PTT Loses Partner/Financial Backer for Ohio Cracker Plant Project

PTT Global Chemical yesterday issued a press release to say its major partner and financial backer for a planned $10 billion ethane cracker facility in Belmont County, OH–South Korea’s Daelim Chemical USA–has decided to pull out of the project. PTT said it remains committed to the project and will look for a new partner.
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PA House Votes to Pass Resurrected Petchem Bill, Wolf to Sign

Yesterday MDN told you the full Pennsylvania State Senate, with an overwhelming bipartisan majority, voted on and passed a bill to grant tax break incentives to huge petrochemical plants willing to build new facilities in PA–facilities that will use Marcellus Shale methane (see PA Senate Votes to Pass Resurrected Petchem Bill in Record Time). Later in the day yesterday, the full House wasted no time in passing the same bill–by a whopping 163-38. Gov. Wolf said as soon as the bill hits his desk he’s going to sign it. Victory!
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Federal Judge Overrules NY Town to Allow NFG Compressor Station

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National Fuel Gas Company’s (NFG) $500 million Northern Access Pipeline project aims to build 97 miles of new pipeline along a power line corridor from northwestern Pennsylvania up to Erie County, NY to flow PA Marcellus fracked shale gas into the Empire State. The project also calls for 3 miles of new pipeline and a compressor station in Niagara County, NY. The Town of Pendleton, where the compressor station will be located, has refused to issue a permit for the station. Yesterday a federal judge overruled the town and said NFG can move forward with construction of the compressor station when it’s ready to do so.
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10 Democrat Senators Ask Warren Buffet to Invest in WV NatGas

Waaaiiit just a minute. Did we just slip through the looking glass? Ten Democrat State Senators from West Virginia sent a letter earlier this week to Warren Buffett asking the billionaire to consider investing in natural gas projects in the Mountain State. The letter states their sadness that Atlantic Coast Pipeline was canceled, but expresses hope that Buffett’s purchase of Dominion’s other pipeline assets augurs a bright future. We could have sworn this letter was sent by conservative Republicans!
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PA PIPE Grants to Extend Gas Pipelines in Monroe, Snyder Counties

Pennsylvania’s Pipeline Investment Program (or PIPE) grants cover part of the cost for building new natural gas pipelines to connect homes and businesses, typically in rural parts of the state, to homegrown Marcellus Shale gas supplies. We’ve written about many of the more-than-a-dozen (so far) PIPE grant projects in the past (see our PIPE stories here). Two more PIPE grants totaling over $1 million have just been awarded–one in Synder County, the other in Monroe County.
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Biden Unveils Plan to Eliminate Gas-Fired Power Plants by 2035

Joe Biden, reading like a robot from a teleprompter with no live audience and taking no questions from reporters (to guard against exposing his advancing dementia), yesterday introduced a $2 trillion so-called climate plan. Part of Biden’s plan, no doubt concocted by the likes of Alexandria Occasional-Cortex (AOC), calls for using the jackboots of the federal government to force all states to abandon all electric power generation from sources that produce “carbon” by 2035. That, dear readers, includes eliminating all natural gas-fired power plants and coal-fired power plants, which today produce two-thirds of all electricity produced in the U.S.A.
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Shale Energy Stories of Interest: Wed, Jul 15, 2020

OTHER U.S. REGIONS: Weymouth officials say venting of natural gas allowed near compressor site; NATIONAL: Saying the quiet part out loud: anti-pipeline leader admits true motivation for activism; U.S. crude oil and natural gas production in April had biggest monthly decreases in years; Energy storage’s emerging challenge to natural gas in the power sector.
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