Last week the Tennessee Gas Pipeline (TGP), which runs through the Marcellus/Utica region, signed a 20-year agreement with Mitsubishi Corporation of Japan to ship natural gas to the Gulf Coast (Louisiana) where it will be liquefied–turned into LNG–and exported to Japan. This is the second such agreement to export Marcellus and Utica Shale gas to Asia. [...]
The U.S. Senate last week confirmed the appointment of Ernest “Hair” Moniz to be the new Secretary of Energy. You know why we affectionately call him “Hair” if you’ve seen a picture of him. Make no mistake–Moniz is a liberal Democrat and tilts left in many things. However, he’s probably the best candidate we could [...]
A group of the same old, tired “we’re against all progress” groups–including the Sierra Club, Earthjustice and a variety of X Riverkeeper groups–keeps making noise (increasingly just ignored by everyone) that, “OMG! the Cove Point LNG terminal in Maryland will kill off life as we know it in the Chesapeake!” Their tone is shrill and [...]
The nonpartisan, nonprofit advocacy, research and education organization the Small Business & Entrepreneurship Council (SBE Council) published a new report last week titled “The Benefits of Natural Gas Production and Exports for U.S. Small Businesses” (full copy embedded below). The report looks at the period 2005-2010 and the rocket growth in jobs and new small businesses created [...]
Several interesting speakers addressed the spring natural gas conference held by West Virginia University in Morgantown on Wednesday. Among them was keynote speaker David McCurdy, president and CEO of the American Gas Association. He told attendees he believes natural gas will stay in the $4-$6 per Mcf range “for a decade or more.” Dominion Resources [...]
Dominion, via it’s Blueracer Midstream joint venture with Caiman Energy, is building a $1.5 billion natural gas liquids processing plant in Natrium, WV. The plant is a bit behind schedule but due to go online later this spring (see Natrium, WV NGL Plant Behind Schedule, Will Open “Late Spring”). Dominion is also set to build [...]
Every now and again (doesn’t happen often), the Democrat left in our country will “eat one of their own.” It’s happening right now with Dr. Ernest “Hair” Moniz, President Obama’s choice to head up the Dept. of Energy after the resignation of Dr. Steven Chu. Dr. Moniz is a very smart guy–like Albert Einstein smart. [...]
Dominion announced this morning it has achieved several major milestones for advancing its Cove Point, Maryland LNG export facility, including contracts with Japan and India to take 100% of the LNG they can produce for export. The Cove Point LNG export facility, which includes the capability to liquefy natural gas into LNG, will cost $3.4 [...]
Ohio Congressman Tim Ryan announced last week that he and Ohio Congressman Bill Johnson have founded the “Liquefied Natural Gas (LNG) Export Working Group” for the 113th Congress. The purpose of the group is to encourage the Obama administration (specifically the Dept. of Energy) to get off it’s collective rear-end and start approving some of [...]
America finally has a gift—wrapped up in a bow—ready to help it regain some of the economic footing we’ve lost in the world over the last decade or so of unprecedented trade deficits and debt. That gift? Hydraulic fracturing and the shale gas it produces in huge quantities. All we have to do is frack [...]
Marcellus Shale ethane, a valuable hydrocarbon recovered from natural gas wells in areas of southwestern Pennsylvania, will be exported to Norway from the recently reopened Sunoco Logistics terminal in Marcus Hook (near Philadelphia). Ethane and propane exports from the terminal are expected to ramp up in about two years once the new Mariner East pipeline [...]
A court battle that started in early 2012 has a happy conclusion for energy giant Dominion. More than a year ago, Dominion filed for a permit to liquefy natural gas and export it from their facility at Cove Point, Maryland—60 miles southeast of Washington, D.C. Dominion has Japanese customers ready and waiting to buy natural [...]
The Dept. of Energy – Office of Fossil Fuels commissioned a research report earlier this year by the venerable NERA Economic Consulting. The study, released to the public yesterday and titled, “Macroeconomic Impacts of LNG Exports from the United States” (full copy embedded below), takes a look at liquefied natural gas (LNG) exports from the [...]
Russell (“Rusty”) Braziel is one of the country’s most respected authorities on energy information and markets. He’s the former vice president of BENTEK Energy (bought out by Platts in 2010). He speaks, he writes, and he’s now President & Principal Consultant at RBN Energy, LLC. Rusty presented at the LDC NGL (natural gas liquids) Forum [...]
Seven liquefied natural gas (LNG) export terminals have officially been proposed to the Federal Energy Regulatory Commission (FERC). Another six have been informally proposed. FERC has twice delayed releasing their decision on whether or not to permit and allow exports of natural gas, coming under heavy criticism for the delays. According to Chris Smith with [...]
In a bid to get more money for its natural gas, Statoil, a Norwegian company with major operations in the Marcellus Shale, said late last week they will start shipping gas to Canada effective Nov. 1. They also plan to build a new natural gas pipeline to Manhattan, NY.
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