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Bullboard - Stock Discussion Forum Nuvista Energy Ltd NUVSF


Primary Symbol: T.NVA

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Commonwealth LNG Urges Biden to Support Pending LNG Export A
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Post by Carjack on Jan 12, 2024 3:59pm

Commonwealth LNG Urges Biden to Support Pending LNG Export A

(Reuters) — U.S. liquefied natural gas (LNG) developer Commonwealth LNG on Thursday called on President Joe Biden to support its long-pending LNG export application.

Commonwealth LNG in a letter said it has been waiting 14 months for non-free trade approval and has had no sign of a decision.

"With 14 months now elapsed since our FERC authorization we find ourselves with limited feedback or visibility into the DOE's NFTA deliberation process," wrote the company's Chairman Paul Varello.

U.S. Department of Energy (DOE) reviews for LNG export permits have lengthened under Biden to 11 months or more, from seven weeks under former President Donald Trump, a Republican who worked to maximize U.S. energy output.

Officials from the DOE and White House have been meeting to determine whether federal regulators should factor in climate change when deciding whether a proposed gas export project meets the national interest, Politico reported on Tuesday, citing sources familiar with the discussions.

 
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