The United States can attain energy independence by 2030, therefore eliminating dependency on foreign oil, according to about two-thirds of those who responded to a survey conducted by the KPMG Global Energy Institute.

Mont Belvieu and Conway NGL prices continued to approach parity in several cases the third week of May.

The DOE has authorized ConocoPhillips-led Freeport LNG to export LNG to non-FTA countries.

However, natural gas prices were able to grow in the month as there was sufficient cooling demand in the early part of April to help prices trend up.

“New supplies will add depth and stability to global market,” the country’s minister of petroleum and mineral resources said.