The government announced the plan to install smart meters to monitor electricity and gas consumption in 26 million homes earlier this year.

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The EPA allocates a share of this mandate to oil and gas companies, and to monitor compliance each gallon of ethanol is assigned a 38 digit Renewable Identification Number, or RIN.

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Obvius has pioneered a portfolio of plug-and-play data-collection and communications applications based on an open architecture, which allow users to monitor electric, water, gas, environmental and renewable energy information through a single, web-accessible platform.

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As such, Obama says that the Environmental Protection Agency has the authority to monitor certain aspects of shale gas production such as the disposal of waste water and the assurance of clean water supplies.

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The two sides have now restarted talks and agreed to let international observers monitor the pipeline, which could be a signal of renewed gas flow.

ECONOMIST: Russia, Ukraine and gas

Bolick also cited the example of specialty-gas supplier Air Products, which has been able to save large amounts of energy by using analytics tools to monitor and predict consumer demand and thereby optimize timing and efficiency of delivery routes.

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