Bradford County | CNG/LNG | Energy Services | Industrywide Issues | New Fortress Energy | Pennsylvania | Processing Plants
Big News! Marcellus LNG Export Plant Coming to Landlocked NEPA
We have some exciting news to share. A company called New Fortress Energy is planning to build an LNG (liquefied natural gas) liquefaction plant in Wyalusing (Bradford County), PA. The $800 million (!) plant will supercool and liquefy locally extracted Marcellus Shale gas and ship it first by truck, eventually by rail, to “customers in the U.S. as well as abroad.” Meaning exports. How cool is that? It seems that LNG liquefaction plants no longer have to be located along a shoreline to engage in exports. Which company will provide the gas to liquefy and export? MDN has the exclusive answer, and yes, you need to be an MDN paying subscriber to find out…
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Virulent anti-drillers in Youngstown, OH have now tried eight times to pass a so-called Community Bill of Rights ballot measure–and have failed all eight times, most recently on Tuesday. The local yokels from Youngstown working on the initiative are pawns, useful idiots, for an ultra-radical group from Pennsylvania called the Community Environmental Legal Defense Fund (CELDF). The CELDF is behind dozens of such efforts, none of which has been successful. The Youngstown ballot measure sought to ban fracking and ban any company related to the extraction of fossil fuels from operating in the city. The CELDF is also behind a number of bizarre lawsuits–like the one claiming that an ecosystem is a “person” with rights (see 
From time to time we read about, and bring you news about, companies in our industry floating “notes”–what we call IOUs–a form of debt used to finance new spending or (in this case) refinance and pay off older debt. We’re not high finance experts, but it always looks to us like an elaborate shell game of robbing Peter to pay Paul. Just kick the debt can on down the road. But so many companies do it, there’s obviously some advantage. The latest, and biggest by far we’ve seen, is MPLX (MarkWest Energy). They just announced they are floating a whopping $2.25 billion of “unsecured senior notes.” MPLX will use $750 million of it to pay off older notes, and the rest to repay loans borrowed under the company’s revolving credit facility, and repay loans made to parent company Marathon Petroleum.
We get pretty exercised over the ongoing abuse and total corruption of our justice system at the hands of Democrat Attorneys General who have sold access to their offices to Big Green funders. We previously told you about a pair of new reports shining a light on corrupt AGs in New York and other states, abusing their offices in an attempt to criminalize fossil fuel companies (see 
The “best of the rest”–stories that caught MDN’s eye that you may be interested in reading: Judge weighs other courts’ pro-pipeline rulings before PennEast decision; The out-of-control NY Attorney General’s office takes on ExxonMobil; XTO Energy brings ‘Introduce a Girl to Engineering Day’ STEM program to Ohio; Kinder Morgan fires up Sabine Pass pipeline; California dreamin’ about a fracking ban that may never come; Global Climate Action summit silent on natural gas progress.