy Marketers Association and the Oilheat Institute of Rhode
Island), Mohegan Sun, Uncasville, Ct. Websites:
,
.
25-26
Propane Gas Association of New England Annual Meeting,
Portsmouth
Harbor Event Center, Portsmouth, N.H. Website:
.
Phone: 888-445-1075.
October
7
AltWheels Fleet Day,
Four Points by Sheraton, Norwood, MA.
Website:
Phone: 508-698-6810.
E-mail:
11-12
PMAA Fall Meeting at The NACS Show,
Hyatt Regency Atlanta, Atlanta, GA.
Phone: 703-351-8000. Email:
.
2014
April
29-30
Atlantic Region Energy Expo,
Atlantic City Convention Center,
Atlantic City, N.J. Website:
. Phone: 973-467-1400.
May
1
Atlantic Region Energy Expo,
Atlantic City Convention Center,
Atlantic City, N.J. Website:
Phone: 973-467-1400.
12-13
National Association of Oil & Energy Service Professionals Roadshow,
Mohegan Sun, Uncasville, Ct. Website:
. Phone: 888-552-0900.
September
22-23
National Association of Oil & Energy Service Professionals Roadshow,
Gettysburg, Pa. Website:
. Phone: 888-552-0900.
Industry News
Tcf below the five-year average (2008-12).
EIA expects the Henry Hub natural gas
spot price, which averaged $2.75 per
million British thermal units (MMBtu) in
2012, will average $3.71 per MMBtu in
2013 and $3.95 per MMBtu in 2014.
EPA FINALIZES 2013 RFS STANDARDS
The U.S. Environmental Protection
Agency (EPA) has finalized the 2013 per-
centage standards for several fuel categories
that are part of the Renewable Fuel Standard
(RFS) program established by Congress.
The final 2013 overall volumes and
standards require 16.55 billion gallons of
renewable fuels to be blended into the U.S.
fuel supply (a 9.74% blend). This standard
specifically requires the following:
• Biomass-based diesel (1.28 billion
gallons; 1.13%);
• Advanced biofuels (2.75 billion gallons;
1.62%); and
• Cellulosic biofuels (6.00 million
gallons; 0.004%).
The EPA says it is providing greater lead
time and flexibility in complying with the
2013 volume requirements by extending
the deadline to comply with the standards
by four months, to June 30, 2014.
The EPA also notes that these standards
reflect its updated production projections,
which are informed by engagement with
industry and a thorough assessment of the
biofuels market.
“This is a pivotal year for cellulosic and
advanced biofuels,” says Brent Erickson,
executive vice president of Biotechnology
Industry Organization’s (BIO’s) industrial
and environmental section, in a statement.
“Following years of research and develop-
ment and millions of dollars in investment,
the first companies are right now com-
missioning biorefineries and producing
commercial volumes of cellulosic fuel for
American drivers. Additional companies
have new facilities under construction, with
expected start-up over the next few years.”
“The visible progress of the industry
is proof that the Renewable Fuel Standard
works,” he adds.
DOE APPROVES THIRD LNG EXPORT LICENSE
The U.S. Department of Energy (DOE)
recently announced that it has condition-
ally authorized Lake Charles Exports, LLC
to export domestically produced liquefied
natural gas (LNG) to countries that do not
have a Free Trade Agreement (FTA) with the
United States from the Lake Charles Terminal
in Lake Charles, La. Lake Charles previously
September 2013 • 45
1...,35,36,37,38,39,40,41,42,43,44 46,47,48
Powered by FlippingBook